Amicorp Trustees India Pte. Ltd. - Gandhinagar Branch

Our office in Gujarat International Finance Tec-City (“GIFT City”) provides administrative support for fund managers, institutional investors, and family offices looking to direct investments through India’s first and only International Financial Services Center (“IFSC”).

Entities or Alternative Investment Funds (“AIFs”) or Family Investment Funds (“FIFs”) channeling their operations and investments through this Special Economic Zone (“SEZ”) stand to benefit from a stable, regulated business environment, as well as qualifying for special offshore status within India, that comes with a range of benefits for AIFs. They include:

• Direct and indirect tax incentives, including income-tax holidays
• No minimum investment requirement
• Low operating costs
• No limits on outbound investments
• No diversification limits on investments made by AIFs
• Permission to borrow funds and engage in leveraging activities

GIFT City can lay claim to world-class infrastructure, a growing financial ecosystem with a wide range of financial products and is well-connected to global financial hubs. With its own regulatory framework that is designed to attract international financial institutions and investors, it provides a great platform for AIFs looking to access international markets and investors, to diversify their portfolio and reduce exposure to risks associated with operating solely within domestic markets. Its SEZ status allows for the domiciliation of offshore funds in India, making it an excellent location for setting up offshore funds. This can be particularly advantageous for fund managers looking to tap into the Indian market or to attract offshore investors.

How can Amicorp help?

Amicorp has an Ancillary Service Provider license which entitles it to provide a range of Trustee and Fund administration services in GIFT City. Our services include:

• Fund Set up: Executing and Registering Indenture of Trust; executing Investment Management Agreement; processing IFSC, and vetting PPM
• Compliance Services: Managing PAN, TAN, and other registrations for the Trust; filing IFSC Quarterly Compliance Reports; obtaining Annual Compliance Certificate on Fund operations; tax compliance
• Accounting: Recording Fund transactions; preparation of financial statements and monthly Management Information System; preparing unit statements for investors; computation of Net Assets Value (NAV); annual financial audit support; preparation of data for various IFSC filings and other regulatory bodies
• Fund Administration and Operations: Acting as a single-point coordinator between managing partners and different service providers; maintaining Investor Database as prescribed by IFSC, managing Investor Relations desk, sending updated MIS to Institutional Investors; ensuring KYC compliance for the Fund and its investors
• Company Secretarial Duties: Carry out compliance audit as required under SEBI (Investment Advisors) regulations; prepare agenda and minutes for Board and General meetings; monitor Companies Act and Secretarial Standards amendments; prepare, certify and file ROC reporting requirements; monitor Scores Portal, prepare and maintain registers

Amicorp provides a single source solution for all fund administrative activities for Domestic / IFSC Funds, as well as Global Funds.

To find out more about GIFT City and what Amicorp can offer, please contact the team here

To download our GIFT City information sheet, click here.