Qube Research & Technologies is establishing operations in GIFT City, India’s IFSC, to leverage tax exemptions on derivatives and securities transactions. This move underscores GIFT City’s emergence as a hub for high-frequency trading, offering regulatory predictability and tax advantages over offshore setups, amid India’s growing HFT ecosystem. Rajul Bohra, partner at JSA, said the tax benefits available to specified funds in GIFT-IFSC are explicitly codified in domestic law, making them inherently more certain from a tax perspective. “Unlike offshore fund structures that rely on treaty eligibility and are therefore exposed to GAAR-related challenges, specified funds in GIFT-IFSC derive their tax benefits directly from Indian domestic law,” she added. Read more
This story also appeared Online.
