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The International Financial Services Centres Authority sets the fee structure for every Finance Company and Finance Unit in the International Financial Services Centre. New entities pay an application fee of one thousand dollars once. New entities pay a registration fee of twelve thousand five hundred dollars once. All registered entities pay an annual fee of twelve thousand five hundred dollars starting from the second year. Entities pay the fees into the specified bank account of the Authority.
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[Image omitted. See the official document.]
CIRCULAR
F. No. 172/IFSCA/Finance Company/Unit Regulations/2021-22/1
April 26, 2021
To, All Finance Company / Finance Unit in the International Financial Services Centre (IFSC)
Dear Sir/Madam,
Sub: Fee structure for Finance Company/Unit
a) Application fee: $1000 for new entities (one time)
b) Registration fee: $12,500 for new entities (one time)
c) Annual fee: $12,500 for all registered Finance Company/Finance Unit (second year onwards)
Account Details for Payment of Fees:
Bank and branch details:
Yours faithfully
(R. Kumar)
Head, Banking Division
rag.kumar@ifsca.gov.in
