Gibraltar company registration

DOING BUSINESS IN GIBRALTAR IN 2018

For over a decade, Healy Consultants Group PLC has been efficiently and effectively assisting our Clients with i) Gibraltar business registration ii) business licensing iii) business banking solutions iv) visa options and staff recruitment strategies and v) workspace rental solutions.

Gibraltar is a British territory located at the southern tip of Spain, and is a strategically-located naval port. Gibraltar company registration is governed by the Companies Ordinance Act 1984 (based on the UK Companies Act 1929), and offers legitimate tax advantages to international business people if properly-structured.

Summary table of Gibraltar company registration

SummaryLegally tax exempt LLCBitcoin trading LLCFinTech LLCFoundationTrust
Also known asNon-resident companyBitcoin companyBlockchain companyPrivate foundationInternational / Offshore trust
Best use of company?International tradingCryptocurrency tradingBlockchain technologyTax planningAsset protection
How long to supply company registration/tax numbers?1 week1 week1 week1 week1 week
How soon can you invoice Clients/sign sales contracts?2 weeks2 weeks2 weeks2 weeksCannot trade
How soon can you hire staff?2 weeks2 weeks2 weeks2 weeksCannot hire
How soon can you sign a lease agreement?1 week1 week1 week1 week1 week
How long to supply corporate bank account numbers?6 weeks2 months2 months2 months2 months
Corporate tax rate on annual net profits?Up to 10%Up to 10%Up to 10%0%0%
Limited liability entity?YesYesYesYesNo
Government grants and tax incentives available?YesYesYesYesNo
Resident director/partner/manager/legal representative required?NoNoNoYesYes
Minimum paid up share capital?£1£1£1£1£1
Can bid for foreign Governments contracts?YesYesYesYesNo
Corporate bank account location?NatWest InternationalLombard OdierBarclaysGibraltar International BankRBS
Can secure trade finance?YesYesYesYesNo
VAT payable on sales to local customers?Cannot trade locallyCannot trade locallyCannot trade locallyCannot trade locallyCannot trade
Average total business set up engagement costs?£7,750£13,500Request a proposalRequest a proposalRequest a proposal
Average total engagement period?6 weeks2 months2 months2 months2 months

Gibraltar company registration summary

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  • Advantages of Gibraltar company registration

    Gibraltar business registration advantage

    1. Gibraltar does not tax companies on their profit-making activities located outside of Gibraltar. For activities carried out within Gibraltar, the corporate tax rate is only 10%. Thus registering a company in Gibraltar can therefore prove to be a tax efficient option for many businesses;
    2. Unlike other British Overseas Territories and Crown Dependencies in Europe, Gibraltar is part of the EU. This gives it access to harmonized laws in the form of directives and regulations;
    3. Only 1 shareholder and 1 director are required to register a company in Gibraltar. The company can be registered in one week with a minimum paid up capital of €100;
    4. Gibraltar is the only European Union (EU) finance centre exempt from value added tax (VAT). As a member of the EU, Gibraltar has direct access to EU financial services markets through laws such as MiFID and AIFMD. In addition, British pensions held by expats anywhere in the world may be moved to Gibraltar-based schemes under the QROPS regime;
    5. Gibraltar’s common law system based on the English model makes the legal regime very accessible to foreign lawyers and businessmen;
    6. It is easy to open global corporate bank accounts to support business registration in Gibraltar. Healy Consultants works with internationally recognised banks such as HSBC, Standard Chartered and Citibank to provide corporate bank account services;
    7. Gibraltar’s excellent geographical location provides its industries an easy access to the markets of Mediterranean Europe and North Africa, thereby bringing great business to the country. The FDI amounts prove the same, especially looking at its special relationship with the European Union;
    8. Both English and Spanish are widely spoken in Gibraltar, making it easier for the foreign investors to adapt in the country.
  • Disadvantages of Gibraltar company registration

    1. Following registration of a Gibraltar LLC, shareholders and directors’ details are available for public viewing at the official register at the Gibraltar Registrar of Companies;
    2. Despite being part of the EU, Gibraltar is not part of the EU’s customs area or VAT area. Consequently, using an Isle of Man company is better than using a Gibraltar company for companies selling goods to Europe;
    3. Despite its stringent compliance laws, Gibraltar may be perceived as an offshore tax-haven;
    4. All companies registered in Gibraltar are legally required to submit annual financial statements to the Gibraltar Income Tax Office within nine months after the end of their financial year. Companies with annual sales below £500,000 are however exempted from audit requirements;
    5. During the pre-Brexit time, many companies had moved to Gibraltar due to i) it being a tax-free residence and ii) its proximity to the attractive EU market. However, post-Brexit, these companies will no longer be able to enter the EU freely. As a result, these companies could decide to dissolve or relocate again.

Company registration

  • Time to incorporate: One week
  • Cost to set up: £9,500
  • Minimum capital: £100
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 10%
  • Corporate tax base: Territorial
  • Shelf companies: No
  • Main company type: limited company

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Contact us

For additional information on our company registration services in Gibraltar, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Grace Odhiambo, directly:
client relationship officer - Grace