The Classic Partners LLP

GIFT City Legal & Compliance Support

Specialised legal and compliance support for entities in GIFT City IFSC. From IFSCA registration and entity setup to ongoing regulatory filings under the IFSCA framework, we help your unit establish substance and stay compliant in India's international financial services centre.

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What is GIFT City IFSC Compliance?

GIFT City (Gujarat International Finance Tec-City) houses India's first International Financial Services Centre (IFSC), regulated by the International Financial Services Centres Authority (IFSCA) — a single, unified regulator established under the IFSCA Act, 2019 for banking, capital markets, insurance, fund management, and fintech.

Setting up and running an IFSC unit involves entity incorporation, IFSCA licensing or registration (often via the SWIT single-window system), SEZ approvals, and ongoing compliance with IFSCA circulars — including demonstrating genuine operational substance. Transactions also remain subject to FEMA. We provide end-to-end support and pair it with GIFT City regulatory and tax advisory for the full picture.

Who Needs GIFT City Compliance Support?

Banks, NBFCs, and finance companies in IFSC.
Fund Management Entities (FMEs) and AIFs.
Insurance and reinsurance entities.
Fintech and capital-market firms.
Global groups setting up treasury or holding units.

Our GIFT City Legal & Compliance Services

IFSCA Registration & Licensing

Application and approvals through the IFSCA SWIT single-window system.

Entity Setup in IFSC

Incorporation and SEZ / unit approvals in GIFT City.

Ongoing Regulatory Filings

Periodic IFSCA returns, disclosures, and compliance reporting.

FME / Fund Authorisation

Support under the IFSCA (Fund Management) Regulations, 2022.

Compliance & Substance

Policies, KMP, and operational-substance requirements.

FEMA & Cross-Border Advisory

Exchange-control and structuring support for IFSC transactions.

Why Choose The Classic Partners

Specialised experience across corporate, FEMA, and tax compliance for businesses of every size.
End-to-end handling filings, audit coordination, and follow-up managed under one roof.
Timely reporting so you never miss a statutory deadline or attract avoidable penalties.
Transparent fees and a dedicated point of contact you can actually reach.

Frequently Asked Questions

Who regulates GIFT City IFSC?

GIFT City's International Financial Services Centre is regulated by the International Financial Services Centres Authority (IFSCA), a single unified regulator established under the IFSCA Act, 2019.

What activities can be set up in GIFT City IFSC?

A wide range of financial activities can be set up, including banking, capital markets, insurance and reinsurance, fund management, and fintech, subject to IFSCA registration.

How is an entity registered in GIFT City?

Setting up an IFSC unit involves entity incorporation, SEZ approvals, and IFSCA licensing or registration, with applications typically submitted through the IFSCA SWIT single-window system.

What is an FME in GIFT City?

A Fund Management Entity (FME) is an entity registered with IFSCA under the IFSCA (Fund Management) Regulations, 2022 to launch and manage funds such as AIFs from the IFSC.

Does an IFSC unit need to maintain operational substance?

Yes. IFSCA expects genuine operational presence and substance, and non-compliance can lead to advisories, warnings, or cancellation of registration.

Can The Classic Partners support GIFT City entities remotely?

Yes. We support IFSC setup and compliance for clients across locations and coordinate documentation and IFSCA filings remotely.

Need help with your compliance?

Get clear, deadline-driven compliance handled by experienced Chartered Accountants.