Gibraltar’s Distributed Ledger Technology (DLT) regulatory regime, introduced on 1 January 2018, is focused on the application of principles rather than rigid rules that could quickly become outdated for businesses based on rapidly evolving technology. It aims to create a centre of excellence for these technologies and an environment in which operating models and organisational structures can be explored, with new entrants able to participate freely.

In order to take advantage of Gibraltar’s entrepreneurial regulatory approach to DLT regulation, firms will have to demonstrate that they have ‘sufficient substance’ in Gibraltar. In practice, this will require premises in Gibraltar, local directors with expertise, anti-money laundering reporting requirements, satisfying capital adequacy requirements and the ability to meet local accounting and other reporting requirements.

In short, you cannot benefit from this ground breaking regulatory regime without contributing to Gibraltar’s reputation and economy. It is worth noting that if you already operate in Gibraltar under another licence, you may not require DLT licensing. The requirement for substance, however, is unaltered. 

Sovereign has developed a compelling suite of services to support businesses and help create substance to maximise opportunities and achieve long-term sustainability.

These services include:

Consultancy services
Establishing your legal entity
Individual non-executive directors, on a case-by-case basis
Guiding firms through regulatory process in obtaining a DLT Provider’s licence
Bespoke corporate insurance policies, including Cyber Security, Directors and Officers, PI, Key Man, Healthcare Engaging a local lawyer of your choice for specialist legal advice
Banking introductions
Occupational and private pensions
Accounting and payroll
Company secretarial and administrative support
Trademark and IP protection
Locating commercial and residential premises
Executive relocation and High Executive Possessing Specialist Skills (HEPSS) applications
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Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible.