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Why set up in Gibraltar

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Why set up in Gibraltar

The following points should help those who intend to set up and conduct business in or from Gibraltar, a jurisdiction of internationally noted quality:

  • Highly-developed business services infrastructure where it is possible to passport an EU licence in financial services such as insurance and re-insurance, EU-wide pensions, banking and funds administration, amongst others.
  • Distribute competitively priced VAT-free goods and services to the markets of the EU and Africa.
  • Conduct business in a quality low-tax jurisdiction with a profit oriented capital base at low levels of corporate tax, all in a stable currency with few restrictions in moving capital or repatriating dividends.
  • A legal system modelled on the English structure contributes to making Gibraltar the duly regulated, globally acclaimed jurisdiction it is today.
  • A variety of interesting fiscal products ranging from lucrative funds development and administration to customized financial solutions, ranging from international tax planning strategies to monthly tax-free registered debentures (stable bonds with an attractive non-taxable fixed rate).
  • A high-quality environment for corporate accommodation, with modern services and workspace.
  • Start-up incentives, including a start-up rate of 10% applicable to any new businesses established in Gibraltar after 1 July 2009.
  • A stable political and economic environment.
  • Benefits from EU membership.
  • Enhanced, weather-protected port facilities outside of the European Customs Union make Gibraltar ideal for cruise liners and cargo handling/logistics alike.
  • An international airport with scheduled flights to the UK, in conjunction with proximity to Spanish regional airports at Malaga, Seville and Jerez.
  • One of Europe’s most advanced fibre-optic communications networks, offering quality solutions for businesses.
  • A multi-skilled, suitably qualified workforce with training assistance to update skills as and when needed.
  • A harmonious, multicultural and English-speaking environment, as favoured by most international businesses, providing pivotal access to regional markets in Mediterranean Europe and North Africa (the majority of people in Gibraltar are at least bilingual).
  • The Common Agricultural Policy, Value Added Tax and the Common Customs Tariff do not apply to Gibraltar since it falls outside the EU Customs Union.
  • Classified as a developing country, Gibraltar is entitled to preferential trade tariffs under the Generalised System of Preferences (GSP).
  • Legislation is in place to encourage High Net Worth Individuals (HNWIs) and High Executives Possessing Specialist Skills (HEPSS) to establish tax residency in Gibraltar, affording them the opportunity to have the tax payable on their income restricted to a capped amount.
  • Gibraltar relishes from warm summers and mild winters – around 300 days of sunshine – and a high quality of life, with a wide variety of sporting, cultural and entertainment facilities, both in and around Gibraltar (an enviable lifestyle with the professionalism and vibrancy of a modern yet mature location).

In short, whatever the reason for establishing a business activity in Gibraltar, The Rock has something for everyone.

For further information, please contact:

Department of Employment
76/77 Harbours Walk
New Harbours
Tel: +350 20011000