India is experiencing a significant influx of foreign and domestic investments, as the government continues to actively work towards making the country an attractive investment destination.
The Government has been forthcoming in considering suggestions from industry experts/ stakeholders in existing regulations/ tax provisions to provide clarity and remove bottlenecks especially in relation to Funds, Financial Services (including GIFT City).
We offer a wide range of services in relation to Financial Services, Funds and FPI Tax Advisory & Compliance, including:
- Tax advisory services in relation to the financial services entities such as Banks, NBFCs, Insurance, Wealth Managers, Investment Advisors, GIFT City entities, AIFs/ REITs/ InvITs (referred to as ‘Funds’);
- Advising on suitable investment structure for setting up Funds and FPIs for investment in India, including jurisdictional analysis and assistance in implementing the identified investment structure;
- Advising on suitable structure for setting up Financial Services entities;
- Advising on whether the Funds/ FPIs are eligible to claim the relevant tax treaty benefits;
- Assisting in preparing the Indian tax chapter of the Private Placement Memorandum (PPM) or a similar document of the Fund/ FPI;
- Advising on the tax implications (including the implications of indirect transfer provisions) in the case of reorganizations undertaken outside India;
- Determining the eligibility criteria for registration as an FPI and assistance in obtaining the registration by liaising with the Designated Depository Participant;
- Advising on outbound investments;
- Assistance in setting-up Funds;
- Assistance in setting-up GIFT City entities;
- Assisting in preparing the Indian tax chapter of the Private Placement Memorandum (PPM) or a similar document of the Fund/ FPI;
- Providing on-going tax compliance services which, inter alia, include issuing tax certificates for remittance of funds outside India, income-tax return, tax litigation assistance, including representation services.
