Gibraltar
Capital: Gibraltar.
Official languages: English.
Currency: Gibraltar pound.
Company registration provides the following benefits:
- There are no exchange controls.
- Zero taxation.
- Directors and shareholders may be individuals or legal entities who are not residents of Gibraltar
Gibraltar is a small British overseas territory located in the south of the Iberian Peninsula.
Gibraltar borders Spain and has access to the Strait of Gibraltar, which connects the Mediterranean Sea and the Atlantic Ocean.
One of the pillars of Gibraltar's economy is the financial sector. Developed areas include banking, insurance, investment consulting and taxation.
Features of taxation and reporting
Companies must file an annual tax return with a declaration of actual income received in order to take advantage of Gibraltar tax benefits.
- Gibraltar applies a territorial taxation system. Companies registered in Gibraltar are not subject to tax on income earned outside of Gibraltar.
- Various double tax treaties apply to residents of other countries.
Company registration
Time frame for company registration: 7 working days.
In Gibraltar, the most common form of company registration is a limited liability company (LTD).
It is a private company whose owners' liability is limited to the amount of their contributions or shares. That is, the owners are not liable for the company’s obligations with their personal property.
The minimum number of shareholders is one. Both individuals and legal entities are allowed.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants with notarization.
- Bank statement no older than 3 months from the date of application and source of income.
- CV for the director of the company.
A quick guide to registering a company in Gibraltar:
To quickly register Ltd, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
Additionally, opening an account in a local bank, bookkeeping and legal address are paid.
The bottom line
While Gibraltar today has favorable tax treatment and can provide a simple registration process, it is important to note that laws and regulations are constantly changing and companies must keep up to date with the latest tax and reporting updates in Gibraltar. Therefore, we recommend seeking professional advice from IT-OFFSHORE specialists.
Our specialists offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
