International Financial Service Centre (IFSC) companies are attractive for foreign investment.
CS Executive · Company Law · PYQS · June 2018
International Financial Service Centre (IFSC) companies are attractive for foreign investment.
Answer & Explanation:
International Financial Service Centre (IFSC) is a hub of financial services within a country, which has laws and regulations different from the rest of the country. Usually these centres have low tax rates and flexible regulations for securities and currency trading, banking and insurance, which makes them attractive for foreign investment. It can be said that these centres deal mainly with the flow of money, financial products and services across borders. An IFSC caters to customers outside the jurisdiction of the domestic economy. Such centres deal with flows of finance, financial products and services across borders. London, New York and Singapore can be counted as global financial centres.
Topics: International Financial Service Centre (IFSC)
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