Entity setup
Ancillary Service Provider (ASP)
Professional and support services to financial institutions in IFSC
About this entity type
A very brief overview
An Ancillary Service Provider is a non-financial, professional services unit authorised to serve financial institutions in the IFSC — legal, compliance, audit, tax, fund administration, actuarial, trusteeship, IT and consultancy work. It is the lightest-touch IFSCA authorisation: no capital-market licence, no minimum owned fund of a financial entity, and a single authorisation letter covers the permitted service list.
Who it suits: Law firms, CA and CS firms, consultancies, fund administrators, KPO/BPO and technology service firms that want an IFSC presence with tax benefits and dollar billing.
Applicable regulation
IFSCA (Ancillary Services) Framework
Sets the permissible ancillary activities, eligibility of the applicant group, application process and reporting for ASP units in the IFSC.
Official sourceSEZ Act, 2005 and SEZ Rules, 2006
Unit approval, Letter of Approval (LOA) from the Development Commissioner, lease of space and customs/SEZ compliance for the IFSC unit.
Official source
Registered entities
Entities registered under Ancillary Service Provider (ASP)
0 entities on the IFSCA register. Live data from the IFSCA directory.
| Entity | Sub-category | Registration | Validity |
|---|---|---|---|
| No entities on the register for this category yet. | |||
Timeline & approach
How we take Ancillary Service Provider (ASP) from plan to authorisation
Step 1
Eligibility & structure
Week 1
We map your activity to the right IFSCA category and sub-category, confirm net worth, KMP and shareholding eligibility, and fix the holding structure.
Step 2
SEZ unit approval
Weeks 2–4
Unit application to the Development Commissioner, Letter of Approval, office space lease and NDC/customs registrations.
Step 3
IFSCA application
Weeks 3–8
Application, business plan, policies (AML/CFT, risk, outsourcing, cyber), KMP profiles and query resolution until in-principle approval.
Step 4
Go-live & compliance calendar
Weeks 8–14
Bank account, systems, statutory registrations, commencement intimation and handover to a live obligation calendar in your Gateway portal.
Indicative cost
USD 1,500 – 4,000 authorisation support + annual compliance retainer
Excludes IFSCA application/authorisation fees, SEZ charges and office lease. Final fee confirmed after we see your service list and group structure.
Why GIFT City Gateway
Why sponsors pick us for this
Category specialists
We work only on GIFT IFSC mandates — the regulation, the reviewer questions and the SEZ process are our daily work.
One accountable owner
A named Gateway lead runs your application end to end, not a rotating coordinator queue.
Live intelligence
We track every authorised entity in this category, so your structure is benchmarked against real precedents.
Setup to steady state
Registration hands over into a live compliance calendar in your client portal — no gap after go-live.
Next step
Tell us what you need for Ancillary Service Provider (ASP)
Share your plan and we respond with the eligibility read, the document list, the indicative timeline and a fee.
- • Eligibility and net-worth check against the applicable regulation
- • Structure options (branch vs subsidiary, holding jurisdiction)
- • Week-by-week plan across SEZ and IFSCA
- • Fixed-fee proposal with the compliance calendar that follows
Lead details