IFSCA Revises Fee Structure for GIFT IFSC Entities, Effective Immediately

The International Financial Services Centres Authority (IFSCA) has issued a revised fee circular, effective April 8, 2025, outlining updated fee structures for a variety of entities operating or intending to operate within the GIFT IFSC. These changes impact various regulatory frameworks and aim to align with the evolving landscape of financial services in the IFSC.

Several key frameworks have seen revisions in their annual recurring fees:

• FinTech Entities: The recurring fees for FinTech entities are now linked to their annual revenues, ranging from Nil to USD 10,000. This revenue-based fee structure likely aims to provide a more scalable and equitable approach to fees for these innovative companies.
• Ancillary Service Providers: The flat annual recurring fee for Ancillary Service Providers has been revised from USD 1,000 to USD 1,500.
• Global/Regional Corporate Treasury Centres (GRCTCs): The flat annual recurring fee for GRCTCs has been revised from USD 12,500 to USD 25,000. This increase aligns with the enhanced regulatory oversight and benefits associated with operating as a GRCTC in the IFSC.

A notable point of discussion arising from the circular is its “effective immediately” clause, dated April 8, 2025. This raises questions about whether the revised fees will apply to annual payments for the financial year 2024-25, which are typically due by April 30, 2025. This immediate implementation could have implications for entities that had budgeted based on the previous fee structure for the current financial year.

The revised fee structure is a critical update for all entities in GIFT IFSC, requiring careful review to understand the impact on their operational costs.

Link to circular: https://ifsca.gov.in/Viewer?Path=Document%2FLegal%2Fifsca-fee-circular-08apr202508042025073502.pdf&Title=Fee%20structure%20for%20the%20entities%20undertaking%20or%20intending%20to%20undertake%20permissible%20activities%20in%20IFSC%20or%20seeking%20guidance%20under%20the%20Informal%20Guidance%20Scheme&Date=08%2F04%2F2025

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Priya Kapasi Shah

Associate Partner | Tax & Regulatory | [email protected]

Heads Treelife’s Financial Advisory practice, specializing in investment structuring, cross-border transactions, and tax and regulatory advisory. Also leads on AIF setups and advisory services for GIFT IFSC.