History of Gibraltar

Gibraltar has 28,000 inhabitants and is located on the southernmost tip of Spain, north of the Strait of the same name and is the entrance to the Mediterranean. It is a British overseas territory and was part of the United Kingdom since 1704. Supported by Spain, this strip of land, with an area of ​​543 km² 6, is the cause of considerable conflict between Spain and the United Kingdom.

Gibraltar as an offshore center

Besides being a member of the European Union, Gibraltar has a favorable tax system for offshore activities. The area allows for the formation of a holding company, often linked to British companies, which can benefit from the tax regime in the region, even if the owners and directors are located outside of Gibraltar. Gibraltar is also an ideal environment for entrepreneurs to find directors and nominee shareholders. Gibraltar also had his bag since 2007, the GibEx.

The order development aid is the standard text on taxation in Gibraltar: it is expected that non-resident companies can obtain the tax-exempt status. It also allows them to avoid paying income tax and the property for 25 years. State Tax exemption in Gibraltar requires:

  • The offshore company may not perform activities in Gibraltar.
  • A minimum capital of 100 GBP.
  • The company does not have to be owned by a resident of Gibraltar.
  • The company shall maintain a register of local shareholders.

The main type of offshore company is a privately held company and holding company based in the country meet the requirements to benefit from the system under the EU Parent-Subsidiary 2003/223 / EC and therefore qualify for an exemption from withholding tax on dividends receive a European subsidiary. This type of offshore company allows 95% of the profits to be retained. Anonymity can be achieved by the use of a nominee director and nominee shareholders.

Gibraltar Summary

Investment funds of Gibraltar are the most flexible in Europe and can be recorded by a minimum of 100,000 Euros of investment funds. The court is an alternative to Luxembourg, which requires a higher minimum investment requirements.

In his years of Gibraltar is that, as a member of the European Union can benefit from the EU legislation of dividends.

Gibraltar is also a great place for the company beginning in the structure of the Agency UK which can be operated without attracting scrutiny by tax authorities.

Since Gibraltar is no longer seen as a tax haven by the OECD companies can choose to pay 10% tax on profits or the lack of state and local income to be taxed at 0%.

Gibraltar is also an ideal destination for international operations of import-export (except for intra-Community transactions, given the absence of a number of European VAT). For freelancers and consultants will recommend the use of Gibraltar only if services can be performed remotely, otherwise we recommend the UK.