Gibraltar offers a good economic environment and a strategic position for the foreign investors. Recent developments in the country have made it increasingly attractive for investments in various business fields and foreign companies that want to establish their presence there can open a branch in Gibraltar.
Our company formation agents in Gibraltar can offer you complete assistance during the company incorporation procedure and give you more information about the political, legal and commercial environment in Gibraltar.
A branch is an extension of the foreign parent company that does not have its own legal identity and thus is fully dependent on the mother company. It offers the investor the possibility to engage in economic and trading activities in Gibraltar and establish a strong client base there.
The branch is a good option for foreign companies that want to control the activity of the Gibraltar company. However, the foreign company must be prepared to deal with any liabilities or debts that may be incurred by the branch in Gibraltar.
Like other types of legal entities, the branch must be registered in order to carry out the same activities as the parent-company. The founder must submit the following documents to the Companies House in order to register a branch in Gibraltar:
A registration fee must also be paid when making the application. The documents must be translated into English.
Opening a branch office in Gibraltar has many advantages, among which the fact that it allows a foreign company to operate in this small country, compared to the liaison office, for example. Related to the taxation of the Gibraltar branch, it may have the same accounting period as the parent company, however it will be taxed in the Rock. The corporate tax rate applicable in Gibraltar is 10%- one of the lowest rates in Europe. The parent company must also issue a copy of its financial statements for the branch to file them with the Gibraltar Trade Register.
Here are a few of the most common questions our Gibraltar company formation consultants receive about registering a branch office:
The process of registering a branch in Gibraltar takes around 2 weeks.
The bank account opening is not difficult even if it takes longer, as this is the standard procedure for any type of company in Gibraltar.
No, there is no need for a representative of the parent company to come and file for the registration of the branch office.
The branch office is not required to appoint a local director, the director can be foreign national.
No, there is no need for a company secretary when opening a branch in Gibraltar.
Please contact our company registration agents in Gibraltar if you want to know more about investing in this country and other types of business entities available for foreign investors.