Gibraltar is a self-governing, self-financing British Overseas Territory, currently within the European Union, that is economically prosperous by virtue of its highly diversified economy. Key sectors include financial services, FinTech, gaming, maritime and tourism. Located on the southern end of the Iberian Peninsula at the entrance of the Mediterranean, Gibraltar has a land area of just 2½ square miles (6 km²) and a population of c.30, 000.
Gibraltar enjoys a sophisticated range of banking, legal, accountancy and other professional services. Communications are excellent. With ‘passporting’ rights from Gibraltar into the UK secure, Gibraltar remains a unique alternative domicile and gateway for any business focused on the UK market.
Gibraltar has no Capital Gains Tax, no Inheritance or Succession taxes, no Wealth of Gift taxes, no taxes on Savings and Investment Income. There is also no VAT in Gibraltar and no withholding taxes on dividends, interest or royalties.
In 2015 Gibraltar was accepted by MONEYVAL, the permanent monitoring body of the Council of Europe, to be evaluated for compliance with the principal international standards to counter money laundering and the financing of terrorism.
Gibraltar currently has Tax Information Exchange Agreements (TIEAs) with 27 jurisdictions and was rated as overall largely compliant with the international standard for exchange of information by the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes in 2014.
ESTABLISH YOUR BUSINESS IN GIBRALTAR
Sovereign Trust (Gibraltar) Limited is a leading independent global corporate and financial services provider with over three decades of experience in the Gibraltar market. We will assist you to select the most effective and efficient legal entity for your business, and will then form and register that entity in line with local laws and regulations.
Sovereign has further developed a compelling suite of corporate services to assist the growth and sustainability of businesses in Gibraltar and beyond. We provide the necessary expertise in administering and managing companies, including company secretarial services, company law, board procedures, director responsibilities and shareholder relations, and financial and corporate compliance requirements. This enables business owners to focus on their primary business.
We also provide the administrative support to help businesses to maximise opportunities and achieve long-term sustainability, from full back-office solutions to assistance with tax and regulatory compliance. This includes bookkeeping and accounting, payroll and HR, insurance, banking introductions, pensions, trademark and intellectual property protection, obtaining local licences and permits, executive relocation and specialist tax advice.
Sovereign was founded in Gibraltar in 1987 and today it is our largest group office. Sovereign Trust (Gibraltar) Limited now employs over 100 staff and is one of the most significant private sector employers in Gibraltar.
Sovereign Trust (Gibraltar) Limited is authorised and licensed as a Professional Trustee and Company Manager by the Gibraltar Financial Services Commission (GFSC), which regulates all firms carrying on a regulated activity, as a business, in or from Gibraltar. The GFSC will not issue a licence unless it is satisfied that the applicant, including the persons associated with it, are fit and proper to undertake the regulated activity.
Details may be accesses on the GFSC Regulated Entities Register at http://www.fsc.gi/regulated-entity/sovereign-trust-gibraltar-limited-1603