Located on the strait of the same name, Gibraltar is a British overseas territory and has been part of the United Kingdom since 1704. Ownership of the territory is contested by Spain and is a source of strong disagreement in the United Kingdom.
Although a member of the European Union, Gibraltar enjoys favourable tax incentives for offshore activities. The country lends itself to the establishment of holding companies, often associated with British companies, benefiting from the taxation of the region. Since 2007, the country has also had its own stock exchange, the GibEx.
Investment funds in Gibraltar are the most flexible in Europe and can be registered starting from 100,000 euros in investment. The jurisdiction is an alternative to Luxembourg, which requires much greater investments.
The Development Aid Ordinance, the reference text for taxation in Gibraltar, allows non-resident companies to obtain important tax exemptions, avoiding tax on income and property for 25 years. Access to tax exemption has some prerequisites:
The main form of offshore company is the Company Limited By Shares and holdings in the country comply with the regulations of the parent-subsidiary scheme of EU 2003/223/EC. Holdings benefit from exemption from the withholding tax on the dividends of a European subsidiary. This kind of offshore company permits the saving of 95% of profits. Anonymity is guaranteed by the presence of an administrator and designated shareholders.
|Average start-up times||7 days|
|Availability of pre-established (ready-made) companies||Yes|
|Average taxation||The tax rate is 10% as of 1 January 2011. This tax is applied to the profits of companies belonging to or growing in Gibraltar.|
|Published information about the company's directors||The names of company executives appear in public registers. Executives can be appointed to prevent the customer's name from appearing.|
|Legislation and controls||
Gibraltar companies are regulated by the "Gibraltar Companies Ordinance 1930". The Gibraltar Financial Services Commission is the reference authority.
|Confidentiality||Bearer shares are not permitted|
|Risk indicators||Average political risk: 11%