THE MAIN CHARACTERISTICS OF GIBRALTAR COMPANY

General

Type of entity Non Resident
Type of law Common
Shelf company availability Yes
Our time to establish a new company 5 – 8 days
Minimum government fees (excluding taxation) GBP 45
Corporate Taxation 10% if local activity, 0% otherwise
Double taxation treaty access Partly

Share Capital or Equivalent

Standard currency GBP
Permitted currencies Any
Minimum paid up GBP 1
Usual authorised GBP 2000

Directors or Managers

Minimum number One
Local required No
Corporate Directors permitted Yes
Location of meetings Anywhere, except Gibraltar
Publicly accessible records Yes

Members

Minimum number One
Corporate Members permitted Yes
Publicly accessible records Yes
Location of meetings Anywhere, except Gibraltar

Company Secretary

Required Yes
Local or qualified Yes

Accounts

Requirement to prepare Yes
Audit requirements Yes, small company exemptions
Requirement to file accounts Yes
Publicly accessible accounts Yes

Other

Requirement to file annual return Yes
Change in domicile permitted Yes

Presentation of jurisdiction

Southern Europe, more precisely in the most southern tip of the Iberian Peninsula. Its famous rock overlooks the Strait of Gibraltar. It is impressing but small. The territory is approximately 6.5 sq. km. while population more than 28,000 residents.

Gibraltar is a British Overseas Territory, but it retains its:

  • Independency in its fiscal governance.
  • House of Assembly, which legislates on domestic matters.

Furthermore, Gibraltar is also a part of the European Union, but it has a special status so companies can benefit from the advantages of being a European company, and much lower tax rate. Gibraltar special status provides the following features:

  • Exemption from the Common Customs Tariff;
  • Not subject to the Common Agricultural Policy;
  • Not subject to Value Added Taxation.

Who should choose Gibraltar Company and for which reasons?

Who?

  • Entrepreneurs;
  • Consultants;
  • Stockbrokers.

Which activities?

  • International trade;
  • Inheritance tax purposes;
  • Holding of intellectual property rights (IP);
  • Ownership of movable and immovable property;
  • E-Commerce.

INTEREST OF THE JURISDICTION OF GIBRALTAR

Advantages of a company in Gibraltar:

  • The most cost-effective European jurisdiction.
  • Exempt certificate: provides a 25-year guarantee of exemption from Gibraltarian taxes.
  • Gibraltar was the first European jurisdiction to offer the exempt company which allows a company to be controlled and managed from Gibraltar whilst able to enjoy preferential tax status.

Disadvantages of a company in Gibraltar:

  • Not as well-established as its European competitors.
  • As a full member of the European Union pressure may be brought to attempt to force Gibraltar to harmonize its taxes with other Member States.

How to proceed

To incorporate or purchase a company the following documentation should be provided:

  • A completed application form signed by the company or by the representative;
  • Copy of valid passport;
  • A personal bill, which is less than 3 months old from the date of the application;
  • Payment of our fees.

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

  • Incorporation of a company or purchase of an existing company: 3 days;
  • Delivery of the original company documents: 15 days;
  • Offshore Bank: offshore bank account opening: 3 weeks.