Gibraltar 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.
Yes, foreign citizens can open a company in Gibraltar provided that they meet all the requirements of the new Company Act.
Yes, the company must have a registered office in Gibraltar. Foreign companies can also establish branch offices 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.
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.
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.
The most important documents for opening a company in Gibraltar are the Memorandum and Articles of Association.
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.
Depending on the business activity your company will undertake you may be required to apply for certain licenses or permits.
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.
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.