Gujarat International Financial Tec-City (GIFT City) is India’s first International Financial Services Centre (IFSC), established under the Special Economic Zones Act, 2005 and the International Financial Services Centres Authority Act, 2019. It is a dedicated financial jurisdiction offering a wide range of financial services to both resident and non-resident entities in foreign currencies.

It’s a hub for financial and IT companies from around the world, offering an ideal ecosystem for both local and international businesses. The IFSC at GIFT City enables onshore and offshore financial services and its mission is to offer cross-border financial products and services within a competitive tax environment.

Under the current Foreign Exchange Management (International Financial Services Centre) Regulations, 2015, any financial institution or branch of a financial institution set up in the IFSC and permitted/recognized as such by the Government of India or a Regulatory Authority is treated as a person resident outside India (PROI). The International Financial Services Centres Authority (IFSCA) is a unified authority for the development and regulation of financial products, financial services and financial institutions in the IFSC in India.