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:
Summary of Gibraltar Limited Company and main characteristics:
| General Information | |
|---|---|
| Type of company | Private Company Limited by shares |
| Corporate Legislation | Gibraltar companies are regulated under the Gibraltar Companies Ordinance 1930. The Gibraltar Financial Services Commission is the governing authority. British Common Law |
| Taxation | For 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% |
| Currency | Standard Currency GBP Share Capital can be in GBP |
| Paid up capital requirement | No paid up capital required |
| Time zone | GMT+1 |
| Directors | |
| Minimum no. required | 1 |
| Local Director required | No |
| Location of Meetings | Anywhere |
| Shareholders | |
| Minimum no. required | 1 |
| Location of Meetings | Anywhere |
| Company Secretary | |
| Required | Yes (included and provided by Consil Formation) |
| Local Secretary required | Yes |
| Registered office required | Yes |
| Share Capital | |
| Standard Currency | GBP |
| Standard Authorized Capital | £2,000 |
| Minimum paid up capital | No |
| Accounting Requirements | |
| Preparation of accounts | Required (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 audit | On 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 accessible | No |
| Requirement to file Annual Return | Yes (can be completed by Consil Formation) |
| Further Information | |
| Bearer shares | No |
| Confidentiality | Yes |
| Nominee services | Available |
| Need to travel | No |
| Apostille | Yes, Hague Convention 1961 |
| Owners | Individuals or Corporate |
Register your Gibraltar Limited Company
- Document Notarization per document: € 500
- Bundle of documents Notarization;
- Document Apostillation per document;
- Bundle of documents Apostillation.