blog address: https://www.corpzo.com/establishing-alternative-investment-fund-aif-in-gift-city
keywords: Alternative Investment Fund (AIF) in GIFT City
member since: Oct 24, 2021 | Viewed: 544
Alternative Investment Fund (AIF) in GIFT City
Category: Law
Gujarat International Fin-Tec City (GIFT City) is being built as a worldwide financial and IT services hub, similar to globally benchmarked financial centres. It features an International Finance Services Centre ("IFSC")-designated Special Economic Zone. The IFSC was established to handle financial services transactions now carried out outside of India by foreign financial institutions and Indian financial institutions' overseas branches and subsidiaries. Is it permissible for AIFs in GIFT City to invest in foreign companies? Yes, because AIFs established in an IFSC are considered non-resident Indians under India's current foreign exchange regulations, they are able to engage in international firms without obtaining extra regulatory licences. 12. Are there any non-tax benefits available to AIFs in GIFT City, such as increased operational and structural flexibility?
{ More Related Blogs }
Law
Innocent Until Proven Guilty: ...
Oct 19, 2023
Law
ACE TAX SERVICES, INC: Your Tr...
Oct 19, 2023
Law
Ace Tax Services: Your Trusted...
Oct 24, 2023
Law
Immigration Lawyers in Milwauk...
Oct 30, 2023
Law
Unyielding Lawyers in the Cour...
Aug 22, 2023
Law
Paralegal services in Orange C...
Apr 22, 2021