search
search
Home > News > ๐๐จ๐จ๐ค-๐ค๐ž๐ž๐ฉ๐ข๐ง๐ , ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ , ๐“๐š๐ฑ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐‚๐ซ๐ข๐ฆ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ (๐๐€๐“๐…) ๐‘๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ

๐๐จ๐จ๐ค-๐ค๐ž๐ž๐ฉ๐ข๐ง๐ , ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ , ๐“๐š๐ฑ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐‚๐ซ๐ข๐ฆ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ (๐๐€๐“๐…) ๐‘๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ

Latest Posts

Reports

Get in touch with us

    The International Financial Services Centres Authority (IFSCA) has recently rolled out the ๐๐จ๐จ๐ค-๐ค๐ž๐ž๐ฉ๐ข๐ง๐ , ๐€๐œ๐œ๐จ๐ฎ๐ง๐ญ๐ข๐ง๐ , ๐“๐š๐ฑ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐…๐ข๐ง๐š๐ง๐œ๐ข๐š๐ฅ ๐‚๐ซ๐ข๐ฆ๐ž ๐‚๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž ๐’๐ž๐ซ๐ฏ๐ข๐œ๐ž๐ฌ (๐๐€๐“๐…) ๐‘๐ž๐ ๐ฎ๐ฅ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐‰๐ฎ๐ง๐ž 2024. We are thrilled to share a snapshot of the permissible activities and essential considerations to keep in mind before setting up a BATF unit.

    Permissible Activities

    Book-keeping Services

    • Inclusion: Classify and record transactions, including payroll ledgers in books of account
    • Exclusion: Does not include payroll management and taxation services

    Accounting Services (excluding audit)

    • Inclusion: Review, compilation, preparation, and analysis of financial statements
    • Exclusion: Audit; Review and compilation without any assurance and attestation

    Taxation Services

    • Offer tax consultation, preparation, and planning
    • Advise on all forms of direct and indirect taxes
    • Prepare and file various tax returns

    Financial Crime Compliance Services

    • Render compliance services of AML/CFT measures, FATF recommendations, and related activities

    Additional Requirements

    • Legal Form: Company or LLP
    • Service Recipient: Non-resident and does not reside in a high-risk jurisdiction identified by FATF.*
    • Minimum Office Space Criteria: 60 sq. ft. per employee

    *Please refer to the list of High-Risk Jurisdictions โ€“ February 2024.

    Related posts:

    1. The Union Budget 2023: Macro Economic Highlights
    2. Deciphering the Supereme Courtโ€™s verdict on Most Favoured Nation (MFN) clause
    3. Regulatory Update from IFSCA (International Financial Services Centres Authority)
    4. IFSCA releases consultation paper seeking comments on draft circular on “Principles to mitigate the Risk of Greenwashing in ESG labelled debt securities in the IFSC”
    About the Author

    We Are Problem Solvers. And Take Accountability.

    TALK TO OUR EXPERTS

    Related Posts

    Whatโ€™s in a Name? – A Short Guide on Selecting the Right Name for Your Company
    Whatโ€™s in a Name? – A Short Guide on Selecting the Right Name for Your Company

    Reserving a name is the first step in the Incorporation process of a Company, allowing entrepreneurs to search for and...

    Learn MoreLearn More
    IFSC notifies updated FME Regulations
    IFSC notifies updated FME Regulations

    The International Financial Services Centres Authority (IFSCA) on 19 February 2025, has notified the updated IFSCA (Fund Management) Regulations, 2022....

    Learn MoreLearn More
    Clarification on usage of SNRR Accounts for IFSC units
    Clarification on usage of SNRR Accounts for IFSC units

    IFSCA has amended the circular on permissible transactions through Special Non-Resident Rupee (SNRR) accounts to bring much-needed regulatory clarity and...

    Learn MoreLearn More
    See More

    ยฉ 2025 Treelife Ventures Services Private Limited. All Rights Reserved.