Forming a company in Gibraltar is relatively simple and has quite a few advantages compared to other EU jurisdictions. In Gibraltar there are two types of companies: resident and non-resident. Gibraltar resident companies, that is, companies physically trading within Gibraltar, are only obligated to pay 10% corporation tax on their profits. “Non-resident” companies (ie. Companies registered in Gibraltar but physically trading outside of Gibraltar) pay 0% corporation tax on profits. For non-resident companies, only a small annual duty in lieu of tax and annual filing fees at Companies House is required. (Please note the company’s position as “non-resident” does not have an effect on one’s personal tax position; we recommend seeking professional tax advice.)
Gibraltar is outside of the VAT zone and does not have a capital gains tax. There is no obligation to pay the share capital prior to incorporating a Gibraltar company, and only 1 shareholder and 1 director are required (they can be the same individual or entity).
Furthermore, Gibraltar allows for nominee services. We offer full Nominee Director, Secretary and Trustee shareholders included in our package price, which allows the beneficial owner to run their company confidentially. Note that the owner would be the only signatory on the company bank account; the nominees have absolutely no access. As of 1st January 2016 Gibraltar companies require a Tax Information Number (TIN) – this is included in the package for a Gibraltar company and will be required to open a bank account.
A Gibraltar company can be incorporated as quickly as the same day, providing all due diligence documents are received from the outset, and the expedite fee is paid. Standard incorporation takes 3-5 working days. Our low package price includes the registration of the company, all company documents, registered office address for 12 months, UK or Gibraltar address for mail correspondence if required, optional corporate nominee services for 12 months, and a bank introduction.
For pricing and more information, please fill out our contact form or reach out to our corporate specialists by emailing clientsupport@ibcf.com.