PRACTICE 02

Capital strategy & cross-border access.

Capital strategy begins upstream of bankers. Structure the entity, identify the few investors for whom the opportunity actually fits, and build the regulatory pathway through which the capital can lawfully move.

Raising capital is rarely the hard part for a good company. Routing it lawfully across borders, into a regulated entity, from the right investor, is. The firm works the structure before the term sheet — because a term sheet that signs but cannot clear is worse than no term sheet at all.

The Indian institutional and family-office pool is the most underused source of growth capital available to UAE, Swiss and Hong Kong firms today. Most non-Indian counsel know it exists; very few know how it actually flows. The path runs through GIFT City's IFSC, and the choreography between IFSCA and the receiving regulator is where deals are made or lost.

Where distribution benefits from tokenised rails, the default is a permissioned standard — ERC-3643 — so that transfer restrictions, identity and eligibility live in the token itself, and the regulator sees a controlled instrument rather than a bearer one.

Named system
S/03

The Indian Capital Gateway.

Structuring path · IFSCA + receiving-regulator choreography

The structuring path for receiving Indian institutional and family-office capital lawfully through GIFT City IFSC, into a UAE-, Swiss- or Singapore-domiciled regulated entity. Covers fund-vehicle selection, regulator choreography across IFSCA and the receiving authority, and the counterparty diligence that capital allocators require before commitment.

Most non-Indian counsel know that Indian capital is available; very few know how it actually flows. This system is the difference between a term sheet that signs and a transfer that clears.

The recurring queries.

What a typical retainer covers.

01

Round architecture

Series A/B structuring for regulated entities, designed so the current round does not constrain the next.

02

Indian Capital Gateway

The lawful path for Indian institutional and family-office capital through GIFT City IFSC into a foreign regulated entity.

03

Family-office introductions

Warm introductions to a small, matched set of allocators — not a circulated deck.

04

Tokenised distribution

Permissioned ERC-3643 rails where distribution benefits from on-chain eligibility and transfer control.

05

Pre-exit positioning

Positioning the cap table, narrative and regulatory standing ahead of a strategic process.

06

Counsel-of-record

A single point of accountable counsel across the jurisdictions a cross-border raise touches.

A round is forming and the structure is not yet set; Indian capital is on the table but the path is unclear; or a cap table has grown across borders faster than its governance.

2025 · CH
Counsel to a Geneva family office on lawful access to Indian institutional capital through GIFT City.
Mapped the IFSCA route end to end, from fund-vehicle selection to the diligence the allocator required before commitment.
Capital · Cross-border
2025 · UAE
Structured tokenised distribution for a regulated fund under a permissioned standard.
Transfer restrictions and eligibility were moved into the instrument itself, so the regulator saw a controlled token, not a bearer one.
Capital · Tokenisation

Conversations are by introduction, and held in confidence.

The firm takes on a small number of new retainers each year. First conversations carry no fee and no commitment. They begin with a written introduction.

office@khazanchi.org