Gibraltar: company registration rules and documents in 2024

Gibraltar is located on the southern tip of the Iberian Peninsula, making it a key hub for businesses oriented towards Europe and Africa. Being a British overseas territory, Gibraltar has served as a crucial point for trade and a strategic asset in the Mediterranean region throughout the centuries. Today, these historical roots form the foundation of its stable economy, partially owing to British influence.

The following documents are required to open a company in Gibraltar:

1. Notarized copies of directors' and shareholders' documents, along with resumes.
2. Company name and articles of association.
3. Company's detailed business plan.
4. Tax declaration of the director.
5. Lease agreement for office space or a virtual office.

The registration process for a company typically takes 5-7 days. Upon completion, a certificate of incorporation will be issued.

Taxation in Gibraltar

Gibraltar provides opportunities for tax optimization. If a company does not conduct business activities within Gibraltar, it is exempt from corporate income tax, sales tax, VAT, and capital gains tax.

VAT is set at 0%, allowing companies not to pay for goods and services sold or provided within the jurisdiction. The exception applies to imported  goods, which are subject to the standard rate of 20% (applicable to food, clothing, and books) and reduced rates ranging from 0 to 5%.

The only mandatory tax is the yearly corporate tax, along with small fees for registration and annual information updates.

Gibraltar has also entered into agreements to avoid double taxation with most countries and a Tax Information Exchange Agreement (TIEA) with the following jurisdictions: Australia, Austria, Belgium, the United Kingdom, Germany, Greece, Greenland, Denmark, Ireland, Iceland, the Netherlands, New Zealand, Norway, Portugal, the United States, the Faroe Islands, Finland, France, and Sweden.

Thus, Gibraltar offers highly favorable tax conditions, allowing for the creation of effective tax strategies and profit maximization.

Before embarking on the self-registration of a company in Gibraltar, consult with qualified specialists at IT-OFFSHORE. You will obtain up-to-date information on rules and requirements applicable in 2024.