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International Financial Services Centres Authority

(A statutory authority established by Government of India)

How To Apply

Home How To Apply

How to Apply?

  1. The mandate of IFSCA is to develop and regulate the financial institutions, financial products, and financial services in the International Financial Services Centres (IFSCs) in India. IFSCA aims to create a world‐class financial ecosystem based on ease of doing business and to provide best-in-class regulatory frameworks, to make IFSCs in India a preferred global destination for international financial services.
  2. The interested entities may engage with the Development team of IFSCA to seek information on the various opportunities available at GIFT IFSC and the process flow for setting up the business in GIFT IFSC. The entities may also seek time for presentation on their business plan by writing to the Development team at development@ifsca.gov.in The Development team can provide you with a broad overview of tax and business regulations at IFSC. The Development team can also take you through the details in a short VC meeting based on your request via email. 
  3. Once a decision to apply is made, the entities may connect with the concerned regulatory team as per the verticals mentioned below for any query with respect to the regulatory framework or application process. The teams below are available for a short Video or Tele-call during the working hours.

S. No

Division

Email ID

Application Form

1

Capital Market Intermediaries

arjun.pd@ifsca.gov.in

1. Application Form for Capital Market Intermediaries

2

Sustainable Finance

abhilash.mk@ifsca.gov.in

  

3

Market Infrastructure Institutions

praveen.kamat@ifsca.gov.in

1. Application Form for Clearing Corporation

2. Application Form for Depository

3. Application Form for Stock Exchange

4

Angel Funds, Family Investment Funds

pavan.shah@ifsca.gov.in

1. Application form for Angel Funds, Family Investment Funds

5

Fund Management Entities (FME), Funds, Pension

mihir.upadhyay@ifsca.gov.in

1. Application form for FME Registration.

2. Scheme application form for registration of scheme or fund of registered FMEs

6

Banking Regulation

supriyo.b@ifsca.gov.in

1. Banking Handbook

7

Fintech

joseph.joshy@ifsca.gov.in

1. Application Form for Authorization

2. Application Form for Innovation and Regulatory Sandbox

3. Grant Application Form for FinTech Entities

4. Grants Application Form -accelerators

8

Finance Company, Aircraft Leasing and Ship Leasing

riddhi.bhandari@ifsca.gov.in

1. Application Form for registration of Finance Company/Unit

2. Simplified Application Form for Finance Company

3. Application Form for ITFS

4. Application Form for sharing of office space or manpower or both by an aircraft lease entity in IFSC

9

Ancillary, Global In-house Centres and Foreign University

sathyaraj.cm@ifsca.gov.in

1. Application Form -Ancillary Services

10

Insurance

bhaskar.khadakbhavi@ifsca.gov.in

1. Application Form for registration as IFSC Insurance Intermediary Office (IIIO)

A. Form A - Setting up in an incorporated form

B. Form B - Setting up in an unincorporated form

2. Application Form for registration as IFSC Insurance Office (IIO)

A. Form A - Setting up in an unincorporated form - Application by Indian (re)insurer

B. Form B - Setting up in an unincorporated form - Application by Foreign (re)insurer

C. Form C - Setting up in an unincorporated form - Joint Application by MGA and Foreign (re)insurer

D. Form D - Setting up in an incorporated form

3. Application Forms for registration as Insurance Web Aggregator (IWA)

A. Schedule 1 - Form A - Setting up in an incorporated form

B. Schedule 1 - Form B - Setting up in an unincorporated form

C. Schedule 4 - Application for Renewal of Certificate of Registration of IWA

11

Metals and Commodities

ramaneesh.goyal@ifsca.gov.in

1. Application for recognition/ renewal of recognition of a Bullion Exchange

2. Application for recognition/ renewal of recognition of a Bullion Clearing Corporation

3. Application Form for registration of Bullion Trading Member/Bullion Clearing Member

The applicant can thereafter submit the final application to IFSCA at applications@ifsca.gov.in All applicants are required to clearly mention the business vertical for which the application is being submitted. The application email shall also be copied to the relevant division as per the details provided in the table in para 3 above. For example, the entity making an application for a banking license shall mention the subject of the email as Application_Banking_IFSC_Name of the entity.

  1. Upon successful submission of application, the concerned regulatory team shall reach out to the applicants for any further queries they may have based on the application submitted within 7 working days. If there are difficulties, the applicant can reach out to the Chairperson at chairperson@ifsca.gov.in IFSCA will strive to take a final decision on all applications within 45 days.
  2. The applicants are advised to refer to the relevant regulations/ guidelines / circulars issued by IFSCA before making an application and thereafter from time to time to keep themselves updated with the latest regulatory frameworks (Acts, Rules, Regulations, Frameworks, Notification, Circulars) applicable in the IFSC. Frequently Asked Questions (FAQs) and answers thereof are also listed under the “Legal” section of the website.
  3. For information on the applicable fee structure, kindly refer to the Fee circular issued by IFSCA.
  4. The process flow for setting up business at GIFT IFSC is as follows:

For entities proposing to incorporate in IFSC (Companies / LLP)

For entities proposing to setup as a Branch(of a Company / LLP) in IFSC