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Open a Subsidiary in Gibraltar

Updated on Wednesday 07th September 2016

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Gibraltar is a sought destination for investments by foreign enterprisers. Considering the low-tax regime and excellent financial services, Gibraltar has a promising economy. This country is also a favorable offshore jurisdiction with the great advantage of being located in Europe. However, Gibraltar is fully compliant with all EU regulations. Foreign investors wanting to set up a subsidiary there may choose between the following types of companies:

  • ·         - companies limited by shares;
  • ·         - companies limited by guarantee with a share capital;
  • ·         - companies limited by guarantee without a share capital;
  • ·         - unlimited companies with or without a share capital.

In order to choose the right type of company, it is advisable to request the services of agents in company registration in Gibraltar.

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Requirements for opening a subsidiary in Gibraltar

When establishing a subsidiary in Gibraltar, foreign investors must comply with all the requirements of the Companies Act. The first thing foreign enterprisers must know is that Gibraltar companies are not required to deposit a minimum share capital, except when registering a private limited company that requires a minimum share capital of 100 GBP.

Subsidiaries in Gibraltar must have at least one shareholder, a manager or a director and a secretary. According to the law, nominee shareholders and directors are permitted in Gibraltar. The Gibraltar subsidiary must also have a registered office where the statutory books must be kept.

Gibraltar subsidiaries are required to inform the Trade Register about the company’s registered office, directors and secretary and share allocation or transfer. Gibraltar subsidiaries are also required to file their annual accounts with the Companies Register. Subsidiaries with a turnover that does not exceed 4.8 million GPB per year are not required to file audited accounts.

Find out from this video how you can open a subsidiary in Gibraltar:

Steps and documents to be submitted when opening a subsidiary in Gibraltar

The first step when opening a subsidiary in Gibraltar is to obtain approval for the chosen name with the Trade Register. Once the name is approved, the following documents will be submitted:

  • ·         - the subsidiary’s memorandum and articles of association,
  • ·         - a declaration of compliance,
  • ·         - information about the registered office,
  • ·         - a statement of the nominal share capital.

A registration fee must also be paid upon incorporation. The registration procedure does not take more than five days, but for an additional fee a subsidiary may be registered within 24 hours. Once the Gibraltar subsidiary is registered, the Trade Register will issue a certificate of incorporation.

Taxation of subsidiaries in Gibraltar

As any other resident company, the subsidiary will also fall under Gibraltar’s tax regulations. This implies a corporate tax of 10%, which is one of the lowest in Europe. This tax will only be imposed on the income derived here. Incomes made outside Gibraltar are not taxed here, such as the profits of the parent company. The main tax advantages a subsidiary can benefit from in Gibraltar are the lack of capital gains and royalties taxes. Also, Gibraltar has enabled a tax imputation system which provides for tax exemptions on dividend payments.

For details about registration fees, please contact our company incorporation agents in Gibraltar. You can also request the services of our company formation representatives in Gibraltar for setting up a subsidiary here.

 

Comments

  • Norris 2015-06-21

    I am in fact grateful to the owner of this website who has shared this wonderful piece of writing here.

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