Reasons you may want to choose Gibraltar for your company, banking, and residency.
Ceded in perpetuity by Spain to Great Britain under the Treaty of Utrecht 1713, Gibraltar has been a British overseas territory for more than 300 years. Gibraltar enjoys a great measure of self-government. Gibraltar’s Legal system mirrors that of England. It is a common law jurisdiction that applies the principles of Equity. The Trustee Act of Gibraltar is the maingoverning Act; it is based on the Trustee Act 1893 of the United Kingdom, with amendments being made from time to time. In 1989 Gibraltar introduced the Trusts (Recognition) Act.
Gibraltar provides the extensive scope of services that local and international investors require. Fully compliant with European standards of regulation, Gibraltar is home to numerous international trading entities and financial services companies. Gibraltar’s economy has often been described as ‘running on all cylinders’.
In Gibraltar there are no capital gains tax, inheritance tax, wealth tax, gift tax, VAT, withholding tax and no tax on interest or gains made on monetary investments. In addition, there is no taxation on dividends and interest paid by a Gibraltar Company to a non-resident recipient which includes investors in a fund. There is also no withholding tax on dividends. Special tax residency statuses for High Net Worth Individual relocating to Gibraltar (Cat 2 and HEPSS).
It might be a British territory but Gibraltar’s weather is rather more Spanish. Summers are dry, warm and sunny, and in winter temperatures drop to around a manageable 11C. From its vantage point over the Western Mediterranean, Gibraltar is known as the meeting place of continents. Its location means it is often viewed as a bridge between Europe and Africa, and the cuisine has touches of both continents. Gibraltar is proud to offer a high standard of primary and secondary education, with ambitious plans to build new schools well underway. Tertiary education is funded by the Government to qualifying individuals, and the recent opening of Gibraltar’s first university adds to the breadth of locally available academic opportunities.
