Non-resident Company

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Company Formation in Gibraltar

Gibraltar has a special relationship with the European Community, which is different from any other overseas territory of a member state.  Under the Treaty of Rome 1973 and the UK Act of Accession of the same year, Gibraltar was classified as a dependent territory of the United Kingdom.

Benefiting from a stable economy and a favorable tax regime, Gibraltar has established itself as prosperous financial center. Considering the relation with EU and his location, Gibraltar can offer tax heaven advantages for companies that are registered as non-residents, including easy access to the EU financial markets. Gibraltar is one of the most attractive European offshore jurisdictions with its political stability, robust commercial and professional infrastructure.

In the early 2000s, many bookmakers and online gaming operators moved to Gibraltar to benefit from operating in a regulated jurisdiction with a favorable corporate tax regime. However, this corporate tax regime for non-resident controlled companies was phased out by January 2011 and replaced by a fixed corporate tax rate of 10 percent and 0 for non-resident companies. Today, Gibraltar’s economy is dominated by four main sectors: financial services, online gambling, shipping, and tourism, which includes retail sales to visitors.

Gibraltar Companies are not considered as offshore companies as there is no offshore legislation in Gibraltar.

All companies are formed under the same legislation, whether they do business in Gibraltar or outside of the territory.

Companies that do not derive any income from sources in Gibraltar are not subject to tax.

Advantages of company incorporation in Gibraltar:

Political stability – Gibraltar is a dependent of the UK and an associate member of the EU;

Tax exempt – Non-resident companies are exempt from all local taxes;

VAT exempt – There is no VAT in Gibraltar;

0% Corporation tax – Corporation tax is only charged on profits derived within the territory of Gibraltar. The tax rate is 10% as from 1st of January 2011. This rate of tax will be levied on company profits which derive in or accrue in Gibraltar.

There are no restrictions on foreign Directors or Shareholders, individuals or corporate;

There is no minimum authorized or issued share capital requirement;

There is no withholding tax on interest, dividends and royalty, no capital gains tax for foreigners in Gibraltar;

Interim dividends distribution is allowed. Distribution to foreign entities or individuals are not taxed in Gibraltar;

Nominee services are available;

Board Meetings can be held anywhere in the world.

Summary of Gibraltar Limited Company and main characteristics:

General Information
Type of companyPrivate Company Limited by shares
Corporate LegislationGibraltar companies are regulated under the Gibraltar Companies Ordinance 1930. The Gibraltar Financial Services Commission is the governing authority.
British Common Law
TaxationFor Non-resident sourced activities - Corporation Tax – 0%
Tax on Dividends – 0%

Territorial taxation system 0% for non-residents that do not derive any income from sources in HK.
Corporate tax rate 10%
CurrencyStandard Currency GBP
Share Capital can be in GBP
Paid up capital requirementNo paid up capital required
Time zoneGMT+1
Minimum no. required1
Local Director requiredNo
Location of MeetingsAnywhere
Minimum no. required1
Location of MeetingsAnywhere
Company Secretary
RequiredYes (included and provided by Consil Formation)
Local Secretary requiredYes
Registered office requiredYes
Share Capital
Standard CurrencyGBP
Standard Authorized Capital£2,000
Minimum paid up capitalNo
Accounting Requirements
Preparation of accountsRequired (can be completed by Consil Formation). Under the EU 4th & 7th directive on company accounts, Gibraltar companies are required to file accounts at the Gibraltar Companies Registry relating to their chosen year-long fiscal period within 13 months from the chosen financial year end.
Requirement for auditOn certain conditions - Yes (can be completed by Consil Formation). Companies with a turnover of less than GBP £4.8 million per annum are not required to file audited accounts, and are able to file Balance Sheets signed by the Directors of the Company.
Accounts public accessibleNo
Requirement to file Annual ReturnYes (can be completed by Consil Formation)
Further Information
Bearer sharesNo
Nominee servicesAvailable
Need to travelNo
ApostilleYes, Hague Convention 1961
OwnersIndividuals or Corporate

Register your Gibraltar Limited Company

Company Formation – with all services included for the first year: € 3100;

Certificate of Incorporation;

Memorandum and Articles of Association;

Appointment of Director(s), Distribution of Shares, Minutes, Resolutions in accordance with banks requirements;

Share Certificate(s);

Authorized Share Capital of GBP1000;

Local Registered Office Address;

Licensed Local Secretary required by law;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Renewal Fee after one year – with all services included for the next year: 2550

Local Registered Office Address;

Licensed Local Secretary required by law;

Registered Agent;

Preparation & Filing of Annual Return;

Personal manager assistance for the entire period.

Nominee Director – Individual or Corporate as per client’s request: € 850

Nominee Shareholder – Individual or Corporate as per client’s request: € 650

Power of Attorney – General / Special PoA Notary Legalized with Apostille, in accordance official institutions and with banks requirements: € 500

Certificate of Good Standing with Apostille, in accordance with official institutions and banks requirements: € 450

Certificate of Incumbency with Apostille, in accordance with official institutions and banks requirements: € 450

Legalization of Documents:

  • Document Notarization per document: € 500
  • Bundle of documents Notarization;
  • Document Apostillation per document;
  • Bundle of documents Apostillation.

Company Seal: € 100

Company Rubber Stamp: € 150

Bank Account opening service – Quotation based on each particular case;

Compliance Service – After Company Incorporation Services – new persons, legal entities, annual compliance review: € 75/hour

Accounting & Bookkeeping – Quotation based on each particular case.

Starting fee: