Bhutan Opens Gelephu Mindfulness City to Global Funds: A Special Administrative Region on India's Border Borrows the GIFT City Playbook

From 1 October 2026, Bhutan's Gelephu Mindfulness City (GMC) will open a new regime for global family offices, investment funds and fund managers, administered by the Gelephu Financial Services Office (GFSO). Reported on 20 September 2026, the framework offers lifetime tax exemptions for approved funds, exemptions of up to 15 years for family offices, and a fast “no-objection” route for managers already regulated in recognised jurisdictions — among them India.