Tax BenefitMinistry of Finance, Government of IndiaVerified 21 May 2026Official source

GIFT City IFSC — Fintech and IT Tax Holiday

The GIFT City IFSC Fintech and IT Tax Holiday offers a 100% corporate tax exemption for specific periods and financial grants for fintechs under the IFSCA. The scheme targets fintech startups for development within the GIFT City zone.

Maximum amount

₹75.0L

Typical payout

₹30.0L

Processing time

4–13 weeks

Application window

Open year-round

Check if your startup qualifies for GIFT City IFSC — Fintech and IT Tax Holiday

Answer a few questions about your company and get a free, personalised eligibility report across all active government schemes — including GIFT IFSC.

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Eligibility criteria

Company type: Private Limited, LLP
Stage: Early Stage (Revenue < ₹1Cr), Growth Stage (₹1Cr–₹25Cr), Scaling (₹25Cr+)
States: Gujarat
Sectors: fintech, saas, ai, deep_tech, ites

Documents required

Certificate of Incorporation, Memorandum of Association (MoA), and Articles of Association (AoA)

These documents establish the legal identity of the company and the rules governing its internal management. They are mandatory for participation in the scheme.

Tip: Ensure that these documents are up to date and reflect the current status of the company.

Valid IFSCA Registration or Authorisation Certificate as a FinTech Entity (FE)

This certificate authorizes the entity to operate as a FinTech within the IFSCA jurisdiction. It is mandatory to demonstrate regulatory compliance.

Tip: Registration can be completed through the IFSCA portal; ensure all necessary documents are prepared ahead of submission.

Detailed Project Report (DPR)

A comprehensive document outlining the technological architecture, business plan, and target market. Mandatory for all applicants.

Tip: Include clear, detailed descriptions and justifications for each aspect of the project to enhance the application's chances of approval.

Audited financial statements or net worth certificates of promoters

These documents verify the financial stability and net worth of the company's promoters. Mandatory for evaluation by the IFSCA authority.

Tip: Ensure that a qualified auditor has prepared the financials recently and accurately.

"Fit and Proper" declaration forms

Signed declarations by directors and promoters attesting to their suitability for leading a FinTech entity.

Tip: Ensure all directors and promoters provide signatures as required on the declaration forms.

Valid startup registration certificate from the DPIIT Portal

Required only if seeking domestic startup category benefits. Must demonstrate the startup status under DPIIT.

Tip: Apply for DPIIT recognition if not already done to avail specific benefits for startups.

Proof of milestone completion, commercial invoices, and project expense receipts

Required prior to disbursement to verify project progress and incurred expenses.

Tip: Maintain thorough records and evidence of all project milestones and related expenses.

Recommendation or reference letter from a counterpart regulator

Needed if the entity is part of an active FinTech Bridge arrangement. Provides a basis for credibility and collaboration.

Tip: Seek a commitment from a relevant regulatory body or partner to provide a recommendation letter.

How to apply for GIFT IFSC

Obtain corporate incorporation or branch set-up clearance inside the GIFT SEZ/IFSC zone.Open portal

Fill out the Incentive Scheme Application Form (Annexure-1) on the portal.Open portal

Remit the non-refundable processing application fee of USD 100 to the authority.

Frequently asked questions

Who is eligible for GIFT IFSC?

GIFT IFSC is available to Private Limited, LLP companies at the Early Stage (Revenue < ₹1Cr), Growth Stage (₹1Cr–₹25Cr), Scaling (₹25Cr+) stage, across Gujarat.

How much funding does GIFT IFSC provide?

GIFT IFSC provides up to ₹75.0L. Most applicants receive around ₹30.0L.

How long does GIFT IFSC approval take?

The typical processing time from submission to disbursement is 4–13 weeks.

Is GIFT IFSC currently accepting applications?

Yes, GIFT IFSC is currently active and accepting applications. Application window: Open year-round.

Ready to apply for GIFT City IFSC — Fintech and IT Tax Holiday?

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Information is based on publicly available scheme guidelines. Last verified 21 May 2026. Always verify with official sources before applying.