Indian family offices weigh Gift City to invest overseas
Mint Mumbai|May 19, 2023
Some of India’s leading family offices are exploring the option of setting up shop at the International Financial Services Centre (IFSC) or Gift City as the Reserve Bank of India (RBI) tightens scrutiny of overseas direct investments (ODI). ODI is a route available for Indian non-individuals to send money overseas.
- Pavan Burugula
Indian family offices weigh Gift City to invest overseas

Freedom to invest across asset classes, including overseas real estate, along with low compliance costs and numerous tax benefits, are prompting family offices to look towards Gift City, market participants said. Also, family offices based in Gift City are allowed to make leveraged investments.

Family offices are investment managers set up by ultra-wealthy individuals to invest and manage personal wealth. They typically work like any asset management company or money manager—the only difference is family offices have just one individual or a family as its investors.

In the recent past, RBI raised concerns over some entities that were buying foreign real estate through ODI. Similar reservations have been expressed in the context of Indian entities buying less than 10% in foreign unlisted startups. These restrictions don't apply to entities based out of Gift City.

この蚘事は Mint Mumbai の May 19, 2023 版に掲茉されおいたす。

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この蚘事は Mint Mumbai の May 19, 2023 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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