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.