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:

  • A minimum capital of GBP 100;
  • no shareholder of the company must be a resident of Gibraltar;
  • The register of partners must remain in the country;
  • the offshore company must not engage in any activity in Gibraltar;
  • one of the directors must live in Gibraltar.

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.

GIBRALTAR

Gibraltar Flag
Average start-up times 7 days
Availability of pre-established (ready-made) companies Yes
Accounting Yes
Secretary Yes
Nominee Shareholder Yes
Nominee Director 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.
Accounting obligations Annual
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
Documents required
  • certified copy of passport
  • 2 different certified or original proofs of domicile dating back less than 3 months
  • original copy of bank reference letter, original copy of a reference letter from a professional person (such as lawyer, accountant, notary or bank)
  • business plan
  • signed copy of curriculum vitae.
Time Zone UTC+1
Currency Gibraltar pound
Risk indicators Average political risk: 11%
  • Expropriation and breaches of contract: 8%
  • Risk of war and civil unrest: 25%
  • Transfer of capital and convertibility: 1%
Average credit risk: 24%
  • Failure to pay by sovereign counterpart: 10%
  • Failure to pay by bank counterpart: 31%
  • Failure to pay by corporate counterpart: 31%
GDP growth 1,8%