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Gibraltar
| Location | European Union (self-governing British Overseas Territory; joined EU with UK in 1973); located at entrance to Mediterranean; not an island. |
| Time Zone | Greenwich Mean Time +1. |
| Population | 30,000. |
| Capital | Gibraltar. |
| Airport | Gibraltar. |
| Language | English; Spanish also widely spoken. |
| Currency | Pound sterling; Gibraltar pounds are issued at par. |
| Dialing Code | +350. |
| Centre's Expertise | Funds, including experienced investor funds, trusts, insurance and reinsurance, captives, protected cell companies, wealth management. |
| Political System | Parliamentary democracy. |
| Legal System | English law as varied by local statute. |
| Personal Income Tax | Choice between allowance based (17-40%) and gross income based (up to £25,000: 20%; £25,001-£100,000: 29%; over £100,000: 35%); special tax residence schemes for high net worth individuals and high executives possessing specialist skills. |
| Corporate Income Tax | 22% (20% for small companies); low flat rate of 10% for all companies incorporated after 1st July 2009 i.e. all new companies; 10% low flat rate for all companies (whether incorporated before or after 1st July 2009) as from 1st January 2011. |
| Exchange Restrictions | None. |
| Tax Treaties | USA, Ireland, Germany, New Zealand, Australia, UK, Denmark, Austria, France, Portugal, Finland, Greenland and Faroe Islands. |
| Permitted Currencies | All major currencies. |
| Minimum Authorised Capital | No specific minimum. |
| Minimum Share Issues | One. |
| Shelf Companies | Yes. |
| Incorporation Time Scale | Three days; same day if urgent. |
| Incorporation Fees | £50 (£100 for urgent incorporation). |
| Annual Fees | Annual return: £45; filing of accounts: £10; filing of particulars of directors or secretaries: £10. |
| Minimum Number | Private company: one but a minimum of two is advisable; public company: seven. |
| Residency Requirements | None. |
| Corporate Directors | Yes. |
| Meetings/Frequency | Any location; once a year. |
| Disclosure | Yes. |
| Bearer Shares | Share warrants to bearer are permitted but these are required to be immobilised. |
| Minimum Number | One. |
| Public Share Registry | Companies house. |
| Meetings Frequency | Once a year; any location. |
| Annual Return | Yes. |
| Audit Requirements | Yes; certain derogations for small and medium-sized companies. |
| Registered Office | Yes. |
| Domicile Issues | |
| Company Naming Restrictions | Yes. |
| | New International Initiatives – Levelling the Playing Field? |
| | Marcus Killick discusses the widened supervisory remit of the Financial Stability Board and its likely impacts on world finance (05/05/2010) |
| | Gibraltar: Unshaken by the Storm |
| | Adrian Pilcher reports on a jurisdiction whose economy continues to defy the international fluctuations that have de-stabilised so many financial centres recently. (09/02/2010) |
| | Beyond G20 |
| | Marcus Killick, CE of Gibraltar Financial Services examines how the OECD is dealing with tax havens and ‘harmful tax practices’ (08/07/2009) |
| | The Gibraltar Experienced Investor Fund regime |
| | James Lasry considers the Gibraltar Experienced Investor Fund Regime and highlights its use as a versatile way of setting up a fund within the EU. (01/06/2009) |
| | Gibraltar funds |
| | With the introduction of the Experienced Investor Funds Legislation, Joey Garcia argues that Gibraltar has now positioned itself well as an alternative fund jurisdiction. (21/01/2008) |
| | Standards? Make mine a double! |
| | With regulation in most offshore centres now at least matching that of their "onshore" counterparts, Marcus Killick argues it’s time for the Financial Stability Forum to treat them equally (08/01/2008) |
| | Gibraltar: A viable alternative |
| | James Lasry reports on the phasing out of Gibraltar’s tax-exempt company regime and the benefits that can now be obtained through the European Parent Subsidiary Directive. (01/01/2008) |
| | read all |
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