Gibraltar in known as a European financial center due to the legislation which is very friendly to foreign investors interested in setting up companies in the financial industry here. From investment funds to financial institutions, one can benefit from various incentives and clear licensing regulations when opening a company in this industry in Gibraltar.
Our company formation agents in Gibraltar can offer information on the laws governing the financial industry.
The main law providing for the establishment of companies in the financial industry is the Gibraltar Financial Services Regulations which was enabled in 1991. Foreign enterprisers interested in investing in the Gibraltar financial industry can set up companies in the following branches:
Foreign financial companies registered in EU countries are also welcome to set up branch offices in Gibraltar without special requirements.
In order to open a company in the financial sector in Gibraltar, one must register a company with the Companies House and then apply for the special licenses depending on the activities it will carry.
Once the Gibraltar company formation process is completed, the business owner must apply for a license with the Financial Services Commission. In order to obtain the license, one must prepare a set of documents among which a solid business plan and corporate governance code, according to which the Gibraltar financial company will operate.
It should be noted that special requirements related to the share capital of all types of financial companies are set in place by the Financial Services Commission. Upon completion of these requirements, an authorization team will review the documents and issue the financial services license for these companies.
For full information on how to apply for a financial license, do not hesitate to contact us. Our company registration consultants in Gibraltar can also assist with the company formation procedure.