Company Formation Gibraltar

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Frequently Asked Questions

Updated on Monday 18th April 2016

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Frequently-Asked-QuestionsGibraltar is a very attractive territory for foreign investors coming to do business here. However, with the recent changes in the legislation our specialists in company incorporation in Gibraltar receive a lot of questions. Below you will find the answers to the most frequently asked questions about company registration in Gibraltar.

1.Can a non-resident start a company in Gibraltar?

Yes, foreign citizens can open a company in Gibraltar provided that they meet all the requirements of the new Company Act.

2.Does the company have to be based in Gibraltar?

Yes, the company must have a registered office in Gibraltar. Foreign companies can also establish branch offices in Gibraltar.

3.What types of companies can I open in Gibraltar?

You can choose to open one the following types of companies: private company limited by shares, company limited by guarantee with a share capital, company limited by guarantee without a share capital, an unlimited company. You can also set up partnerships and sole traders in Gibraltar.

4.What is the minimum share capital in Gibraltar?

The minimum share capital to start a public limited company is 20,500 GIP. There are no minimum share capital requirements in case of private limited liability companies.

5.What are the basic steps for company incorporation in Gibraltar?

In order to open a company in Gibraltar you must have its Memorandum and Articles of Association prepared. You will also need copies after your passport and details of the directors and company secretary. Our agents in Gibraltar can draft the company’s Memorandum and Articles of Association.

6.What are the documents needed for company incorporation in Gibraltar?

The most important documents for opening a company in Gibraltar are the Memorandum and Articles of Association.

7.How fast can you incorporate a company in Gibraltar?

It may take up to a week to obtain the Certificate of Incorporation from the Companies House in Gibraltar. However, the process depends whether you will need additional licenses.

8.Do I need special permits and licenses in Gibraltar?

Depending on the business activity your company will undertake you may be required to apply for certain licenses or permits.

9.How can I open a bank account in Gibraltar?

In order to open a bank account in Gibraltar you will need your passport, an utility bill as proof of residence and valid telephone number and e-mail address. For opening corporate bank account you can request the services of our company incorporation agents in Gibraltar.

10.What are the taxes that I have to pay in Gibraltar?

Individuals are subject to the income tax in Gibraltar, while companies are required to pay the corporate tax which is currently established at 10%.

 

For additional questions or if you want to start a business here, please contact our company formation team in Gibraltar.

 

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Call us now at +44 203 287 0408  to set up an appointment with our lawyers based in England, who are handling company formation procedures in Gibraltar. Alternatively you can incorporate your company without traveling to Gibraltar.

As a BridgeWest client, you will benefit from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in Gibraltar.

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