The International Financial Services Centre Authority (IFSCA) on February 06, 2025, issued the FAQs on IFSCA IBC and OEC Regulations, 2022.
The following has been stated: -
•The IFSCA regulations allow foreign universities and educational institutions to establish International Branch Campuses (IBC) and Offshore Education Centres (OEC) in GIFT IFSC, offering high-quality education in fields like FinTech and STEM.
•Eligible institutions must meet specific criteria, including ranking within the Top 500 universities or being a recognized educational institution. The registration process involves an application, expert review, and approval, with a five-year validity.
•Fees are required for applications, registration, and annual maintenance, with strict regulations on curriculum modifications, student protection, and financial transactions.
The detailed notification is given in the document below.
