Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula and it is approximately 7.7 km2 in size and is bordered to the north by Spain. The landscape is dominated by the Rock of Gibraltar at the foot of which is a densely populated town area and home to over 32,000 people. The Gibraltar economy is largely based on financial services, tourism, shipping and e-gaming.
Gibraltar international financial sector has a long-standing history that goes back to the passing of Gibraltar’s Companies Ordinance in 1967. Later, Gibraltar has remodelled its company law after the UK Companies Act 1929 to suit the jurisdiction’s unique environment. Gibraltar which operates under the English Common laws has aligned its laws and regulations to that of the United Kingdom and is fully transparent in terms of operation
There is no corporate tax if a Gibraltar company is managed and controlled outside of Gibraltar and also where income is generated outside of Gibraltar.
However, if a company is managed and controlled in Gibraltar with resident director, the corporate tax rate is 12.5% and filing of tax return is required.
Gibraltar is also recognised for its tax system which is very fair as they do not impose the following taxes:
Value Added Tax
Corporate tax from financial investments
Capital gains tax
Wealth and gift tax
Tax on profits earned from commercial shipping operations
Tax on crypto
BENEFITS OF GIBRALTAR COMPANIES
Corporate directors allowed and no requirement for resident directors
No restrictions concerning nationality and domicile of the directors, officers, and shareholders.
Prompt, quick and efficient incorporation process
Nominee services can be used
Owning yacht or ship in the name of a company means trading and chartering will not be subject to tax in Gibraltar
TAILORED SOLUTIONS & STRUCTURES
At Premier, we carefully consider each client’s objectives before proposing a structure in Gibraltar. Structure proposed can be layered or multi-jurisdictional. Our solutions are tailormade to each specific case and is based on client’s need and vision. Premier offers a high-quality level of personalized service to help each client grow and succeed through our presence worldwide.