Advantages |
- A company can be owned and run from Gibraltar, and still be eligible to receive tax benefits.
- Good value compared to other European tax havens
- Companies receive assurances of no local taxes for 25 years.
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Disadvantages |
- European competitors are more established
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Company Status |
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Residents are taxed at 35% of net income. Those who fall in to the exempt category pay a standard rate of £225.
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Corporate legislation |
United Kingdom Common Law
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Company Name |
Many words sensitive, eg Royal, Gibraltar, International, Insurance etc.
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Time taken to incorporate |
Same day incorporation can be done at a cost of £100, otherwise five to seven days
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Are shelf companies available? |
Yes
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Usual minimum capital |
£100
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Capital Duty |
Half of one percent
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Minimum number of shareholders |
One
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Are bearer shares/shares of no par value possible? |
Yes / No
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Directors: minimum number / corporate directors allowed / location |
One / Yes / May be resident
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Secretary: mandatory / corporate secretary allowed / location |
Yes / Yes / Must be resident
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Is there a requirement for a Registered Office / Registered Agent? |
Yes / No
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Is any information required by the authorities prior to incorporation or prior to tax status being granted? |
Exemption may only be granted after references are given.
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What information is available on the public file? |
Details of company officers, members and registered address, Memorandum and Articles of Association
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What documents must be kept at the Registered Office? |
Shareholders and company officers register.
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Corporate books & seal |
n/a
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Are accounts required / filed? |
Yes / Yes
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Is an annual return required? |
Yes
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Where are meetings to be held? |
No constraint
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Annual fees payable to the government: Tax / Annual Return Filing Fee |
0 – 35% corporate tax
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Are there any exchange controls? |
None
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