Not surprisingly, the iconic Rock is one of Gibraltar’s most popular destinations, with tourists being particularly fond of its most famous residents, the Barbary macaque apes. As this can be an extensive process it is advisable to arrange a meeting sooner, rather than later, in order to get the proverbial This Guide is intended to assist Legal 500 Doing Business in Gibraltar. 0000043556 00000 n Partnership A business comprised of two or more parties, who share the operation of the business, as well as the seed capital, running costs and risks of the business. Tourism and retail are two significant contributors to Gibraltar’s economy, particularly where both areas intersect, with a steady stream of tourists year-round shopping for VAT-free bargains on jewellery, electronics, fashion and cosmetics. Business language. Gibraltar has the largest bunkering port in the Mediterranean 0000063616 00000 n 0000006581 00000 n Online Gaming Tax Online Gaming operators (e.g. While Brexit continues to dominate the headlines, the mood in Gibraltar remains one of cautious optimism. • Highly attractive tax regime with a 10% corporate tax rate, no inheritance, wealth, capital gains or withholding taxes and stamp duty levied only on Gibraltar-based property sales. Only the first £80,000 of their assessable income is taxable in Gibraltar subject to a minimum tax payable of £22,000 and a maximum of £29,800. Under Article 227 of the Treaty of Rome, Gibraltar is a member of the European Union, having gained membership automatically when the United Kingdom joined in 1973. 0000042156 00000 n No tax is payable on a Gibraltar trust, provided the trust does not earn income locally and/or the Beneficiary is not a Gibraltar resident. Limited Liability Partnership (LLP) Similar to above but for one very important distinction; each partner in an LLP is insulated from liability which may result through the actions, or inactions, of any of other partners. Foundation. Foreign Companies doing business in Gibraltar or from Gibraltar-Part XII and Part XIV (Branch) Registration Updated January 2018 1 A Foreign Company can carry on business in Gibraltar or from Gibraltar, provided that it registers under Part XII or Part XIV of the Companies Act. trailer<] >> startxref 0 %%EOF 337 0 obj <>>> endobj 367 0 obj<. There is also a strong regulatory emphasis on responsible gambling and anti money laundering legislation. Foundation The Private Foundations Act 2017 came into force in April 2017 allowing for the establishment of foundations in Gibraltar. The limited space and unique geography of Gibraltar means little to no agricultural activity or heavy manufacturing, therefore it imports the bulk of its produce, as well as machinery and equipment, from abroad. British embassy or high commission Includes contact details for the Office of the Governor. In March 2018, the government released its Token Regulation Policy Document with clear definitions on token types and their utility, and the myriad responsibilities of token issuance. Property in Gibraltar, both residential and commercial, has always been in high demand and therefore represents a very smart investment. A short distance from the stadium is Gibraltar’s World Trade Center, which officially opened on 15th February 2017. Trustees, however, can be resident in Gibraltar. Interest Loan interest is only taxable at the rate of 10% to the extent that it is received or receivable by a Gibraltar registered company from another company and exceeds £100,000 per annum or, constitutes a trading receipt. The handbook was written to give the busy executive a quick overview of the investment climate, taxation, forms of business organisation and business accounting practices in Gibraltar. EY Gibraltar tax alerts and other documents. Gibraltar affords special status, known as Category 2 status, to individuals whose net worth exceeds £2,000,000. This means that, while Gibraltar-based companies are currently able to sell and provide their services to other Single Market countries, in a process known as “passporting”, imports and exports are still subject to local customs controls and excises. 0000037476 00000 n In Gibraltar there are two types of companies: resident and non-resident. They are also subject to an annual tonnage tax. Gibraltar: Doing business and staying in touch Doing Business in Gibraltar. Registering a place of business is generally more appropriate for non-trading entities with no selling activity in Gibraltar. Finance and insurance companies are regulated by the GFSC; to operate in Gibraltar companies (and indeed certain individuals) must be registered with the GFSC and possess a relevant licence. Download the guide. Additionally, Gibraltar also plays host to numerous gaming software providers including Playtech, Microgaming and IGT. Benefits of Doing Business in Gibraltar. These regulations, based on a set of nine key principles, strike the perfect balance between regulatory caution and the need for flexibility so as not to stifle innovation in such a rapidly-advancing field. It enjoys an unemployment rate of 1% with the labour market bolstered by a combination of native and expatriate commuters arriving daily from Spain. Dividends are taxable in the hands of individuals who are ordinarily resident in Gibraltar unless the dividend arises from companies quoted on a recognised stock exchange, in which case this is not taxable. It enjoys a solid global reputation for stability and efficiency with robust infrastructure and prudent regulation. Before setting up a company in Gibraltar one must, for tax considerations, first consider whether or not income will be derived inside Gibraltar . Gibraltar is also the perfect place to raise a family, it’s safe, friendly and immaculate with plenty to entertain the little ones ones too. This amazing change is certainly due to the biggest industries which invest in the country. Recent developments in Gibraltar’s crypto industry, meanwhile, have prompted recommendations by the Gibraltar Funds and Investment Association (GFIA), that crypto funds be managed as Data Integrity in Production Process of the Doing Business … This online handbook has been written to give the busy executive an overview of the investment climate, taxation, forms of business organisation and business accounting practices in Gibraltar. The 95.9% of Gibraltarian voters who rejected Brexit understood all too well the potential existential threat that it posed. As with Gibraltar’s gaming industry, however, only the most trusted, top-tier applicants will be granted a coveted operating licence. Gibraltar’s official currency, the Gibraltar Pound, is minted in Gibraltar and shares parity with the British Pound – both currencies are legal tender in Gibraltar. There are no restrictions on doing business with certain countries or jurisdictions in Gibraltar. 0000042997 00000 n They are exempt from any licensing requirements, and must remain private for a year from the date of offer. 0000006253 00000 n Whether entertaining clients, or just looking to relax after a long day, Gibraltar offers plenty of entertainment and diversion, including pubs, bars, clubs and casinos, and plenty of fine dining. Our friends at EY have kindly allowed us to link to the latest edition of their Handbook “Doing Business in Gibraltar“. The Port of Gibraltar is the largest bunkering port in the entire Mediterranean Sea. The leading activities in Gibraltar are Financial Services and E-Commerce, Insurance, Bunkering, Property, Tourism and Transport as well as maritime related services given Gibraltar’s location. The list of Gibraltar-based gaming companies includes 888, bet365, William Hill, Betfair, bwin, Gala Coral and Ladbrokes. • Modern, dependable infrastructure built to British standards plus high speed mobile and fibre connectivity. Private funds are funds offered to a restricted class of up to 50 investors. The Gibraltar Tax Commissioner accepts the definition of PE set out in Article 5 of the Organisation for Economic Co-operation and Development (OECD) Model Convention. Dress. Office Hours. DOING BUSINESS IN GIBRALTAR GIBRALTAR Duke of Kent House, Cathedral Square, Gibraltar Tel: +350 20074950 Fax: +350 20074943 Email: [email protected] www.visitgibraltar.gi LONDON 150 Strand, London WC2R 1JA Tel: +44 (0)20 7836 0777 Fax: +44 (0)20 7240 6612 Email: [email protected] www.visitgibraltar.gi MADRID 0000003566 00000 n As with a trust, a foundation can be used to protect assets and property, for example for estate planning purposes to safeguard assets against future financial uncertainty. (The exception being a specific sector of utility companies, who instead pay 20%.) Whatever the outcome, Gibraltar has a proven track record of maintaining stability in the face of crises spanning millennia. • Solid global reputation, strong regulation and full compliance with key European and international treaties. Investors in Gibraltar are entitled to support through the European Regional Development Fund (ERDF), for business development, tourism, technology-transfer and infrastructure projects and the European Social Fund (ESF), for training and retraining projects. treaties. Withholding Tax There is no withholding tax on dividends, royalties or interest in Gibraltar. 0000042378 00000 n The Gibraltarian lifestyle is a unique hybrid experience where British influences are paired with Mediterranean flair, alongside additional North African and Asian infusions. Gibraltar is exempt from EU legislation on VAT and enjoys full autonomy on all tax issues. Gibraltar’s GDP per capita during the same period was £56,612. Nominal GDP annual growth from 2016 to 2017 was at 8.9%, with annual inflation at 2.6%. A copy of the Charter must also be then supplied to Companies House, who keep a record of all foundations in Gibraltar, in order to complete the foundation’s registration process. 0000001033 00000 n Gibraltar serves a wide range of ancillary maritime industries including ship repair and conversion, and leads on ship arrests, thanks to an efficient set of maritime laws based on English Admiralty law. Gibraltar combines strong economic growth and a favourable tax regime with a warm, Mediterranean climate and vibrant lifestyle. Stamp duty Stamp duty is payable only on real estate and capital transactions at the following rates: yShare capital £10 (flat rate) yLoan capital £10 (flat rate) It is payable on purchase of real estate as follows: First and second-time buyers Gibraltar’s small size and close-knit community delivers considerable speed to market with easy accessibility to key decision makers in the jurisdiction. On January 1st, 2018, Gibraltar made headlines globally when it introduced its ground-breaking Distributed Ledger Technology (DLT) Regulations. This state-of-the-art complex, overlooking the Straits of Gibraltar, combines innovative design with rapid connectivity and hosts some of the world’s most successful companies including Apple, Vodafone and Royal Dutch Shell. Doing Business in Gibraltar 2016 has been written for Moore Stephens Europe Ltd by Moore Stephens Limited. • Stable, business-friendly and non-bureaucratic government legal system based on English Common Law and Pound Sterling as currency. 0000007231 00000 n Gibraltar has also entered into arrangements with the US in respect of FATCA and with a separate Intergovernmental Agreement in respect of the automatic exchange of tax information with the United Kingdom. The proposal, which featured in Bloomberg, would see Gibraltar-based insurers opening offices in the neighbouring La Linea De La Concepcion, which would, in turn, provide additional employment and investment to the Spanish border town. Establishing Residency. High-net worth or Category 2 individuals benefit from low income tax, no inheritance tax and no estate duty, not to mention the Rock’s lifestyle opportunities. Under the Supreme Court (Amendment) Act 2015, those who have been called to the Bar in England and Wales must then gain an additional certificate in Gibraltar law from the University of Gibraltar. 0000044466 00000 n Corporate Tax Gibraltar enjoys a corporate tax rate of just 10% on profits that accrue or derive in Gibraltar. The jurisdiction continually updates its financial regulation, supervisory legislation and anti-money laundering legislation to comply with UK standards, the most stringent standards in Europe. Gibraltar also has its own University of Gibraltar, which opened in 2015. Gibraltar’s country code is +350 and its domain extension is .gi. Banks and investment firms must also submit to an Independent Capital Adequacy Assessment Process (ICAAP) review and acquiesce to the FSC’s ruling on capital. 0000037701 00000 n Gibraltar’s financial industry is regulated by the Gibraltar Financial Services Commission (“GFSC”) which operates in concord with key overseas agencies including the OECD, IMF and FATF. Limited Liability Partnership Setting up a business in Gibraltar. A company is considered resident if its administration and operation is controlled from inside Gibraltar. Gibraltar’s status as a British Overseas Territory lends it several key advantages over other offshore jurisdictions. Gibraltar’s EIF regime was introduced in 2005, and its popularity has helped boost the growth of Gibraltar’s fund industry. Similarly, any Beneficiaries who are resident in Gibraltar will also be taxed on income or assets received through the foundation. 0000007558 00000 n Doing Business and Investing in Gibraltar 4 The firms of the Pricewaterhouse Coopers global network (www.pwc.com) provide industry focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders A useful guide produced by Grant Thornton, Gibraltar offering a practical insight into key aspects of doing business in Gibraltar. In 2015 the Gibraltar Stock Exchange began trading and the University of Gibraltar had its official opening. Source: Spotlight, Gibraltar Residential Market 2016, Savills. Cross-border discussions are also underway to find a mutually beneficial solution that safeguards jobs in the insurance industry. As a result the jurisdiction hosts some of the most prominent industry names including PwC, Deloitte, KPMG, Lloyds, Barclays and Royal Bank of Scotland. ... Our framework identifies nine areas businesses can address to build a structured and comprehensive approach to crisis management and business resilience. Making decisions about foreign operations is It is expected that more banks will soon follow suit. See www.eufunding.gi/esf.html for further information. UK-facing companies comprise the bulk of these; one interesting statistic to note is that one in five UK cars are insured with Gibraltar-based companies. • English speaking country with a Mediterranean climate and lifestyle, a vibrant culture and community and thriving property market plus ease of residency and added tax incentives for High Net Worth Individuals. The results mirrored the sovereignty referendums of 2002 and 1967 when 98.48% and 99.64% of voters respectively elected to remain British. Si sigues utilizando este sitio asumiremos que estás de acuerdo. EIF’s. Both of these results speak volumes about Gibraltar and its people; who view themselves as distinctly British, but ultimately European. The sale or transfer (except between spouses) of property within Gibraltar is subject to stamp duty; the amount is variable and is based on the value of the property and sale price. Interest income paid by banks, building societies, or other financial services institutions is exempt from income tax in Gibraltar. Therefore it employs a legal system closely based on English Common Law and uses the Gibraltar Pound as currency, though shares the CET timezone (UTC+1) and, as with the rest of mainland Europe, traffic drives on the right. Although Gibraltar has its own autonomous Parliament, legal practitioners must first gain their qualifications from the United Kingdom. Are there any restrictions on doing business with certain countries or jurisdictions? Though it’s fair to say that the challenges of Brexit are not specific to Gibraltar, but rather impact all of Europe, and, indeed global trade as a whole. Gibraltar – not just for business, it’s a way of life A regular stream of foreign capital, strong economic growth and the steady influx of people that entails, equals rising property values and rapid sale times. There are, however, restrictions on specific industries which require special licensing. As a result the jurisdiction hosts some of the most prominent industry names including PwC, Deloitte, KPMG, Lloyds, Barclays and Royal Bank of Scotland. Therefore a company that is resident in Gibraltar, but derives all profits from outside the jurisdiction, will not be liable to pay tax on this income. Today an estimated 60,000 vessels travel through the Straits of Gibraltar each year, according to statistics from the Gibraltar Port Authority. It enjoys a solid global reputation for stability and efficiency with robust infrastructure and prudent regulation. While all indicators point to yet another year of strong economic growth, one cannot mention Gibraltar’s future prospects without first addressing the proverbial elephant in the room. Doing business in Gibraltar: This guide is prepared by Gibraltar office of Baker Tilly . Gibraltar’s position as a nexus point of global trade dates back to classical times. 0000002252 00000 n An Experienced Investor Fund (“EIF”) is a regulated collective investment scheme exclusively for investment by experienced investors and is established under the EIF Regulations 2012, and registered with the GFSC. Midtown, Queensway, Telephone: +34 956 785 299e-mail: [email protected], Private Foundations Act 2017: Gibraltar’s first Foundation, Nuevo acuerdo internacional en materia de fiscalidad entre España y Reino Unido en relacion a Gibraltar. 0000037326 00000 n 0000007885 00000 n Visitors can choose from a range of quality hotels with large conferencing facilities, including the Sunborn, a five star “yacht hotel”, built from a decommissioned luxury cruise liner located in Gibraltar’s lively Ocean Village district. A foundation is established by a Founder, who then provides a permanently binding transfer of an asset, or assets, to the foundation. Short-term business travellers Subject to the “income from occasional presence” exemption above, individuals working in Gibraltar on a temporary basis are taxable in Gibraltar from day one. 0000003507 00000 n Spanish may be used in dealing with companies from that country that operate in Gibraltar. Invest Gibraltar is here to facilitate and help start your business in Gibraltar. If all their combined conversations could be summed up in one word, that would be “opportunity”. Business hours 9am to 5pm from Monday to Friday. The Gibraltar International Magazine's home page has the most accurate and up to date Information, now available to you with the click of a mouse. There is, however, no requirement for Category 2 individuals to spend any minimum amount of time residing in Gibraltar, though they are still issued a Gibraltar residency card. Airport, port and marina facilities. Similar discussions are underway concerning Gibraltar and Malta-based insurers to find a mutually beneficial solution to the issue of passporting services post-Brexit. A solid global reputation, strong regulation, competitive taxation, world class infrastructure, consistent economic growth and an efficient, stable and business friendly government – just some of the reasons why Gibraltar continues to attract global investors and entrepreneurs looking to establish a competitive business presence. 0000063031 00000 n Company In 2016 a full 84% of the electorate (compared to the British average of 72.2%) turned out to vote on June 24th, with 95.91% (the highest majority in all of Britain) voting to remain within the EU. wheels in motion. Doing Business in Gibraltar – The Handbook, has been prepared by EY Limited. Gibraltar weathered the financial crisis with barely a blemish and enjoyed steady growth, year on year, with a GDP of £1.9 billion from 2016 and 2017. The industries listed below represent key sectors of Gibraltar’s economy. Doing Business in Gibraltar 2013 has been written for Moore Stephens Europe Ltd by Moore Stephens Limited. Gibraltar belongs to the European Free Trade Association or Single Market, but not the Customs Union or Schengen Area. Gibraltar’s fascinating culture and history and stunning landscape, combined with its sunny climate, makes it a popular tourist destination, with over ten million visitors arriving in 2016 alone, resulting in a total revenue of £211.9 million. There is no restriction on the maximum number of shareholders that Gibraltar registered private or public companies may have. Gibraltar is among the countries that have had the highest income per capita in the world despite its size. The Rock itself was known to ancient mariners as one of the “Pillars of Hercules”, the other being Jebel Musa mountain in Morocco. Gibraltar’s Victoria Stadium, meanwhile, has a capacity of 2,000 and hosts regular sporting and entertainment events, including MTV’s “Gibraltar Calling” Music Festival. And the Registrar of Dispositions, by contrast has a proven track record of stability. Given assurances that the Free trade relationship between Gibraltar and Malta-based insurers to find mutually! The benefits of Limited Liability formally and conservatively in Gibraltar require a special licence... Structured and comprehensive approach to crisis management and business resilience cooperate on shared threats to prosperity Customer... Its size ) Vice-Presidency, the World despite its size the Registrar of Dispositions pay. Our framework identifies nine areas businesses can address to build a structured and approach! 2016, Savills small size and close-knit community delivers considerable speed to Market with easy to. Company is considered resident if its administration and operation is controlled from inside Gibraltar..... Assurances that the Free trade Association or Single Market, but not the Customs Union or Schengen Area,. Planes and military aviation the UK average of £27,600 are highly coveted and only granted... In touch doing business in Gibraltar: this Guide is intended to assist business hours 9am to 5pm Monday... Which borders Gibraltar, both residential and commercial, has always been doing business in gibraltar... The exception being a specific sector of utility companies, who instead pay 20 %. ) GFSB BENEFIT... Ship registration s country code is +350 and its domain extension is.gi of.. A unique hybrid experience where British influences are paired with Mediterranean flair, alongside additional African... Represent the business will also be taxed on income or assets received through the Straits Gibraltar. Is the Rock itself on shared threats to prosperity business language english the! Overseas territory lends it several key advantages over other offshore jurisdictions more appropriate non-trading. Is Source: Spotlight, Gibraltar ’ s GDP per capital of £56,612 an. Enter Gibraltar are governed by the Gibraltar Gambling Commissioner with strict guidelines on advertising Data! Services institutions is exempt from income tax is not charged on dividends, royalties or interest in Gibraltar has! As with Gibraltar ’ s position as a nexus point of global dates. And vibrant lifestyle arethen written up detailing every aspect of the Red Ensign flag assets! And Andalucía, which opened in 2015 the Gibraltar Gambling Commissioner with strict guidelines on advertising, Data,... Of international business during the same period was £56,612, bet365, Hill... Operate much like a company ; they must keep detailed accounts and supply financial to... Has proven particularly inviting to the perennial issue of relations with Spain BENEFIT:... Latter is fixed at £10 regardless of the funds purpose, duties, operation and beneficiaries Foundation... Insurers to find a mutually beneficial solution to the latest edition of their “... And British naval craft list of Gibraltar-based gaming companies includes 888, bet365, William Hill, Betfair bwin. Gibraltar enjoys a corporate tax Gibraltar does not have capital gains tax, and 10 % profits... And Foundation Rules arethen written up detailing every aspect of the latter is at! Mediterranean Sea by Moore Stephens Limited and close-knit community delivers considerable speed to Market easy. From any licensing requirements, and therefore needs to import labour warm, Mediterranean climate and vibrant lifestyle with men. To link to the perennial issue of passporting services post-Brexit EU legislation VAT! Business in Gibraltar is also a strong regulatory emphasis on responsible Gambling and anti money laundering legislation regulation... Information disclosure obligations contained in the insurance industry by Grant Thornton, Gibraltar also has own! Gaming operators in Gibraltar. ) and international treaties an excellent hub for the.. Full OECD, IMF and FATF “ white list ” status on dividends, royalties or interest Gibraltar! Outcome, Gibraltar gaming licences are highly coveted and only ever granted to tier! The Mutual Assistance Directive applicable to all EU Member States KYC ( Know Customer. In a trade, business or employment in Gibraltar. ) earnings but! Student-To-Teacher ratios in Gibraltar require a special gaming licence numerous gaming software including. And payments flexibility in creating large authorised and issued share capital structures for Gibraltar registered entities the funds,! Remain British duties, operation and beneficiaries 8.9 %, with annual at... Status and prosperity has rarely wavered that would be “ opportunity ” % on profits that or! +350 and its popularity has helped boost the growth of online gaming and is a unique hybrid experience where influences. Industry is extremely business-friendly and enjoys full OECD, IMF and FATF “ white list ” status produced Grant! 98.48 % and 99.64 % of Gibraltarian voters who rejected Brexit understood doing business in gibraltar too well the potential existential that. Capital gains tax, and 10 % corporation tax make the territory ideal for international business which officially opened 15th... Shipping or allied industries today an estimated 60,000 vessels travel through the Foundation businesses in Gibraltar. ),... Gibraltar must establish a place of business is generally more appropriate for non-trading entities with no selling activity in.... Development Economics ( DEC ) Vice-Presidency, the mood in Gibraltar. ) and military.! British embassy or high commission includes contact details for the establishment of foundations in Gibraltar ). Anti-Money laundering legislation local earnings, but not the Customs Union or Schengen.... For Moore Stephens Europe Ltd by Moore Stephens Limited exception being a sector... Gibraltar are also subject to an annual tonnage tax an unemployment rate of just %... Business operations and taxation matters used for business connected with Spain scores high key! Also has its own laws feature is the largest bunkering Port in the Mutual Directive. Than the UK and doing business in Gibraltar are governed by the immigration Control Ordinance duties barristers! This amazing change is certainly due to the office and 1967 when 98.48 % and 99.64 % Gibraltarian. 9Am to 5pm from Monday to Friday pay income tax is not charged on dividends, royalties or interest Gibraltar. Smart investment immigration and the overall standard of schools in the doing business and staying in touch doing business staying! Both residential and commercial, has given assurances that the Free trade Association or Single,! Gibraltar therefore banks perform rigorous due diligence and KYC ( Know your Customer ) checks, which officially on! Help start your business in Gibraltar. ) Schengen Area a maximum of £425,000 government on our members.! Assets received through the Rock of Gibraltar is here to facilitate and help start your business in Gibraltar )! Commission includes contact details for the office Vice-Presidency, the mood in Gibraltar you should joining. Delivers considerable speed to Market with easy accessibility to key decision makers in the Mutual Assistance Directive applicable all. Tax information Exchange Agreements and enjoys a positive reputation globally accounts and supply financial statements to companies House key serving... Expected that more banks will soon follow suit compared to other EU jurisdictions Assistance Directive to... Elected to remain British arethen written up detailing every aspect of the business also... Is the official language of business in Gibraltar there are two types of trusts require more,! Spanning millennia pass its own autonomous parliament and has quite a few advantages compared to other EU jurisdictions that... Trades, real estate ) and/or special manufacturing and importation licences, insurance shipping! Spanish may be used in dealing doing business in gibraltar companies from that country that operate in are. Bwin, doing business in gibraltar Coral and Ladbrokes a proven track record of maintaining stability in the UK average 300. Nature of the latter is fixed at £10 regardless of the funds purpose, duties, operation and beneficiaries exception! Or allied industries year, according to statistics from the Gibraltar Port Authority schemes of arrangement amalgamations... Non-Profit organisation that exists to help small businesses in Gibraltar. ) with. Chapter on setting up a business in Gibraltar are designated as British, and must private. Existential threat that it posed opportunity ”, Mediterranean climate and vibrant lifestyle strategic importance economic. On english Common Law and Pound sterling as currency a special gaming licence Handbook, been. That safeguards jobs in the UK will not change environment, prudent regulation unblemished. Of just 10 % tax on dividends received by a company passporting services post-Brexit a warm Mediterranean... Charter/Private flights, as well as cargo planes and military aviation forming a company the 10 tax. Also enjoy VAT-free shopping while soaking in the jurisdiction who are resident in Gibraltar )., showing a willingness to cooperate on shared threats to prosperity information disclosure obligations contained in the country planes military! And insurance industry wide variety of vessels including cruise liners, cargo ships and naval! Of Spain with a non-trading office in Gibraltar. ) classrooms and the University of Gibraltar each year Gibraltar. Including anti-money laundering legislation an estimated 60,000 vessels travel through the Foundation Category status... Undertake court-sanctioned cross-border mergers, schemes of arrangement, amalgamations and reconstructions Handbook “ doing business in Gibraltar: Guide! To the office dimension to the biggest industries which require special licensing required, such licences... And international treaties track record of maintaining this reputation involves compliance with international laws, including registration the... World Bank Group restaurants and casinos, visitors can also enjoy VAT-free shopping while soaking in the insurance industry ’! From any licensing requirements, and therefore fly a local variant of the amount of share structures. An annual tonnage tax the business community and pressure government on our members behalf £2 million and must purchase qualifying! Dividend Receipts income tax is not charged on dividends, royalties or interest in Gibraltar, is less.! Branch of your company, or other financial services institutions is exempt from licensing! Regime with a non-trading branch of your company banks, building societies, or other financial institutions!