Exploring Investment Opportunities at GIFT IFSC for NRIs and HNIs
Investment Opportunities for NRIs at GIFT City
The GIFT International Financial Services Centre (GIFT IFSC) is a key finance hub located in the GIFT City. Founded in 2015 and regulated by the International Financial Services Centres Authority, it aims to promote international financial services for both local and global markets.
Inbound Opportunities
- Investments in designated funds can be managed from overseas accounts in foreign currency.
- No requirement to open a bank account in India, simplifying the investment process.
- No withholding tax based on country treaties is applicable, eliminating tax burdens in India.
- Investors can make investments remotely, enhancing accessibility.
Outbound Opportunities
Indian funds are enabled to introduce products demanding investments globally, fostering potential growth and expansion.
Banking Services
Leading banks are establishing branches in GIFT City, ensuring robust banking services for international investments.
Where to Invest
The GIFT IFSC currently lists 124 fund managers. High-profile names include HDFC, SBI, and Kotak, providing a diverse range of investment options.
Conclusion
GIFT City presents a formidable avenue for NRIs seeking investments in India with favorable tax structures and reduced exchange risk. With the anticipated influx of more fund managers and diverse products, this platform is poised for significant growth. Investors should consider this opportunity.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.