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Overview

Gibraltar provides an impressive range of products and services for both local and international businesses through its special EU membership. As a modern, vibrant, low tax jurisdiction, it boasts a first-rate professional infrastructure that is fully compliant with the most stringent European standards of regulation.

A key element of Gibraltar’s successful development is the government’s pursuit and implementation of policies that create and sustain a stable environment promoting increased levels of business activity and investor confidence.

Some salient points include:

  • The ability to passport EU licenses in financial services such as insurance and re-insurance, EU-wide pensions, banking and funds administration.
  • The existence of a high quality, extremely well regulated, low-tax environment all in a stable currency with few restrictions in moving capital or repatriating dividends.
  • A legal system modelled on the English system
  • The availability of fiscal products ranging from lucrative funds development and administration to customized financial solutions, and from international tax planning strategies to monthly tax-free registered debentures (stable bonds with an attractive non-taxable fixed rate).
  • Start-up incentives, including an immediate 10% corporation tax rate applicable to any new businesses established in Gibraltar after 1 July 2009.
  • A stable political and economic environment.
  • The benefits of EU membership.
  • The ability to distribute competitively priced VAT-free goods and services to the markets of the EU and Africa.
  • An international airport with scheduled flights to the UK and Morocco, in close proximity to Spanish regional airports at Malaga, Seville and Jerez.
  • One of Europe’s most advanced fibre-optic communications networks, offering quality solutions for businesses.
  • A multi-skilled, suitably qualified workforce with training assistance to update skills as and when needed.
  • A harmonious, multicultural, English-speaking environment, providing easy access to regional markets in Mediterranean Europe and North Africa.
  • The Common Agricultural Policy, Value Added Tax and the Common Customs Tariff do not apply to Gibraltar since it falls outside the EU Customs Union.
  • Classified as a developing country, Gibraltar is entitled to preferential trade tariffs under the Generalised System of Preferences (GSP).
  • Legislation is in place to encourage High Net Worth Individuals (HNWIs) and High Executives Possessing Specialist Skills (HEPSS) to establish tax residency in Gibraltar, affording them the opportunity to have the tax payable on their income restricted to a capped amount.
  • Warm summers and mild winters with around 300 days of sunshine per years means an enviable quality of life, with a wide variety of sporting, cultural and entertainment facilities, both in and around Gibraltar.