GIFT City has flipped the script on NRI investing
GIFT City has flipped the script on NRI investing. Here's what changed: The old way: Sign 60-70 documents. Wait 3-4 months. Navigate the NRE/NRO/PIS maze. Mandatory PAN cards, OCI cards, Indian bank accounts. The GIFT City way: Four documents. Two days. Done. You need a passport, bank statement, address proof, and local tax ID (like your SSN or Emirates ID). That's it. No PAN. No Indian bank account. Money will move like it should: Transfer USD directly from your foreign account. Redeem back to the same account. Never touch an Indian bank. Optional USD accounts available in GIFT City itself. Taxes are Simplified as well. The fund pays capital gains tax for you no Indian tax returns to file. UAE residents investing in global funds? Zero tax. One regulator (IFSCA) instead of juggling RBI and SEBI rules. No caps on intraday trading or leverage. While current AIF minimums sit at $150,000, retail-friendly feeder funds are emerging. GIFT City is funda...