Gibraltar is one of the most prolific economies in the European Union, according to several reports issued by local and EU authorities last year. Its growing economy together with a low unemployment rate which shows a great purchase power are some of the greatest incentives for foreign investors seeking for new business opportunities. Businessmen in the trading industry could find interesting opportunities in the import or export sectors due to Gibraltar’s geographical position which enables them to transport goods to the European Community or for the community to other markets. This is why it is recommended to start a truck business in Gibraltar.
Our company registration agents in Gibraltar can offer information on the legislation related to carrying goods for truck companies.
Opening a company in Gibraltar implies an easy and fast process which is completed with the Trade Register in this country. Foreign investors interested in establishing a truck company in Gibraltar must follow the requirements of the new Companies Law for registering the business and then they must company with the Traffic Act of 2005 in order to carry out specific activities like road transportation of goods.
In order to open a truck business in Gibraltar, the company’s articles of association must specify transportation of goods by road as the objects of activity of the company. Our company formation consultants in Gibraltar can assist with the preparation of the incorporation documents.
As mentioned above, special attention must be paid to the provisions of the 2005 Traffic Act which provides for the conditions related to the transport of goods by road for truck companies. Apart from these rules, a Gibraltar truck company must also comply with the requirements of the Driver and Vehicle Licensing Department which provides for special driving licenses, called CPC licenses for professional drivers. Truck companies must also apply for the following licenses:
If the company imports or exports goods, it must also apply for the import/export permit with the Gibraltar Customs Authority.
Foreign investors interested in starting a truck business are invited to contact our Gibraltar company formation representatives.