Gibraltar has always been a popular location to register offshore company Gibraltar. A tiny self-governed British dependent territory with a population of little over 30,000, it is strategically located near Europe’s southern point and connected to Spain by a short peninsular. Gibraltar has a high level of political and economic stability, as well as a well-regarded financial services industry, which is supported by a common law legal system based on English law.
A Gibraltar non-resident corporation is not subject to the Gibraltar tax system and hence does not need to register or file in Gibraltar for tax purposes. The cost of registering a company depends on a variety of criteria, including the type of business, if you require a licence, the cost of setting up an office, including the usage of a PO Box, local secretary, bank account creation, and other legal services such as signature and nominee service.
Key features and benefits of establishing a corporation in Gibraltar
Gibraltar businesses are exempt from paying Gibraltar taxes on their foreign earnings. In Gibraltar, there are no taxes on savings and investment income, capital gains, inheritance, wealth, capital transfer, or value-added tax (VAT).
EU Friendly: Gibraltar’s membership in the European Union makes it a suitable location for individuals and businesses wishing to conduct business in Europe.
Acceptable: Although the names of shareholders and directors appear on the public record, Nominee Directors are acceptable in Gibraltar.
Corporate Officers Permissible: A business can be contracted to function as Director or Shareholder of a Gibraltar firm, and the Director/s or Shareholder/s are not required to be Gibraltar residents.
Easy to establish: There is just one Director and one Shareholder, and there is no minimum capital requirement. The Director and Shareholder may be of any country.
Low maintenance: Small businesses are not required to submit accounts or have them audited. A Gibraltar corporation is not obligated to preserve records locally; if the firm wishes to keep documents to register offshore company Gibraltar, they can be stored elsewhere in the globe.
