Gibraltar has had a booming economy during the last years which has attracted a serious number of foreign investors. Gibraltar’s thriving economy is dominated by the financial services, the shipping and tourism and during the last years by the e-gaming industries.
Gibraltar’s economy has also proved to be strong during the Euro crisis demonstrating a consistent growth in the Gross Domestic Product. If until now the small territory was perceived as an extension of the United Kingdom because of their resembling legislation, Gibraltar has recently amended its Companies Law which now offers many more benefits to foreign entrepreneurs coming here.
The small territory, which is often referred to as The Rock, provides numerous tax incentives for those opening a company in Gibraltar, but also for foreign citizens looking for employment. Gibraltar is one the European territories with the most skilled and diversified workforces.
One of the most important aspects to be kept in mind is that Gibraltar does not impose a minimum share capital to those opening a limited liability company. Foreign investors have an array of business entities to choose from for company formation in Gibraltar. These are:
Foreign companies can establish branch offices or representative offices in Gibraltar.
The Companies Act requires all companies to have a registered office in order to be allowed to conduct business operations in Gibraltar. Companies must also have at least one shareholder, one director and a company secretary. Our company incorporation agents in Gibraltar will help you register a business with the Companies House.
We invite you to watch a video about how you can open a company in Gibraltar:
In order to register a business in Gibraltar foreign investors will need the company’s Memorandum and Articles of Association. The current Companies Act provide for simplified and shorter incorporation documents in order to ease the procedure. The founders will also be required to submit their passports and also details about the company’s director or directors and secretary. The registration takes a few days and once it is completed the founders will receive a Certificate of Incorporation.
Once the company is registered with the Companies House it will also be required to open a bank account and register for taxation purposes. The Gibraltar company will be required to submit audited accounts on an annual basis.
In the last several years, Gibraltar has gained a reputation as a very appealing financial and e-gaming hub in Europe. However, foreign investors also set up companies in other industries in Gibraltar. They also have many questions related to registering companies in the Rock, among the most usual being:
It is very easy to open a company in Gibraltar, as the authorities here have simplified the company registration process in the last few years for the purpose of attracting more foreign investors.
The new Company Law does not impose any minimum share capital for registering a company in Gibraltar, however foreign investors must consider the business start-up costs which imply the notary and registration fees, as well as the business licensing fees.
There are three main categories of licenses one will need to open a company in Gibraltar:
Our company registration consultants in Gibraltar can offer information on these licenses.
Yes, investors can register non-resident companies in Gibraltar.
Local companies are subject to a 10% rate on their corporate earnings.
Considering the country accepts nominee shareholders and directors you can request these types of services to our company formation agents in Gibraltar. You can also contact us for details about additional services and fees.