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Using GIFT City in NRI Portfolio

Learn about GIFT City Funds, their concepts and how NRIs can use them in their portfolio.

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Using GIFT City in NRI Portfolio

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  1. Using GIFT City in NRI Portfolio A comprehensive guide to banking,investment,and tax advantages for Non-Resident Indians

  2. Currency Options in GIFT CITY Transactions are conducted in freely convertible foreign currencies: MajorCurrencies Benefits Common Myths US Dollar (USD) Lower Cost in Currency Conversion Attracting Global Investors Euro (EUR) No impact of currency fluctuation 100% Repatriation of Funds British Pound (GBP) Single-Window Clearance Japanese Yen (JPY) Canadian Dollar (CAD)

  3. Bank Accounts for NRIs NRO Account For income earned in India NRE Account For foreign earnings deposited in India Foreign Account MaintainedoutsideIndia These pathways lead to comprehensive NRI Banking solutions

  4. KYC Requirements for Individuals Proof of Identity (any one) Proof of Address (any one) BankProof Cancelled Cheque Passport Passport Bank Confirmation Letter National Identity Card National Identity Card Tax ID with photo Driving License Tax ID with photo Driving License Bank Statement Utility Bill

  5. KYC Requirements for Entities Trust Company Partnership/LLP Certificateof Incorporation RegistrationCertificate Registration Certificate Memorandum & Articles Partnership/LLP Deed Trust Deed Board Resolution Partner Resolution Trustee Resolution Shareholding Pattern List of Partners List of Beneficial Owners OVDs of authorized persons OVDs of authorized persons OVDs of authorized persons 2 years' financials 2 years' financials 2 years' financials All entity types also require: Tax ID, Address Proof, Bank Statement/Cancelled Cheque, and FATCA Declaration

  6. Taxation Benefits for Inbound Funds ZeroTaxEnvironment GSTExemption No Goods and Services Tax on financial transactions STT Exemption No Securities Transaction Tax on trades DDT Exemption No Dividend Distribution Tax TDS Exemption NoTaxDeductionatSource Additional benefits: Zero Tax on Income and No Tax Filing requirements

  7. ABC Opportunities Fund FundStructure FundDetails Restricted Scheme (Non-retail) Total Expense Ratio: 1.35% p.a. Open-ended Category III AIF under IFSCA FM Regulations TER of Underlying Master Fund: 0.72% p.a. Minimum Capital Commitment: USD 150,000 Additional Capital Commitment: Above USD 10,000 Minimum Redemption request: USD 10,000 Exit Load: Equivalent to underlying Master Fund (if within 1 year) Subscription, Redemption & Valuation: Daily Financial Year: April to March

  8. XYZ Global Allocation Fund & Outbound Taxation FundStructure Taxation Benefits Restricted Scheme (Non-retail) No Stamp Duty, STT, or Surcharge on Foreign Assets Close-ended Category III AIF LTCG taxed at 12.5% at fund level (14.95%) Minimum Commitment: USD 151,000 STCG taxed at fund level per slab (max 30%) Target Corpus: USD 200 Million (+ green shoe option) TCS applicable for resident Indians Base Currency: USD No additional tax for investor No Exit Load

  9. Regulatory Framework in GIFT CITY UnifiedRegulator IFSCA serves as a single regulatory authority, streamlining compliance and approvals Simplified KYC & Compliance Reduced paper work and streamlined processes compared to traditional financial centers Tax Neutral Regime Designed to prevent double taxation while offering significant exemptions Global Legal Framework International standards with 100% ownership and control permitted

  10. Building NRI Portfolios Using GIFT CITY CheckTaxResidency&HomeCountryRules Understand your tax obligations in both countries to optimize investment structure Assess Portfolio Size & Investable Surplus Determine appropriate allocation based on minimum investment requirements Evaluate Investment Objectives & Product Comfort Align GIFT CITY opportunities withyourfinancialgoals andrisk tolerance Consider Investment Horizon Match fund structures with your time horizon for optimal returns

  11. Contact Us +(91)93979-98765 www.wealthmunshi.com contact@wealthmunshi.com

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