*** To maintain good standing, your Gibraltar company must pay an annual renewal fee. This fee is a flat rate and free from hidden charges.

What’s included for 2199

● Incorporation of Company
● Gibraltar Government Registration Fees
● Registered Office for 1 year
● Registered Agent for 1 year
● Certificate of Incorporation
● Memorandum of Association
● Register of Members
● Membership Certificates
● Lifetime support

Why Gibraltar

Gibraltar’s strategic location, coupled with its advantageous tax regime, makes it a prime destination for entrepreneurs, especially those looking to tap into European and African markets. Its government has developed policies that are entrepreneur-friendly, ensuring streamlined processes for setting up businesses. Moreover, Gibraltar’s fiscal options cater mainly to businesses involved in international trade, finance, and e-commerce, providing them with competitive advantages in the global market.

Benefits of opening a company in Gibraltar

Gibraltar’s strong financial services sector provides access to banks, insurers, and other essential services, which are important for setting up a new company smoothly. Additionally, the territory’s proximity and links to both the UK and EU offers further advantages in terms of trade and workforce.

1. 1. Tax Efficiency: Gibraltar has a favourable tax regime with low corporate tax rates. Many companies benefit from these tax advantages, including exemptions for certain types of income and capital gains which makes Gibraltar attractive for incorporating companies.
   2. No Capital Gains Tax or Value Added Tax (VAT): Gibraltar does not levy capital gains tax, making it attractive for companies involved in investments or asset sales. Gibraltar does not charge VAT which is attractive for companies with substance in Gibraltar.
   3. Gateway to International Markets: Registering a company in Gibraltar offers a strategic position for accessing both European and international markets. Though not part of the European Union after Brexit, Gibraltar still has financial and trade links with the EU, ideal for businesses involved in cross-border trade. Gibraltar’s status as a British Overseas Territory also offers access to UK markets.
   4. Simple Compliance and Reporting Requirements: Compliance in Gibraltar is straightforward, with requirements that are generally easier to meet compared to other jurisdictions. Taxes are charged annually to minimise administrative burdens and allow businesses to focus on growth.
   5. Access to a Skilled Workforce: Gibraltar’s workforce is highly skilled, multilingual, and especially knowledgeable in areas such as finance, technology, and insurance. This workforce is also well-educated and highly trained, thanks to Gibraltar’s strong British curriculum education system. This makes company setup in Gibraltar ideal for businesses that require a high level of technical knowledge and industry expertise.
   6. Access to Advanced Financial Services: Gibraltar also has a well-established financial services sector. The territory has built a reputation as a trusted financial centre, attracting global banks and insurance companies that offer a wide range of services. For businesses, this means easy access to financial expertise and services that support growth and expansion.
   7. Competitive Operational Costs: Gibraltar has competitive operational costs compared with other business hubs in Europe and the UK. Office rentals, wages, and business services are all comparative, allowing businesses to streamline their expenses while maintaining quality.

Types of Business Entities in Gibraltar

• Partnership
• Limited Liability Partnership
• Company
• Protected Cell Company
• Trust
• Foundation

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.

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.

COMPANY

Companies are fully distinct legal entities which enjoy the benefits of limited liability. There are two main types, Public Limited Companies (PLC), whereby shares are available to the public, and Private Companies (Ltd), which are limited by shares or guarantees. There is no restriction on the maximum number of shareholders that Gibraltar registered private or public companies may have.

A director of a Gibraltar company is not required to be resident in Gibraltar, though residence substantiates management and control of the Gibraltar company, which is a basis upon which tax residency is determined in Gibraltar and many other jurisdictions.

Gibraltar companies may also undertake court-sanctioned cross-border mergers, schemes of arrangement, amalgamations and reconstructions.

PROTECTED CELL COMPANY (PCC)

Under the Protected Cell Companies Act 2001, a new form of company was introduced in Gibraltar, the PCC. PCCs allow specific assets and liabilities to be cordoned off into specific cells, which operate as part of the same core company, but are also distinct and separate from each other cell.

This type of company structure is particularly beneficial for finance and insurance companies, who may, for example, utilise different cells for different investment schemes or different insurance policies with varying degrees of risk.

In order to do so they must first become sanctioned to do so by the GFSC and pay them an annual fee of £3,000 (plus an additional £1,000 for each cell).

TRUST

A trust can be set up for the purposes of asset protection, for the transfer of assets, ownership of property or for estate planning purposes.

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. Trustees, however, can be resident in Gibraltar.

Asset Protection Trusts are particularly popular, since they offer various key benefits, including shielding a settlor’s strategic assets against future claims by creditors. These types of trusts require more disclosure, however, including registration with the GFSC and the Registrar of Dispositions.

FOUNDATION

The Private Foundations Act 2017 came into force in April 2017 allowing for the establishment of foundations in Gibraltar. The primary characteristic of a Foundation is that it exists and operates as a separate legal personality, with the ability to hold and manage property in its own name.

A foundation is established by a Founder, who then provides a permanently binding transfer of an asset, or assets, to the foundation.
A Foundation Charter and Foundation Rules are then written up detailing every aspect of the funds purpose, duties, operation and beneficiaries. 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.

Foundations operate much like a company; they must keep detailed accounts and supply financial statements to Companies House. The 10% tax rate also applies to any income derived from inside Gibraltar. Similarly, any Beneficiaries who are resident in Gibraltar will also be taxed on income or assets received through the foundation.

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. Unlike a trust, a foundation has legal personality and can hold assets as legal and beneficial owner.

Funds

Gibraltar has become a prime jurisdiction for funds in recent years, with legislation allowing for a range of options including Private Funds and Experienced Investor Funds.

Private funds are funds offered to a restricted class of up to 50 investors. They are exempt from any licensing requirements, and must remain private for a year from the date of offer.

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. Gibraltar’s EIF regime was introduced in 2005, and its popularity has helped boost the growth of Gibraltar’s fund industry.

An EIF can be established as a Gibraltar limited company, a Gibraltar unit trust, a Gibraltar limited partnership, a Gibraltar protected cell company or any other form recognised in Gibraltar (which may include foreign structures where the management and control is in Gibraltar) and which is approved by the GFSC.

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 EIF’s.

Incorporation Procedure

Documents from individuals:

• Certified Copy of a Passport
• Certified Copy of a Utility Bill e.g., Gas / Electrical or Bank Statement (dated within the last 3 months)
• 3 Proposed company name
• Completed Application Form (we will provide).
• Linked in profile / CV
• Selfie of passport
• Source of funds – it can be the following
  ❖ E.g – Dividends certificates showing your dividend income + bank statement confirming the payments
  ❖ E.g – Property tile/certificate confirming the property you own and rents out + bank statement confirming the rental income
  ❖ E.g – 3 x Invoices/3 x Payslips relating to the company + supporting bank statements showing the income

Documents from legal entities:

• Copy of the Certificate of Incorporation;
• Copies of incorporation documents (Articles of Association and Memorandum of Association).
• Register of directors/shareholders/members

Note: Where documents are in a language other than English, a certified translation of the full document into English must be provided, with the original document.

Company Structure

• Minimum Number of Directors: One local director above 18 years is mandatory in Singapore. However, a nominee director can be appointed
• Minimum Number of Shareholders: One shareholder is required for companies in Singapore. A director can be a shareholder. And they can be an individual or corporate entity.

Timeline

Once we have received all the required identification documents, the company formation process will take approximately 7 working days subject to compliance review.

Taxation Policies