India Announces New Tax Incentives for GIFT City, 1) Some Tax Benefits Extended to 2030 March, 2) Mutual Fund & ETFs Can Relocate to GIFT City from 2026 April Without Paying Capital Gains Tax, 3) Tax Incentives for Non-Residents for Earned Income from Derivatives & Life Insurance, 4) Tax Incentives for Aircraft & Ship Leasing Companies
2nd February 2025 | Hong Kong
The India government has announced new tax incentives for India GIFT City, 1) Some tax benefits extended to 2030 March, 2) Mutual Fund & ETFs can relocate to GIFT City from 2026 April without paying capital gains tax, 3) Tax incentives for Non-Residents for earned income from derivatives & life insurance, 4) Tax incentives for aircraft & ship leasing companies. The Gujarat International Finance Tec-City (GIFT City) was setup in 2015. GIFT City – GIFT City in Gujarat is India’s first operational smart city and hosts India’s first and only International Financial Services Centre (IFSC). 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. In 2024 August, India GIFT City governing authority has stopped approval for local India family offices to setup investment funds in GIFT City (Gujarat International Finance Tec-City), due to concerns of being used to avoid tax & capital controls including for money laundering. India limits local residents investments overseas to $250,000 per year, but residents are able to invest overseas via approved financial institutions, banks & wealth management firms operating in GIFT city. In 2024 July, Japan Sumitomo Mitsui Banking Corporation (SMBC) has opened an India GIFT City Branch to focus on foreign currency-denominated lending business & support clients in India. SMBC now has 4 branches in India with New Delhi, Mumbai, Chennai & GIFT City. In 2025 January, HSBC ($178 billion market value) has received approval to open 20 new branches in India, and have opened India GIFT City office (Gujarat International Finance Tec-City) to provide full range of products & services to clients including wealth management services to HSBC Premier & Banking clients and financial instruments to manage foreign exchange, risk & liquidity for HSBC Wholesale Banking clients.
“ India Announces New Tax Incentives for GIFT City, 1) Some Tax Benefits Extended to 2030 March, 2) Mutual Fund & ETFs Can Relocate to GIFT City from 2026 April Without Paying Capital Gains Tax, 3) Tax Incentives for Non-Residents for Earned Income from Derivatives & Life Insurance, 4) Tax Incentives for Aircraft & Ship Leasing Companies “
India Authority Stops Approval for Local India Family Offices to Setup Investment Funds in GIFT City Due to Concerns of Being Used to Avoid Tax & Capital Controls Including for Money Laundering, India Limits Local Residents Investments Overseas to $250,000 Per Year But are Able to Invest Overseas via Approved Financial Institutions, Banks & Wealth Management Firms Operating in GIFT City

27th August – India GIFT City governing authority has stopped approval for local India family offices to setup investment funds in GIFT City (Gujarat International Finance Tec-City), due to concerns of being used to avoid tax & capital controls including for money laundering. India limits local residents investments overseas to $250,000 per year, but residents are able to invest overseas via approved financial institutions, banks & wealth management firms operating in GIFT city.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2025 Investment Day
- March - Hong Kong
- March - Singapore
- July - Hong Kong
- July - Singapore
- Sept- Hong Kong
- Sept - Singapore
- Oct- Hong Kong
- Nov - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit