With increasing complexity in the tax laws around the world, it has become essential for businesses as well as individuals to not only ensure that their tax policies and positions are in compliance with law, but also to make sure that they stand up to public scrutiny.
We, at Avika Consulting, consider tax strategy as an integral part of the overall business strategy and focus on ensuring that the tax function supports the larger approach to business.
We offer a full suite of services to multinationals, domestic corporations and individuals in designing, implementing and defending their overall tax strategy.
We offer strategic tax solutions for all aspects of business activity including entry strategy, holding company analysis, capitalisation, supply chain issues, Intellectual Property Right planning, tax incentives, cash repatriation and structuring of sale/exit.
We also provide tax advisory services for inbound and outbound investment structures, including structuring, planning and risk management.
We focus on gathering relevant domain knowledge to closely understand our clients’ business needs. This means engaging and collaborating with the management, to better devise practical solutions for the particular tax issues, within the framework of the law.
In our commitment to being our clients’ strategic advisors, we stay abreast of all developments in tax laws, principles and policies, which may impact their businesses and ensure that they are up to date too. We see ourselves as a part of their team and constantly look for ways to improve their business.
GIFT City (IFSCA) Advisory
GIFT City (Gujarat International Finance Tec-City) is India’s premier global financial and IT services hub, offering state-of-the-art infrastructure and a conducive business environment. We specialize in providing comprehensive Professional, Management, Tax and Regulatory Advisory services to businesses and entrepreneurs looking at GIFT city for business reasons.
Our offerings include services for setting up operations, obtaining regulatory registrations, licenses, and navigating through the regulatory framework. We offer customized solutions to capitalize on the opportunities provided by the IFSC in GIFT City. These include structuring, financial services advisory, tax and regulatory advisory, compliance support amongst others.
With our understanding of the GIFT City framework and commitment to delivering excellence, we aim to be the preferred partner and trusted advisor for businesses aspiring to thrive in this cutting-edge financial and technological hub.
FS, Funds & FPI Tax Advisory & Compliance
India is experiencing a significant influx of foreign and domestic investments, as the government continues to actively work towards making the country an attractive investment destination.
The Government has been forthcoming in considering suggestions from industry experts/ stakeholders in existing regulations/ tax provisions to provide clarity and remove bottlenecks especially in relation to Funds, Financial Services (including GIFT City).
We offer a wide range of services in relation to Financial Services, Funds and FPI Tax Advisory & Compliance, including:
- Tax advisory services in relation to the financial services entities such as Banks, NBFCs, Insurance, Wealth Managers, Investment Advisors, GIFT City entities, AIFs/ REITs/ InvITs (referred to as ‘Funds’);
- Advising on suitable investment structure for setting up Funds and FPIs for investment in India, including jurisdictional analysis and assistance in implementing the identified investment structure;
- Advising on suitable structure for setting up Financial Services entities;
- Advising on whether the Funds/ FPIs are eligible to claim the relevant tax treaty benefits;
- Assisting in preparing the Indian tax chapter of the Private Placement Memorandum (PPM) or a similar document of the Fund/ FPI;
- Advising on the tax implications (including the implications of indirect transfer provisions) in the case of reorganizations undertaken outside India;
- Determining the eligibility criteria for registration as an FPI and assistance in obtaining the registration by liaising with the Designated Depository Participant;
- Advising on outbound investments;
- Assistance in setting-up Funds;
- Assistance in setting-up GIFT City entities;
- Assisting in preparing the Indian tax chapter of the Private Placement Memorandum (PPM) or a similar document of the Fund/ FPI;
- Providing on-going tax compliance services which, inter alia, include issuing tax certificates for remittance of funds outside India, income-tax return, tax litigation assistance, including representation services.