OUR OFFICES: LONDON, UK Office | +44 20 3769 1690  –  CORK CITY, Ireland Office | +353 21 202 8069  –  Contact Monday to Friday: 9 am to 6 pm GMT time  –  Skype: CALL | CHAT

OUR OFFICES:
LONDON, UK Office | +44 20 3769 1690
CORK CITY, Ireland Office | +353 21 202 8069
Contact Monday to Friday: 9 am to 6 pm GMT time 
Skype: CALL | CHAT

SET UP YOUR BUSINESS IN
GIBRALTAR

We support all worldwide
Investors & Entrepreneurs
Setting up their Business overseas

Eurofinanzza Tax Legal Law Center
Corporate Tax & Legal Consultors
Since 1998

Gibraltar
Company Formation Services

Gibraltar is a self-governing, self-financing British Overseas Territory, currently within the European Union, that is economically prosperous by virtue of its highly diversified economy. Key sectors include financial services, FinTech, gaming, maritime and tourism. Located on the southern end of the Iberian Peninsula at the entrance of the Mediterranean, Gibraltar has a land area of just 2½ square miles (6 km²) and a population of c.30,000.

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 & Associates is a leading independent global corporate and financial services provider with over three decades of experience in the Gibraltar market. We will assist you to select the most effective and efficient legal entity for your business and will then form and register that entity in line with local laws and regulations.

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 companies offer swift incorporation, full EU compatibility and tax benefits. The Gibraltar Companies Act is based on English Legislation and has recently been amended to include relevant EU Directives. The Gibraltar Companies Registry is now fully automated. A Gibraltar company can be incorporated within two to five days. However same day incorporation can be effected for an additional fee. Clearance of the company’s name is required prior to incorporation.

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 is the simplest and cheapest type of all offshore corporate entities available in Gibraltar.

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
The non-resident company is usually preferred by more relaxed clients whose personal or business circumstances allow them to be at relative ease from tax scrutiny. Such clients would often be individuals who spend most or all of their time outside their home jurisdiction – for instance, management consultants, software engineers or other professionals who tend to travel between various countries on short-term assignments. Just as well, a clients’ business may be purely international and not particularly tied-up to his home country – like many internet businesses are. A non-resident company may also be sufficient for use by clients whose home country does not have the sophisticated “management and control” tax-rules – this is still the case in many countries of the world. And, finally, there is no need to use a sophisticated tax-exempt company when there is no tax planning purpose – for example, when the company is simply used as a personal asset-protection vehicle to passively hold some property or investments.

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
To be a non-resident company, a Gibraltar-registered company has to satisfy the following criteria:

  • 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
Gibraltar has an ‘onshore’ tax structure quite similar to that of the UK so far as income and corporation tax is concerned, although there are no capital taxes. However, as long as a company does not do business locally (i.e. have transactions with local residents) it can use the exempt private company form which can be resident or non-resident, pays no tax on its income (other than the yearly registration fee, and applies no withholding tax to payments it makes.

Start your Business Project now!

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There is dedicated team in our Head Office available to deal with your enquiries regarding any of our five offices. We aim to respond to all enquiries within 24 hours.

Whether you are an existing client or interested in Eurofinanzza services, we would be happy to hear from you via any of our available communication networks: telephone, email, live chat, and enquiry form.

We look forward to hearing from you!

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