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Gibraltar PLC

€3400 EUR

Incorporation time: 1-7 days

Nominee Director Included Nominee Shareholder Included Secretary Included Nominee Director Included Nominee Shareholder Included 

FORMING A GIBRALTAR COMPANY


Incorporation time: 7 days

Shelf companies: Yes

Accounting: Yes

Secretary: Yes

Nominee Shareholder: Yes

Nominee director: Yes



History of Gibraltar

Gibraltar has 28,000 inhabitants and is located at the Southern-most tip of Spain, to the North of the Strait that bears the same name and forms the entrance to the Mediterranean. It is a British overseas territory and has been part of the United Kingdom since 1704. Claimed by Spain, this strip of land, with a surface area of 6 543 km², is the cause of significant conflict between Spain and the United Kingdom.


Gibraltar as an Offshore Centre

As well as being a member of the European Union, Gibraltar has a favourable tax system for offshore activity. The territory allows for the formation of a holding company, often connected to British companies, which can benefit from the region’s tax system, even if the owners and directors are located outside Gibraltar. Gibraltar is also an ideal environment for entrepreneurs to find directors and nominee shareholders. Gibraltar has also had its own stock exchange since 2007, the GibEx.

The Development Aid Ordinance is the standard text on taxation in Gibraltar: it provides that non-resident corporations may obtain tax-exempt status. It also allows them to avoid paying income and property tax for 25 years. Tax exemption status in Gibraltar requires:

  • The offshore company must not carry out any activity in Gibraltar.
  • A minimum of 100 GBP capital.
  • The company must not be owned by a resident of Gibraltar.
  • The company must maintain a local register of shareholders.

The main type of offshore companies is the private company and holding companies based in the country meet the requirements to benefit from the EU parent-subsidiary system under 2003/223/EC and therefore benefit from an exemption from withholding tax on dividends receive from an European subsidiary. This type of offshore company allows 95% of profits to be retained. Anonymity can be achieved by the use of a nominee director and nominee shareholders.


Gibraltar Summary

Gibraltar investment funds are the most flexible in Europe and can be registered from a minimum of 100,000 euros of investment funds. The jurisdiction is an alternative to Luxembourg which imposes a higher minimum investment requirements.

Gibraltar’s main strength lies in the fact that as a member of the European Union it can benefit from EU legislation relating to dividends.

Gibraltar is also the ideal location for the principle company in the UK Agency Structure which can be operated without attracting scrutiny from tax authorities.

Since Gibraltar is no longer seen as a tax haven by the OECD companies can elect to pay 10% tax on profits or declare a lack of local income and be taxed at 0%.

Gibraltar is also an ideal destination for international import-export operations (except for intra-Community transactions, given the absence of a European VAT number). For freelancers and consultants we recommend the use of Gibraltar only if your services can be performed remotely, otherwise we recommend the United Kingdom.


Detailed Review of Gibraltar’s Economy

Gibraltar’s economy is mainly based on services, especially in the finance and tourism sectors. Many British and foreign banks have subsidiaries in Gibraltar and it has become a very important international financial centre. Tourism is also very important, benefiting from the natural landscape (with the popular rock of Gibraltar) and Gibraltar’s very favourable climate. In addition, a military base has long benefited Gibraltar’s economy; however, today it only accounts for 7% of GDP, compared with 60% 30 years ago.

Situated in a very busy maritime area, Gibraltar is an important international trade location. The port sector is therefore very important in the region’s economy, and has grown dramatically over the years.

Gibraltar’s Economic Strengths

  • Part of the European Union.
  • Advantageous tax system.
  • Common law legal framework.
  • Good geographical location.
  • Not part of the VAT system (it may be beneficial to avoid VAT).

Gibraltar’s Economic Weaknesses

  • Some European standards do not apply (customs, CAP, etc.).
  • Not part of the VAT system (VAT may not be recoverable).


Trade and Market Intelligence

Although Gibraltar is part of the European Union, the territory does not implement all EU regulations, such as the customs policy. Because Gibraltar is not part of the customs union European standards do not apply to international trade and therefore there is no free movement of goods with other European countries and customs duties always apply.


Gibraltar Political Data

Since it is under the control of the United Kingdom, Gibraltar is ruled by Queen Elizabeth II and the territory is governed by the British Government. The Governor of Gibraltar (Sir James Dutton) has a mostly ceremonial role and is responsible for appointing the Government. Legislative power is held by the Parliament of Gibraltar, with its 17 members elected for four years.

The main political parties are the Social Democrats, the Socialist Labour Party and the Liberal Party.




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