Top 5 Reasons Why Foreign Companies Choose GIFT City for Expansion

Gujarat International Finance Tec-City (GIFT City) has become the preferred destination for foreign companies establishing or expanding their business operations in GIFT City. Located in Gandhinagar, GIFT City IFSC is the first International Financial Services Centre (IFSC) in India, providing a unique blend of regulatory advantages, modern infrastructure, world-class financial services, tax benefits, and simple processes, thus providing an effective proposition for foreign companies in GIFT City seeking to access business in both India and the international market.

1. Geographic Position and Infrastructure

Companies in GIFT City are at a prime geographic position between Ahmedabad and Gandhinagar, providing good access to major Indian cities and international airports. GIFT City has world-class infrastructure, which includes high-speed internet, smart utilities, and sustainable urban design. This modern infrastructure is conducive to finance companies in GIFT City, Gandhinagar, to operate well in the city, which is a strong proposition for foreign companies set up in GIFT City.

2. Tax Benefits and Regulatory Benefits

One of the strongest reasons for foreign companies in GIFT City is the set of tax benefits for organisations in GIFT City, and regulatory benefits. Companies in GIFT City, which are operating in the IFSC, qualify for a 100% tax holiday on profits for 10 years, out of 15 years, exemption from capital gains tax on certain securities, and exemption from the Securities Transaction Tax (STT) and Goods and Services Tax (GST) on IFSC exchange transactions. These benefits significantly reduce operational costs and increase the profitability of foreign direct investment in GIFT City.

3. Access to International Financial Markets

Companies based in GIFT City have unparalleled access to international financial markets. The GIFT City IFSC provides cross-border financial services that allow companies to operate in multiple currencies and engage in international trade and investment activities. This global access is particularly beneficial for fintech companies based in India, asset managers, or banks that are interested in expanding their business beyond India.

4. Ease of Business Setup and Management

Starting a business in GIFT City is made convenient through a single-window clearance mechanism by the International Financial Services Centres Authority (IFSCA). This integrative approval method simplifies the regulatory process by reducing the need for bureaucratic systems and expedites the registration process in GIFT City. GIFT City also provides plug-and-play infrastructure, allowing quick and efficient uptake for foreign companies entering GIFT City as well as other companies.

5. Talented and Supportive Environment  

Companies in GIFT City are able to draw from a large, talented workforce with the skills needed in finance, technology, and management. Many leading educational institutions and professional training centres are located there to help with the ongoing availability of skilled employment. The healthy ecosystem includes industry associations, financial institutions, and service providers that support collaboration and innovation. All important factors in a community that support business development and make GIFT City optimal for international expansion, and home to the best company in GIFT City

Conclusion  

Foreign companies in GIFT City are a prime location to grow because of the strategic advantages. GIFT City IFSC's tax-free benefits provided for investment, the ease of your GIFT City registration, improved global marketplace access, a skilled labour base, and world-class infrastructure make it an ideal location for business unless companies are targeting investment in Indian real estate or inquires on how to invest in India from overseas for growth and opportunity.