Latest News for: Offshore gifts

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Budget 2023: GIFT City gaining momentum for Investment Funds courtesy favorable tax and regulatory regime

Financial Express 27 Jan 2023
The Government has taken various steps to make GIFT City a global hub for financial services by introducing various tax and regulatory incentives to enable offshore Fund Managers to set up units in the GIFT City ... In order to create a tax regime which is attractive to offshore ...
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NA leader pays pre-Tết visit to fishermen, needy people in Quảng Bình

Vietnam News 08 Jan 2023
The central province boasts Việt Nam's third largest offshore fishing fleet ... At the Cửa Phú Port in Đồng Hới City’s Bảo Ninh Commune, the top legislator presented 50 Tết gifts for local fishermen. The central province boasts Việt Nam's third largest offshore fishing fleet.
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Nifty futures trading up to mid-night under evaluation

Business Line 24 Dec 2022
That said, the current government is keen to bring Nifty volumes back to India, for which it even created an offshore platform called GIFT City at Gandhinagar, which gave enticing tax breaks. Yet, the GIFT platform has failed to pick-up and hence extension of trading hours is a bait that many want to try, sources said ... ....
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IFSCA, CEEW sign agreement to cooperate on sustainable finance

Beijing News 22 Dec 2022
New Delhi , December 22 (ANI) ... India recently launched Mission LiFE (Lifestyle for the Environment) as an India-led global movement to protect and preserve the environment ... GIFT-IFSC, an offshore jurisdiction within India, is emerging as a global hub for sustainable finance ... (ANI) ....
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Startups look to Budget for tax neutrality on outbound mergers

Financial Express 16 Dec 2022
“With the relaxation in the new overseas investment regulations, it is likely that many Indian founders may look at creating an offshore holding-cum-operating structure ... While REITs and InvITs are one set of examples, migration of offshore funds to GIFT City on a tax neutral basis is another example,” said Badala.
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Budget 2023 may take up GIFT City AIFs' tax snags

The Times of India 12 Dec 2022
In this context, it was suggested that the Securities Contracts (Regulation) Act should be modified to include offshore derivative instruments under the definition of 'securities,' and their issuance by funds in GIFT City. "Transfers of offshore derivative instruments in GIFT IFSC have been spared taxation.
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Petronas revives on-off Brunei ultra-deepwater development

Upstream Online 09 Dec 2022
Malaysia’s national upstream company Petronas Carigali is offering the offshore industry a seasonal gift with the potential reboot of the Kelidang ultra-deepwater field development offshore Brunei Darussalam ... .
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India's Gift City may bring in variable capital companies

The Times of India 09 Dec 2022
... Gujarat International Finance Tec-City (GIFT City) ... "The consideration to introduce the VCC regime in IFSC is another welcome move from IFSCA and would further augment its 'onshoring the offshore' concept in IFSC GIFT City," said Paresh Kubadiya, director, Grant Thornton Bharat.
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GIFT City: India's free-market oasis aims to take on Singapore and Dubai

The Times of India 29 Nov 2022
Rules are being tweaked to encourage Indian companies to lease ships and aircraft through GIFT City rather than on foreign shores ... But within GIFT City most of these rules don't apply, enabling onshore trading in key currency derivatives contracts, which can counteract some of the effects that offshore trades have on the rupee exchange rate.
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Modi’s GIFT city aims to take on Singapore, Dubai; Tax holidays, other exemptions drawing businesses

Financial Express 29 Nov 2022
Its full name is Gujarat International Finance ­Tec-­City, but it’s more commonly known as GIFT City ... But within GIFT City most of these rules don’t apply, enabling onshore trading in key currency derivatives contracts, which can counteract some of the effects that offshore trades have on the rupee exchange rate.
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GIFT IFSC may become new mecca for family offices

Financial Express 08 Nov 2022
GIFT IFSC specifically permits family offices to pool money as a Family Investment Fund, or FIF, under the FME regulations, which came into force in August this year ... It is easier to establish presence and substance at GIFT to mitigate any POEM (place of effective management) or permanent establishment risks associated with offshore set ups.
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Offshore Patrol Vessel Gifted By US Arrives In Sri Lanka

MENA FN 02 Nov 2022
(MENAFN - Colombo Gazette) An offshore patrol vessel gifted by the United States (US) arrived in Sri Lanka today. The ex-United States Coast Guard Cutter, USCGC Douglas Munro began its journey ... .
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US road show to market IFSC on global stage

Financial Express 01 Nov 2022
Indian fund managers may increasingly see GIFT IFSC as an alternative for feeder or offshore structures as it provides a competitive tax and regulatory framework ... “The norms for relocation of offshore funds have been eased and this may encourage several existing funds in jurisdiction, such as Mauritius and Singapore, to look at GIFT IFSC.
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Liz Truss and the Collapse of the British Pound Sterling. Hyperinflation Looming

GlobalResearch 26 Sep 2022
Truss will now dutifully lift the UK’s fracking ban as a gift to gas companies, and increase North Sea drilling leases as a gift to oil companies while renewing a focus on accelerating offshore wind farms as a gift to green companies ... Now, Charles III will be gifted, also, the realm.
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Liz Truss and Britain’s 0.17% Democracy (Monocracy), by Brett Redmayne-Titley

The Unz Review 23 Sep 2022
Truss will now dutifully lift the UK’s fracking ban as a gift to gas companies, and increase North Sea drilling leases as a gift to oil companies while renewing a focus on accelerating offshore wind farms as a gift to green companies ... Now, Charles III will be gifted, also, the realm.

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