IFSCA Issues FAQs on GIC Regulations 2025

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  • Last Updated on 15 April, 2026

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IFSCA GIC Regulations 2025 FAQs

IFSC FAQs dated 13.04.2026

The International Financial Services Centres Authority (IFSCA) has released Frequently Asked Questions (FAQs) on the IFSCA (Global In-house Centres) Regulations, 2025, providing clarity on the regulatory framework governing GIC Units in IFSCs.

1. What is a GIC Unit?

A Global In-house Centre (GIC) Unit refers to:

  • A unit established in an IFSC
  • Providing services related to:
    1. Financial products
    2. Financial services
  • Serving a Financial Institution Group under permitted operating models

2. Eligibility to Set Up GIC Units

Entities qualifying as a Financial Institution Group are eligible to apply for setting up a GIC Unit in IFSC

3. Permissible Structures

A GIC Unit can be established as:

  • A company in IFSC
  • A Limited Liability Partnership (LLP) in IFSC
  • A branch of an entity incorporated outside IFSC

4. Application Process

  • Applications must be submitted through the Single Window IT System (SWIT)
  • The Authority may grant in-principle approval, subject to compliance with specified conditions

5. Conditions and Timelines

  • Applicants must fulfil prescribed conditions within specified timelines
  • Final approval is contingent upon compliance with all regulatory requirements

6. Conclusion

The FAQs provide much-needed clarity and operational guidance for entities looking to establish GIC Units in IFSC, supporting the development of a structured, transparent, and globally competitive financial services ecosystem.

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Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied