Gibraltar

Gibraltar is an overseas territory and dependence of the United  Kingdom located on the southern coast of Spain in Western Europe.

 
 
overview

Gibraltar

Key features of a Gibraltar company:  

  • Gibraltar has a long-standing international offshore financial history that goes back to the passing of Gibraltar Companies Ordinance 1967.

  • Of Gibraltar’s 4 types of offshore companies, the Non-Resident Company is by far the most popular offshore corporate structure.

  • Non-Resident Company is Gibraltar’s equivalent for International Business Company (IBC, or Offshore Company). It is a popular international investment and tax-planning vehicle. 

  • Due to Gibraltar’s relations with the EU, they have successfully distanced themselves from the negative  associations that people usually have on traditional offshore financial centres.

  • Of the wide-range of reasons to form an offshore company offshore, easing a company’s tax burden always remains high on the list.

  • Besides exempted from local taxes, Gibraltar’s Non-Resident Companies also enjoy secure asset protection and flexible corporate structuring, including single owner company.

  • Gibraltar Companies can have just one shareholder (natural or legal person, no nationality or residency restrictions).

  • Gibraltar Companies can have just one director (natural or legal person, no nationality or residency restrictions).

  • Beneficial owners’ details will not be part of public record.

  • Shareholders’ details and directors’ details are part of the public record, you may overcome it by using a nominee service.

  • There is no restriction on form of meeting for shareholders and directors, and no restriction for place of meeting.

  • To qualify for non-resident status, a company must be managed and controlled from outside Gibraltar. It will not be subject to any local taxes except for corporate tax on profits remitted to Gibraltar.

  • If a Non-resident controlled company trades within Gibraltar and with Gibraltar companies, it will be subject  to Gibraltar corporate tax at 10%.

  • For a company to achieve Non-resident status, it must be completely owned by non-residents. Gibraltarians and residents may not hold any interests in the company. Directors can be of any nationality and must not reside in Gibraltar. All board meetings must take place outside Gibraltar.

  • Minimum paid up capital: £ 1
Application Process:

To set up an offshore company in Gibraltar, each of the Directors, Shareholders, Beneficial Owners or Authorized Signatories is required to submit the following documents:

For Each Director , Shareholder & Ultimate Beneficial Owner:

  • Notarised / Certified True Copy of Passport
  • Notarised / Certified True Copy of Driving License or National ID
  • Notarised / Certified True Copy of Proof of Address (must be less than 90 days old)
  • Bank or Professional Reference Letter

If there are Corporate shareholders, the following documents must be provided:

  • Certificate of Incorporation
  • Memorandum of Association
  • Articles of Association
  • Articles of Incorporation
  • Register of Directors & Shareholding
We will first check if your proposed company name is available, and if yes, reserve it with the Companies House of Gibraltar.
The staff of Offshore Tech & Intermediary Services will also prepare the necessary company formation documents including the Memorandum of Association, Articles of association, Letter of appointment of director(s) and secretary.

We will prepare the full package of incorporation documents, and send it to you for approval and signing.

We will also file the documents to the Companies House of Gibraltar on your behalf.

Upon registration, hard copies of the official company incorporation documents including the Memorandum of Association and the Articles of Association will be sent to the address you provided via courier.
You can bring the received documents to open a corporate bank account, or you can let us open a bank account on your behalf.
Expected Timeframe:

The prescribed time frame for the formation of offshore companies in Gibraltar is approximately 7 working days.

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