At Osgan, we specialize in providing comprehensive services to businesses and professionals aiming to establish or expand their presence in GIFT City, Gujarat’s landmark global financial and IT services hub. Leveraging our deep expertise and inside-out knowledge of GIFT City’s regulatory, financial, and infrastructural landscape, we offer tailored solutions that ensure a seamless setup and operational success for your unit. Here’s how setting up in GIFT City can transform your business landscape:
International Financial Services Centre (IFSC): As the hub for the IFSC, GIFT City enables businesses to operate in a global financial services market, offering unparalleled access to international markets and investors.
Global Trade Facilitation: With its world-class infrastructure and strategic location, GIFT City serves as a gateway for global trade, enhancing your business’s export and import capabilities.
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Direct Tax Incentive |
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Tax Holidays for units in IFSC |
IFSC units are eligible to 100% tax exemption for 10 consecutive years out of 15 years under Section 80LA of the Income Tax Act, 1961 |
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Reduced MAT |
Section 115JB of the Income Tax Act, 1961 provides the units in an IFSC deriving income solely in convertible foreign currency shall be eligible for MAT at 9% instead of 15% |
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Indirect Tax Incentive |
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GST Exemption |
· Transactions involving the supply of goods and services from units in the IFSC to clients outside India are treated as exports, thus exempting them from the Integrated Goods and Services Tax (IGST). · There is no levy of GST on transactions carried out in IFSC · Transactions involving the supply of goods and services from units in DTA to IFSC shall be treated as Zero Rated Supply under Section 16 of the IGST Act |
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Duty-Free Import |
Units in GIFT City are allowed duty-free import of goods and capital goods for authorised operations. |
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State Government Incentive |
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Fiscal Incentive |
25% of the Fross Fixed Capital Investment (GFCI) in an IT project upto the limits specified shall be available 15% of the Operating Expenditure upto 5 years shall be available upto the limits specified |
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Stamp Duty and Registration Fee Exemptions |
Businesses and financial institutions setting up in GIFT City shall be given the benefit from exemptions in stamp duty |
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Electricity Duty Exemptions |
Units operating in GIFT City shall be eligible for exemptions from electricity duty for 5 years |
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Other Incentives |
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Exemption from Securities Transaction Tax (STT) |
Transactions carried out on the recognized stock exchanges within GIFT City are exempt from the Securities Transaction Tax, lowering the overall cost of trading and investment operations. |
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Stamp Duty |
Stamp Duty shall not be charged in respect of the instruments of transaction in Recognised Stock Exchange and depositories in IFSC |
World-Class Facilities: Benefit from ready-to-use office spaces, advanced technological infrastructure, and robust support services designed to meet the needs of finance and tech companies.
Sustainable Urban Environment: GIFT City is a model of sustainable development, offering a green, efficient, and resilient urban ecosystem that enhances the quality of work life for your employees.
At Osgan, we understand the strategic importance of GIFT City’s benefits for your business. Our expert services are designed to maximize these advantages, ensuring a smooth transition and successful operation in this premier financial and tech hub. Partner with us to leverage GIFT City’s full potential and elevate your business on a global scale.
Contact us at connect@osganconsultants.com to explore how we can assist you in harnessing the benefits of GIFT City for your business growth and success.