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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
EGBP 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
REGISTERED OFFICE/AGENT
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

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.

Possible 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.

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.

HOW TO
PROCEED

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

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

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:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening