The following is a summary of our Datasheet for Gibraltar Companies. For a full copy of our datasheet please do not hesitate to contact us on telephone number +350 200 76651 or simply click here to email us.
It is the most cost-effective European jurisdiction. It is regulated to UK and EU standards.
CORPORATE LEGISLATION SOURCE
The Companies Act
USUAL MINIMUM CAPITAL
£1,000 paid up share capital or currency equivalent
Prior approval not required, name reservation is available for an additional fee. Many words sensitive eg Bank, Trust, Royal, Group, Gibraltar, DLT etc. Must end 'Limited'
TIME TAKEN TO INCORPORATE
3 days. Same day urgent incorporation available
Gibraltar is a peninsula of approximately three square miles at the southern most tip of Spain. It is one of the legendary Pillars of Hercules, poised between the two continents of Europe and Africa and guarding the gateway to the Mediterranean.
The official language is English, but most of the 30,000 inhabitants are bilingual in English and Spanish. The official currency is the British pound, although a local Gibraltar pound circulates along side and at par with the British currency. There are no exchange controls.
Gibraltar has been a Crown Colony of the United Kingdom since 1713, enjoys political stability, and its sovereignty is assured by the Gibraltar Constitution in which Britain undertakes never to enter into arrangements which would place the people of Gibraltar under the sovereignty of another state against their freely and democratically expressed wishes. Defence, foreign policy and internal security remain the responsibility of the United Kingdom who appoints the Governor as the representative of the Crown in Gibraltar.
UK Legal System
Gibraltar is self-governing. It enacts laws independently of the United Kingdom. Its legal system is nevertheless based on the common law and statute law of England, and therefore embodies the advantages and security of British company and trust law. Lawyers and accountants are UK trained and qualified.
Advantageous EU Relationship
Gibraltar enjoys a special relationship with the European Union. It is within the European Union by virtue of being a European territory whose external relations are the responsibility of the United Kingdom requiring Gibraltar to implement the EU directives relating to banking, insurance and financial services. However, article 28 of the 1972 UK Accession Treaty gives Gibraltar a special status in that the common custom tariff, the common agricultural policy and the harmonisation of turnover taxes and in particular value added tax do not apply.
The EU commission have confirmed in writing that the EU Parent and Subsidiary, Royalties and Interest and Mergers and Acquisitions directives apply to Gibraltar.
The Government of Gibraltar is committed to developing Gibraltar as an international finance centre within Europe, and has brought into its domestic legislation the European Union (EU) Directives. Gibraltar has in place a Banking Act and Insurance Companies Act and a Financial Services Act.
Gibraltar is "user friendly" and free of bureaucratic delays. Companies can be incorporated within a matter of days "off the shelf" companies are readily available, documents can be notarised and legalised within Gibraltar itself, and costs are extremely competitive when compared with other jurisdictions.
The Financial Services Act and it Regulations comply with the collective investment schemes? requirements of the EU Directives, enabling UCITS (undertakings for collective investment in transferable securities) to be established in, regulated and freely marketed from Gibraltar throughout the European Union. Compliance with these Directives places Gibraltar firmly on the map as a European finance centre where UCITS funds may be established in a friendly and competitive fiscal environment.
Legislation has also been introduced to enable companies to take advantage of EU Directive 90/435 known as the Parent/Subsidiary Directive concerned with the exemption from withholding tax of dividends paid by subsidiary companies to parent companies when both companies are within the European Union. Similarly interest and royalties can be paid between member state companies without the imposition of withholding tax.
Gibraltar enjoys sophisticated communications, having satellite based digital telecommunications systems, daily scheduled airline services, efficient postal service and land access to Spain.
There are no capital gains or inheritance taxes.
WHY FIDUCIARY GROUP
Fiduciary Management Limited has been providing company and trust services in Gibraltar for almost half a centuary. We are associated with ISOLAS LLP, the longest established law firm in Gibraltar. Our Chair, Peter Isola is also the Senior Partner at ISOLAS LLP and is a Notary Public who has substantial experience of companies and trusts not only in Gibraltar, but also in many other popular jurisdictions
Cost Effective and Reliable Services
Fiduciary is fully aware of the needs of its clients who require cost effective professional, efficient, and reliable services.
Fiduciary will ensure that, on receiving your instructions for a Gibraltar company, together with full due diligence, your documents, including, share certificates, declarations of trust, share transfer forms and the statutes of the company, duly notarised and legalised are ready to be forwarded by courier or express airmail within days.
Our services include:
- Incorporation of companies in Gibraltar and other major jurisdictions.
- Provision of registered office, company secretarial services and nominee shareholders.
- Provision of director services
- Preparation of powers of attorney together with the statutes of the company all of which are duly notarised and legalised.
- Applications for the opening of a company bank account.
- Management of company bank account.
- Preparing and filing annual returns and financial statements.
Fiduciary can also assist you with:
(a) A Gibraltar company for the purchase of property.
(b) Mortgage finance for the purchase of your property.
(c) A discretionary trust for the confidential ownership and succession of your assets.
(d) Registration of pleasure yachts on the British Registry and marine insurance.
(e) A Gibraltar company for trading, shipping or investment holding or other purpose.
GENERAL MATTERS RELATING TO GIBRALTAR COMPANIES
UK Legal System
Gibraltar is a self-governing British Overseas Territory. Ιt enacts laws independently of the United Kingdom. Ιts legal system is nevertheless based on the common law and statute law of England, and therefore embodies the advantages and security of British company and trust law. Lawyers and accountants are UK trained and qualifιed.
Gibraltar enjoys political stability, and its sovereignty is assured by the Gibraltar Constitution in which Britain undertakes never to enter into sovereignty discussions without the consent of the people of Gibraltar. Defence, foreign policy and internal security remain the responsibility of the United Kingdom who appoints the Governor as the representative of the Crown in Gibraltar.
lncorporation and Company Name
The area that takes the longest is the onboarding due diligence exercise that must be undertaken to ensure all KYC docs and forms have been provided and have passed our Compliance requirements in line with local regulations. Once this is done it takes approximately three days to incorporate a company, or for a small additional express incorporation fee, same day incorporations are available. Clearance of the company name is now almost instantaneous as it requires the person incorporating a company to ensure that no company with the same or similar name has been previously incorporated. Αvailability of the company name can be checked by us through our internet link with the Companies Registry.
Service providers can now reserve a company name for an additional non-refundable fee with the name being reserved for a period of 90 days.
lncome Τax, Estate Duty, Capital gains Τax, Gift Τax, Wealth Τax, VAΤ
Α Gibraltar company is not liable to income tax on non-Gibraltar source income, investment income from bank deposits and traded securities. There is no stamp duty on the issue of shares other than a £10 stamp duty payment on nominal share capital and on any increases in share capital. There are no capital gains taxes, gift taxes, wealth taxes or inheritance taxes in Gibraltar.
Non-Gibraltar Source lncome
Α Gibraltar company is not charged to local taxes on non-Gibraltar source income. There are also no withholding taxes on dividends, royalties and management fees payable to non-residents.