Forming a company in Gibraltar (Europe)
Gibraltar is one of the most popular Offshore destinations for setting up in Europe.
A Member of the European Union, Gibraltar is fully independent in its fiscal governance while remaining a British Overseas Territory.
Gibraltar is Europe! It forms part of the European Union, it is the only jurisdiction in Europe to have a real status, allowing taxation at 0%
Offshore companies in Gibraltar allow all activities, import / export, provision of services and consulting but is also well known as a holding company of UK companies, which, when used as a Holding, allows up to 95% of profits to be assigned to it, thus reducing the UK tax considerably. Offshore companies in Gibraltar are used as a holding company for UK companies and reduce local taxes.
Gibraltar forms part of the European community and can also serve as holding for any European companies, benefiting from parent-subsidiary system in accordance with European Directive 2003/123/EC.
A Nominee Director will ensure anonymity at the Public Registry. The shares are held by a Nominee Shareholder which guarantees the anonymity of shareholders.
Corporate tax is 10% in Gibraltar, only for companies operating locally.
There in no corporate tax if the company does not conduct business in Gibraltar. There is no inheritance tax on shares held by non-residents.
There is no VAT. Companies invoice exclusive of tax.
The accounts of companies operating locally must be filed.
If the company does not operate in Gibraltar, this is not necessary.
Type of company
The usual form of company in Gibraltar is the LTD (Limited Liability Company), which is a limited liability company with capital.
The headquarters of the company must be registered locally in Gibraltar and will appear on all mail and the company headed note paper. This allows you to receive mail at the address indicated. There is also an optional virtual office service available complete with telephone number and personalized standard.
The standard share capital is 2000 GBP in Gibraltar, however it is not a requirement to transfer or release the capital within a specified period which enables you to set up a company with a capital of 1 EUR (or 1 GBP).
A multi-currency company bank account will be opened with Internet access and a Visa or MasterCard ATM card.
The Director may be of any nationality. A Nominee Director service offering additional privacy is the right approach for any company formation.
The Nominee Shareholder service is also a stock solution for offshore companies enabling privacy and anonymity guaranteed.
The easiest way to have your company set up in 24 hours is to choose a Ready-made company from a list of names of existing companies incorporated in advance to minimize delays. A period of 5-7 days plus postage is needed to set up a custom company.
Companies in the UK may have a Holding role and may hold movable or immovable assets as well as company stocks and shares. It is also an ideal destination for holding the shares of a European company in order to take advantage of the Parent-Subsidiary Tax Breaks.
The company has to be renewed each year, which involves paying a stamp duty, renewing the domicile of the corporate headquarters and the reappointment of the Nominee Director and Shareholder.
Conditions for forming a company
The final condition is that the business activity is legal both in Gibraltar and in the country in which the business is conducted. Forming an offshore company should not and cannot be used to legitimize an illegal activity.
The regulatory authorities in Gibraltar do not authorize financial activities, banking, betting, online gambling, and insurance, without an existing license.