Gibraltar Company Formation

Gibraltar Company Formation
  • Dependable jurisdiction and prestigious reputation.
  • Time of Gibraltar company formation takes 2 WEEKS.
  • Popular company type:
    • Gibraltar Non-Resident Controlled Company.

Tax Rates in Gibraltar

Corporation Tax in Gibraltar: The standard rate of corporate tax is 10% (20% in the case of utility and fuel supply companies and companies abusing a dominant market position). Companies are taxed on profits accrued in or derived from Gibraltar (i.e., territorial basis of taxation).

Income Tax in Gibraltar: Non-resident businesses do not pay income tax unless the source of this income is Gibraltar proper.

VAT Tax in Gibraltar: No sales tax or value added tax.

About Gibraltar

Capital: Gibraltar

Region: A British Overseas Territory and headland, on Spain’s south coast

Language: English

Currency: Pounds sterling

Time Zone: GMT+1

Dial Code: +350

Abbreviations: GIB

What we can do for your Company in Gibraltar

  • We do all paperwork on forming the company in Gibraltar
  • Formation is completely remote
  • Can act as Secretary or Treasury
  • Provide nominee Directors/Shareholders
  • Assist with opening a bank account
  • Registration for Taxes, VAT & EORI
  • Develop a website for your business
  • Create a logo of your brand
  • Provide with full company administration services
  • Arrange a mailing address for your business
  • Arrange a virtual office for your company
  • Telephone answering service
  • Book keeping, audit & reporting
  • Preparing and submitting VAT return
  • Dealing with local authority
  • Trademark registration

Gibraltar Company Formation. Gibraltar Offshore Controlled Company

Main Characteristics and the basic rules of Company registration in Gibraltar

Sometimes business owners choose small sized countries including island countries to test before taking their ventures to bigger markets. If you have similar thoughts and want to capture the European market in long run, choosing Gibraltar as the first overseas business destination sounds logical. This British Overseas territory is very small in size- just 6.7 km2. However, do not write it off for the dimension! The small island country, located next to Spain, has potential for business investors. You may want to check our Gibraltar Company Formation package for availing several benefits.

Gibraltar has a history of conflict over dominance between Spain and the UK. However, the sovereignty disputes are mostly sorted by now and investors need not worry much about it. The Govt of UK now handles foreign relations and defense etc.

The economy of Gibraltar has been thriving and the major areas are tourism, shipping, online gambling and finance related services. Even if your company is not exactly under any of these segments- there is no reason why you should not think of Gibraltar as a destination for venture expansion. There are quite a few UK based and international banks operating here.

When you start business in another country, hiring skilled and suitable workforce is a prime requirement. The majority of people in Gibraltar speak English and they also know Spanish. This will be good from business setup and expansion perspective.

For carrying out business operation in any country, robust transport and communication infrastructure is necessary. Gibraltar has prospered in these areas over the years by leaps and bounds. It is connected to the major cities in both the UK and Spain by daily flights. The Gibraltar Cruise Terminal is excellent for naval transport.

You should also think of Gibraltar for its tax advantages for businesses. The corporate tax rate in Gibraltar is only 10%-way lower than most countries in the EU. The lack of exchange control may also seem viable for business setup and expansion. You need not worry about inheritance tax, capital gains tax and VAT. However, you may still seek our Gibraltar Company Formation package so that delay and hurdles are minimized.

There are several factors that may motivate you to invest in this country. However, seeking our consultancy will make things easier for you. Contact BRIS group for expert assistance on the matter. You should take time to check out our Gibraltar Company Formation package.

Gibraltar Company FormationFinancial Advantages
Taxation:Gibraltar “Non-Resident Controlled” companies are not assessed for taxation in Gibraltar. Ordinary Gibraltar trading companies pay Corporation Tax at a rate of 10% on any profits.
Double Taxation Treaty Access:Gibraltar does not have any Double Taxation Agreements, but does have a number of TIEAs (Tax Information Exchange Agreements) in place with a number of jurisdictions worldwide.
Gibraltar Tax Information Exchange Agreements:Yes, TIEAs signed by Gibraltar
Account Filing Requirements:Yes. As per EU’s 4th and 7th. Directives on the filing of corporate accounts
Annual Return Filing Requirements:Yes annual return is required to be filed.
Audit Requirements:No audit required for companies with a turnover of less than GBP £4.08 million.
Gibraltar Company FormationRegistration Requirements
Share Capital:GBP 2,000
Classes of Share Available for Gibraltar company formation:Typically Ordinary Registered Shares of par value
Minimum paid up share capital:GBP 1
Bearer Shares:Yes allowed
Registered Office Required:Yes required to be maintained in Gibraltar
Registered agent:Yes required
Shareholders:Minimum number is one
Directors:Minimum number is one. Can be any nationality and need not be resident in Gibraltar. Corporate directors are allowed.
Company Seal:No
Your Company language:English
Name of your Company must be ended:“Limited” only
Documents required for Gibraltar company formation:A certified copy of your passport or ID and proof of your residential address dated less than 3 months.
Gibraltar Company FormationRestrictions
For Gibraltar company formation you cannot use words in your company names without justification:“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.
Restrictions on Trading:Gibraltar “Non-Resident Controlled” companies are not permitted to trade within Gibraltar or to have Gibraltar-source income, if they wish to avoid being treated as taxable in Gibraltar
Not permitted without a licence:Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.
Gibraltar Company FormationConfidentiality and Security
Publicly Accessible Records:Yes public register of company officers (Directors, Shareholders, Secretary)
Possibility to use Nominee Shareholders and Nominee Directors for Dominica Company Formation:Yes, Allowed
Disclosure of Beneficial Ownership to Authorities:Only subject to Court Order or TIES arrangements
Meetings of Directors and Shareholders to be held:Anywhere in the world, but typically held in Gibraltar
What is the stability to register Gibraltar Company:Dependable jurisdiction and prestigious reputation
About GibraltarGibraltar Company Formation
Capital city:Gibraltar
Region:A British Overseas Territory and headland, on Spain’s south coast
Political System:Parliamentary Democracy
Government:Constitutional Monarchy
Governing corporate legislation:The Companies Ordinance Act 1984 (as amended) as amended
Type of Law:English Common Law
Type of company:Gibraltar Non-Resident Controlled Company.
Currency:Gibraltar Pound + Pound Sterling (GBP £)
Exchange Control:None.
Language of Legislation and Corporate Documents:English.
Time Zone:GMT+1 .

This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.

BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.

Our team of consultants are here to take you through the process.