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Ancillary Services at IFSC
The lightest IFSCA framework. No minimum capital. Twenty-eight permissible activity heads under the First Schedule. Fees USD 1,000 + 1,000 + 1,000 per registered activity. Section 80LA tax holiday on FCY-billed revenue. Express carve-in for traditional partnership firms of CAs / CSs / Advocates under Reg 5(1) proviso of the 2025 TAS Regulations.
Ancillary Services — The Practitioner's Booklet
A treatise-grade working reference on the licensing, capital, conduct-of-business and tax framework for Ancillary Services at GIFT IFSC — every conclusion anchored in verbatim statutory and regulatory text.
The case for Ancillary Services — before the rulebook.
GIFT IFSC competes head-on with Singapore, Dubai and Mauritius — on tax, on currency, and on access to India. Here is what actually moves the decision, before the regulatory detail below.
A 20-year tax holiday
100% deduction on business income for any 20 consecutive years in a 25-year block under Section 147 of the Income-tax Act 2025 (Finance Act 2026), then a 15% concessional rate. MAT capped at 9%.
US-dollar, offshore by law
An IFSC unit is treated as a person resident outside India under FEMA — raise, hold and transact in USD / EUR / GBP, with full foreign-currency freedom and no rupee-conversion drag.
100% foreign & NRI capital
Foreign and NRI investors can hold up to 100% — without the aggregate ownership caps that constrain comparable onshore vehicles.
An on-ramp to India
Unlike a purely offshore hub, GIFT IFSC sits on Indian soil and aligns with national policy — an offshore base that is also a door into one of the world's largest growth markets.
Zero STT, CTT & stamp duty
IFSC-exchange transactions are free of Securities and Commodity Transaction Tax and stamp duty; services rendered by IFSC units are zero-rated for GST.
One regulator, India's rule of law
A single unified regulator (IFSCA) under the IFSCA Act 2019, an independent judiciary, and a treaty-anchored legal order — certainty, not just headline rates.
The opportunity is real, but every benefit carries a condition — and that is where counsel at the threshold earns its place.
The framework — at a glance
Ancillary Service Pathway Selector
Map your service category, founder type, mode and target market to the applicable IFSCA regime, professional-body clearance, tax positioning and AML calibration.
IFSCA Framework for Enabling Ancillary Services (10 Feb 2021); IFSCA (TechFin and Ancillary Services) Regulations 2025 (8 Jul 2025); BATF Regulations 2024 (6 Jun 2024). Indicative only — not legal advice.
Related reading
- Booklet XVII — Ancillary Services at IFSC (PDF, May 2026) · Full Firm handbook on the 2021 Framework + 2025 TAS Regulations.
- BATF Services · The separate IFSCA (BATF) Regulations 2024 carve-out for substantial book-keeping / accounting / taxation / financial-crime-compliance work.
- FinTech Entity · TechFin services sit in Second Schedule of the same 2025 TAS Regulations.
- Resources page · IFSCA Ancillary Framework, TAS Regulations 2025, BATF Regulations 2024, ICAI / ICSI / BCI rules.
Talk to Bhatt & Joshi about your IFSC ancillary services registration