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IFSC Business

  • Submission of Interest Letter/Mail to Co-developer by the organization for taking up space in GIFT SEZ for setting up unit in GIFT SEZ-IFSC.

  • Co-developer will give the Proposal to the applying organization for taking up space in incubation facility in GIFT SEZ.

  • The organization to provide the confirmation/acceptance for the Proposal sent by Co-developer.

  • Post confirmation, Co-developer will issue Provisional Letter of Allotment (PLOA) to the organization for providing office space for setting up IFSC Unit in GIFT SEZ.

  • Organization to submit application on line through NSDL PORTAL in (Form-F) to Development Commissioner, KASEZ for taking approval for setting up IFSC Units in GIFT SEZ and submit the hard copy of the documents in one set. The one set of the Documents needs to be submitted to the Developer.

  • On approvals from DC, KASEZ, the SEZ units have to complete SEZ compliances as per the SEZ rules 2006 and the conditions mentioned in the respective LOA issued by the office of the Development Commissioner, KASEZ & apply for issuance of Eligibility Certificate for availing exemption.

  • Simultaneously, application to the concerned Regulator IFSCA for required license to operate as IFSC Unit in GIFT SEZ under the applicable regulations for banking/capital market /insurance.

  • SEZ units have to obtain the Import Export Code (IEC code)

  • Approved units have to complete the necessary Registration formalities with the concerned authorities like GST, EPCES, NSDL etc. for availing exemptions of taxes and Duties.

  • The approved Units shall have to execute lease deed with the Co –developer as the case may be for the allotted space and submit a copy to DC office within six months from issuance of LOA.