Aircraft and Ship Leasing from GIFT IFSC: Complete Legal Framework, Regulatory Process, and Compliance Requirements Under IFSCA, FEMA, and the Income Tax Act, 2025
Setting up an aircraft or ship leasing entity in GIFT IFSC requires completing a mandatory sequential process under IFSCA regulations, the SEZ Act, FEMA, and the Income Tax Act 2025. This article covers the complete legal framework, step-by-step setup process, owned fund requirements, sector-specific clearances, and tax structuring under Section 147 — written by a Company Secretary with direct, on-ground experience in GIFT City.