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The Gibraltar Company
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The Gibraltar company can be a very useful holding, investment or trading vehicle and benefits from being positioned within a well regulated and developed finance centre, with all the expertise associated with such centres.

Our common law system is based on English law and Gibraltar has implemented all relevant EU directives and all financial services legislation is in line with EU, FATF, IMF and OECD standards. In May 2007 the IMF for the 2nd time in 5 years gave Gibraltar a clean bill of health from a regulatory and compliance standpoint.

Despite being part of the EU, Gibraltar is exempt from VAT.

There is no capital gains tax and in most cases no tax on foreign dividends received in Gibraltar.

No withholding on interest paid out of Gibraltar.

No stamp duty or transfer tax payable on the transfer of shares in a Gibraltar company.

No withholdings on dividends paid out of Gibraltar.

A Gibraltar company will not be liable for tax on profits earned outside of Gibraltar.

Some Uses of a Gibraltar Company

Property ownership worldwide. There is no capital gains tax and no tax levied in Gibraltar on rental income from a property owned abroad.
Trading worldwide. No tax will be levied in Gibraltar on profits generated outside of Gibraltar as a result of a manufacturing activity or service provided.
Invoicing between two or more businesses. No tax will be levied on profits remaining in Gibraltar.
As an investment vehicle. No tax will be levied on profits resulting from trades carried out abroad.
Trading for own account. No tax will be levied on profits resulting from trading on own account, as these will be considered a capital gain.

Passporting

Any financial services business registered in Gibraltar can conduct business in any other EU member state without the requirement for further licensing in that state.

The procedure for registration once all documentation is in place is relatively quick.

Parent/Subsidiary Legislation

Legislation has been introduced to enable companies to take advantage of EU Directive 90/435 known as the Parent/Subsidiary Directive concerned with the exemption from withholding tax of dividends paid by subsidiary companies to parent companies when both companies are within the European Union.

Also interest and royalties can be paid between member state companies without the imposition of withholding tax.

Because of the good regulation and expertise available in Gibraltar we have been able to attract large players in the gaming and insurance worlds including names such as:

Partygaming
888.com
32 Red
Ladbrokes
Victor Chandler
Stan James
Zenith
Admiral

Know Your Client “KYC”

We will require relevant KYC documentation on all shareholders, directors and beneficial owners before we are able to incorporate your company.

This documentation will include references and identification documents such as recent bills showing your home address, together with a certified copy of your passport. We will also require details of source of funds for any bank account applications and information on intended use of the company, etc.