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Are you Looking to establish a corporate treasury with a GRCTC in GIFT City? Enterslice ensures hassle-free GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City with expert guidance and 100% compliance support.
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Are you looking for an expert to assist with GRCTC (Global/Regional Corporate Treasury Centre) setup in Gift City in order to manage your company's financial flows across key markets with enhanced efficiency? We at Enterslice are equipped with experts who deal with GRCTC Setup Services in GIFT City, assisting interested companies to establish both global/regional corporate treasury centres in GIFT City.
It allows companies to consolidate treasury functions under a single jurisdiction, providing greater visibility, streamlined decision-making, and improved risk management, thus helping them navigate the complexities of global finance. While it is governed by the IFSCA, it functions as an in-house bank for multinational corporations (MNCs) to manage global financial activities from a centralized hub.
The main objective of IFSCA (International Financial Services Centres Authority) is to serve as a dominant gateway for channelizing global capital for Viksit Bharat@2047. This includes onshore financial services business from offshore centres such as Singapore, Hong Kong, Dubai, London, etc. Further, IFSCA consolidates the powers of RBI, SEBI, IRDAI and PFRDA to provide a single window unified regulator. Connect with the team of Enterslice for end-to-end assistance in the GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City.
Covering Asia, the Middle East & Europe Time Zones
Costs Up to 70% Lower than Singapore & Dubai
100% Managed GRCTC Setup Support
Single-window Clearance by IFSCA
Financial Consulting & Risk Management
Approval from IFSCA (Mandatory)
With the help of Enterslice expert-led support for GRCTC setup in Gift City, you can streamline your global treasury, enjoy strategic tax benefits, and ensure full regulatory compliance in GIFT City.
As per the revised Framework for Global/Regional Corporate Treasury Centres (GRCTC) on April 4, 2025, replacing the earlier framework, the said regulatory framework for GRCTC setup in GIFT city is mentioned below:
The applicant should be a company or a branch of a company incorporated in India or outside India, and they are required to set up in IFSC under the IFSCA (Finance Company) Regulations, 2021.
Applicant shall have and maintain a minimum owned fund of USD 0.2 million at all times, while Finance Unit undertakes the activity of GRCTC, the required owned fund may be maintained at the parent level.
Applicants should meet the fit and proper criteria as specified in the framework at all times.
Finance companies or units engaged in GRCTC activities must use Specified Foreign Currencies for transactions within an International Financial Services Centre (IFSC). Outside the IFSC, they may deal in other currencies and are permitted to open a Special Non-Resident Rupee (SNRR) account with an authorized dealer in India for such external business transactions.
A Finance Company/Unit engaged in GRCTC activities may provide permitted services to its own Group Entities, the Parent's Group Entities, or their branches (collectively "Service Recipients"), who may be resident in India or abroad as per FEMA, 1999.
The applicant must have a Board-approved policy on corporate governance, risk management, and permissible activities, covering roles, risk controls, approval processes, financial limits and oversight mechanisms. These policies need to be reviewed by the board.
In case of any change in such policies (20% or more), prior approval is needed from the concerned authority. On the other hand, for a finance unit, any changes in its parent must comply with registration conditions and be reported to the Authority within 15 days.
Have a look at the significant factors and GIFT IFSC advantage pertaining to GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City:
The list of benefits of GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City is as follows:
It facilitates tangible operational advantages such as consolidated fund management across subsidiaries and jurisdictions, the ability to pool and invest in foreign currency, enhancing returns and flexibility.
It provides cash netting and liquidity visibility across global subsidiaries, along with tax incentives from both home and host jurisdictions. It is one of the benefits of GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City.
GIFT IFSC offers one of the most tax-efficient regimes globally, like 100% income tax exemption for 10 consecutive years out of 15, MAT/AMT capped at 9% and MAT not applicable if the company opts for the new concessional regime. Overall, IFSC-based treasuries' costs are tax-neutral for multinational groups managing global liquidity.
It also offers a favourable indirect tax regime, like no GST on services rendered to offshore clients, IFSC units or SEZ entities, no GST on input services received by IFSC treasury units. Also, GST applies to services provided to the Domestic Tariff Area (DTA) or onshore India.
GIFT City offers a 30 to 40% lower cost base than global treasury hubs, thereby reducing real estate, compliance, and workforce costs. It has a unified compliance under IFSCA, which reduces administrative burden.
It also provides a world-class infrastructure comparable to Singapore and Hong Kong at a fraction of the cost. It is one of the significant merits of GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City.
Since India produces over 2.5 million commerce and finance graduates annually. This talent pool gives corporates a competitive edge in treasury operations, risk management and cross-border finance.
A GIFT Cityโs time zone offers natural synergy with major markets with a regional coverage across APAC, MENA and Africa. It also overlaps with Asia, the Middle East and Europe's business hours.
The IFSC ecosystem is also expanding to include trade credit and freight insurance players, which is essential for treasury efficiency. It also enables supply chain financing and offers competitive rates. Further, it strengthens Indiaโs trade finance backbone, allowing treasuries to integrate insurance and liquidity seamlessly.
The two structures for the (Global/Regional Corporate Treasury Centre) Setup in GIFT City are as follows:
A finance company is a newly incorporated legal entity in GIFT IFSC. It can be a subsidiary or joint venture (JV) of either a domestic or foreign parent company. It is best suited for multinational companies that require complete operational autonomy and dedicated capital deployment.
A finance unit is a branch of an existing foreign finance company operating under an IFSC license. This structure is best suited for global corporations seeking faster entry and leveraging existing infrastructure.
The step-by-step process to apply for GRCTC setup in GIFT City is as follows:
First and foremost, the applicant needs to define the GRCTC model and decide whether to operate as a Finance company like subsidiary or joint venture or as a Finance Unit which functions as a branch of the parent company. Additionally, applicants also need to map out the treasury activities they plan to undertake, and a concise business plan should also be drafted.
Secondly, the applicant company needs to identify and secure an office space within the GIFT Special Economic Zone (SEZ), either on lease or Letter of Intent (LOI), as well as prepare all the necessary documents to be submitted with the application.
After obtaining a Letter of Approval (LOA), the company must create an account on IFSCAโs SWIT portal and file the GRCTC application as per the Finance Company Regulations, 2021. Thereafter, the application should be submitted along with all the required supporting documents.
In this stage, the company must ensure to fulfil the entry conditions like meeting the minimum owned fund of USD 0.2 million, having at least 5(five) on-ground staff in the IFSC, including a Head of Treasury and Compliance Officer, and adequate infrastructure like treasury platforms, connectivity, information security and systems for audit and monitoring.
In case of any clarifications or requests sought by IFSCA for additional information, the applicant company must respond immediately to avoid any discrepancies. Also, the list of service recipients must be updated throughout the application process. In general, IFSCA may first grant provisional approval, followed by the final Certificate of Registration once all compliance conditions are fully satisfied.
Post registration, the applicant company must operationalize banking and currency mechanisms by opening operating accounts in freely convertible foreign currencies with IFSC banks.
Applicant company must also obtain Board-approved policies covering corporate governance, risk management, dealing limits, Anti-money laundering (AML)/Combating the Financing of Terrorism (CFT)/Know Your Customer (KYC), business continuity planning, and outsourcing controls. Ensure that these policies are aligned with IFSCAโs August 2021 Corporate Governance and Disclosure Requirements.
Lastly, the applicant company should commence its operations within six months of IFSC registration. In case extensions are required, they must be obtained accordingly.
Launch Your GRCTC in GIFT City Without Delays, Rejections, or Compliance Gaps.
The list of documents for GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City is as follows:
Certificate of Incorporation
Memorandum of Association (MOA) and Articles of Association (AOA)
Board Resolution approving the GRCTC setup and authorizing signatories
Group structure and shareholding pattern
Details of ultimate beneficial owners (UBOs)
Proof of minimum owned funds (USD 0.2 million)
Detailed business plan / project report
List of eligible group service recipient entities
Office space lease deed or Letter of Intent in GIFT SEZ
Corporate governance and internal policies (treasury, risk management, AML/CFT, KYC, BCP/DR)
Organisational chart and details of key management personnel (Head of Treasury, Compliance Officer)
SEZ Letter of Approval (LOA)
IFSCA application form and regulatory declarations
Banking and account opening documents
Audited financial statements of the parent or applicant entity
The list of companies eligible for the GRCTC setup services in GIFT City is as follows:
The RTCs (Regional Treasury Centre) are increasingly popular among the emerging and frontier markets, especially where business expansion is rapidly growing, while regulatory, FX, and banking environments vary country to country, as mentioned below:
The role of technology in GRCTC setup in GIFT city is as follows:s
The list of permissible activities under the GRCTC framework for GRCTC (Global/Regional)
Corporate Treasury Centre) Setup in GIFT City is as follows:
Permissible Treasury Services in Gift City
Why Manage Global Liquidity from Multiple Jurisdictions When One IFSC Can Do It All?
The difference between Regional Treasury Centre (RTC) and Global Treasury Centre (GTC) is as follows:
With GRCTC setup in GIFT City, improve treasury response time by 30%+ across global markets.
With extensive experience in regulatory compliance, corporate structuring, and special economic zones, Enterslice provides end-to-end expertise for GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City. We are India’s leading Gift City consulting firm. From NBFC registration in GIFT City to AIF registration in GIFT City and FIFs registration, we provide complete guidance.
Our GRCTC Setup Services in GIFT City are designed to simplify approvals, ensure regulatory compliance, and enable a smooth operational launch within Indiaโs premier IFSC.
Corporates prefer GIFT IFSC for treasury centres for various reasons like regulatory clarity & global standard, highly competitive tax regime driving cost savings, proximity to Indiaโs economy, cost arbitrage, etc.
Minimum USD 0.2 million is required for a GRCTC (Global/Regional Corporate Treasury Centre) Setup in GIFT City.
In order to set up a treasury in GIFT IFSC, you need to fulfil the following conditions, such as a minimum net owned fund of USD 0.2 million for GRCTC, a minimum of 5 on-ground staff in IFSC, including the head of treasury and compliance officer. Lastly, a suitable infrastructure like treasury platforms, connectivity, information security, audit & monitoring.
The different types of cash pooling a GRCTC undertakes are physical cash pooling, notional cash pooling and cross-currency cash pooling.
A GIFT treasury centre, or GRCTC, is also known as Global/Regional Corporate Treasury Centre, or GRCTC, and is a finance company or a finance unit located in the GIFT IFSC that acts as an internal (in-house) treasury hub for its group entities. Further, it handles treasury functions like liquidity and cash management, intra-group funding, hedging, risk management, investments and other financial operations.
No, Treasury centres in GIFT IFSC operate in foreign currency only. While Indian rupees are only permitted for limited administrative expenses.
The GRCTC setup in GIFT City involves selecting the operating model, preparing a business plan, and securing office space in the GIFT SEZ. The applicant then files the GRCTC application on IFSCAโs SWIT portal, meets entry conditions related to capital, staffing, and infrastructure, and responds to any regulatory queries. Upon receiving provisional and final registration, the entity operationalizes foreign currency banking, finalizes internal policies, and commences operations within the prescribed timeline while ensuring ongoing compliance.
As per the revised GRCTC Framework dated April 4, 2025, entities incorporated in India or abroad may set up a GRCTC in GIFT City as a finance company or unit under IFSCA regulations. The applicant must maintain a minimum owned fund of USD 0.2 million, meet fit and proper criteria, transact in specified foreign currencies within the IFSC, and provide services to group entities in line with FEMA, 1999. Board-approved governance and risk management policies are mandatory for treasury hub setup in GIFT City, with material changes requiring regulatory approval or reporting.
Setting up a GRCTC in GIFT City offers centralized treasury operations, enhanced liquidity, and cash management across subsidiaries. It provides a highly tax-efficient regime, GST benefits for offshore services, and 30โ40% lower operational costs with world-class infrastructure. Corporates gain access to Indiaโs skilled finance talent, a strategic time zone covering major markets, and a growing trade credit and insurance ecosystem for efficient treasury and supply chain financing.
The list of companies eligible for GRCTC setup in GIFT city includes multinational corporations (MNCs) with overseas and Indian subsidiaries, large Indian corporates, financial institutions, and companies that are engaged in cross-border trade.
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