Gibraltar enjoys a sophisticated range of banking, legal, accountancy and other professional services. Communications are excellent. With ‘passporting’ rights from Gibraltar into the UK secure, Gibraltar remains a unique alternative domicile and gateway for any business focused on the UK market.

Gibraltar has no Capital Gains Tax, no Inheritance or Succession taxes, no Wealth of Gift taxes, no taxes on Savings and Investment Income. There is also no VAT in Gibraltar and no withholding taxes on dividends, interest or royalties.

In 2015 Gibraltar was accepted by MONEYVAL, the permanent monitoring body of the Council of Europe, to be evaluated for compliance with the principal international standards to counter money laundering and the financing of terrorism.

Gibraltar currently has Tax Information Exchange Agreements (TIEAs) with 27 jurisdictions and was rated as overall largely compliant with the international standard for exchange of information by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes in 2014.

Establish your Business in Gibraltar

TBA has further developed a compelling suite of corporate services to assist the growth and sustainability of businesses in Gibraltar and beyond. We provide the necessary expertise in administering and managing companies, including company secretarial services, company law, board procedures, director responsibilities and shareholder relations, and financial and corporate compliance requirements. This enables business owners to focus on their primary business.

Choosing the right entity for your business

Gibraltar is now a ‘low tax’ rather than a ‘no tax’ jurisdiction. As of 1 January 2011, all companies incorporated in Gibraltar are chargeable on taxable profits at a rate of 10% – except for utility, energy and fuel supply companies, for which the applicable rate is 20% – under the ‘accrued and derived’ principle. Read more.

The following types of companies are available in Gibraltar:

• Gibraltar – Public Limited Company
• Gibraltar – Private Limited Company
• Gibraltar – Company Limited by Guarantee
• Gibraltar – Protected Cell Company
• Gibraltar – Setting Up a Foundation
• Foreign Company in Gibraltar
• Re-Domiciliation of Foreign Companies
• Company Limited by Guarantee with a Share Capital

Private Limited Company

Type of Company for International Trade and Investment

The Gibraltar non-resident company has been long recognized as an excellent alternative to the Irish non-resident company which itself was very popular as offshore vehicle until 1999. As a matter of fact, many of the Irish non-resident companies have since been re-domiciled to Gibraltar. The Gibraltar non-resident company is also in many ways similar to the pre-1988 non-resident company of the UK.

A Gibraltar non-resident company only pays a GBP 30 annual filing fee to the Registrar of Companies, payable at the time of filing of the Annual Return. Quite often the non-resident company is directed by the beneficial owners themselves, or by non-resident third-party directors appointed by the owners. The non-resident company will still need to maintain a registered office in Gibraltar and to have a Resident Secretary – these functions are provided by us at a competitive fee.

Gibraltar non-resident company is probably the most cost-efficient offshore vehicle in Europe as of now. It also competes very well worldwide under the same criteria.

Non-Resident Company

In all these cases the simpler, cheaper non-resident company could be a choice well made. The non-resident company is not subject to the fixed rate GBP 225 annual duty and other fees (notably, management fees) which are payable by the exempt company. Just in case, it can also be transformed into an exempt company if and when the circumstances require.

Gibraltar Non-Resident Company
Detailed Features

• The company must be owned by persons, who are not resident in Gibraltar.
• The company must be controlled (directed) by persons who are not resident in Gibraltar.
• The company may not trade or carry-on business in Gibraltar with residents of Gibraltar. It may however trade with other exempt or qualifying companies or non-resident persons.

The company must maintain its Company Register, Registered Office and Resident Secretary in Gibraltar.

The company must not remit income to Gibraltar.

The last requirement effectively means that in order to maintain its no-tax status a Gibraltar non-resident company should not hold any bank accounts in a Gibraltar-situated bank. This simply means that the non-resident company would usually operate its bank accounts in another country. Often it would be just a different offshore jurisdiction – like, Isle of Man, for example. It may also be practical to open the offshore bank account in a country situated closer to the place of the actual business of the company – or to the actual location of its beneficial owners.

If the above four criteria are satisfied, a Gibraltar company will be considered “non-resident”. As such, it will not fall under the Gibraltar tax system by definition and will not be required to register for Gibraltar taxation purposes. This also means that, unlike the tax-exempt company, the non-resident company can in no circumstances be considered as a Gibraltar taxpayer.

The Annual Fees are concerned with our Secretarial Services:

• The First Minutes of Directors Meeting;
• All Secretarial Services and Minutes related to the upkeep of the company’s Combined Register, e.g. AGMs, Ordinary Resolutions, etc.;
• The filing of the company’s Particulars of Directors;
• The filing of the company’s Allotments of shares;
• Copies of all documents filed at the Companies Registry.

Tax-Efficient E-Commerce
Planning the Tax Structure