UNITS IN IFSC
In Gift City, the International Financial Services Centre
A planned business district called GIFT City was created with the intention of making India a global center for technology and finance. Covering 886 acres, the city was created as a Special Economic Zone (SEZ) in accordance with the SEZ Act of 2005.
International financial services are facilitated by the International Financial Services Centre (IFSC), a specialized financial center in India. Located in Gandhinagar, Gujarat’s Gujarat International Finance Tec-City (GIFT City), the IFSC was founded in 2015.
The Indian government’s ambitious plan to create a premier financial hub in India is the IFSC at GIFT City. It offers a number of advantages to enterprises seeking to grow internationally, and financial services firms find it to be a desirable location due to its tax advantages and regulatory environment. GIFT City’s IFSC offers a variety of financial services, such as capital markets, asset management, banking, and insurance.
What Assistance Can Popli & Associates Offer?
A unit in a Special Economic Zone (SEZ) may receive a range of services from Popli & Associates, such as setup and registration. Among the professional services that MNRS can offer are:
Company incorporation: We can help with the incorporation of the business entity or company that will establish the unit in the SEZ.
Getting approvals and registrations: MNRS can assist in getting approvals and registrations from a number of government agencies, including the Department of Commerce, the Department of Industrial Policy and Promotion, and the Ministry of Environment and Forests.
Regulatory compliance: As a certified public accounting firm, we are able to carry out or support the implementation of a number of regulatory requirements, including those pertaining to tax, customs, and excise.
Accounting and bookkeeping: You may establish accounting systems and keep accurate books of accounts in accordance with Indian accounting standards with the assistance of our extensive knowledge.
Tax planning and compliance: The main goal of establishing an IFSC unit is to save taxes. We can offer services related to tax preparation and compliance, such as international tax planning, GST compliance, and transfer pricing compliance.
Audit and assurance services: We are able to offer audit and assurance services to guarantee that the unit’s financial statements are correct and adhere to the applicable accounting standards because of our extensive experience in the auditing of all kinds of entities, including listed ones.
Advisory services: MNRS can offer advice on a range of topics, including financial planning, corporate restructuring, and mergers & acquisitions.