Tax Minimization in Gibraltar
Updated on Thursday 14th December 2017
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Gibraltar is what economists call “a tax haven”, as many taxes that are imposed throughout Europe are not applicable here. If you are interested in company formation in Gibraltar, we advise you to invest here as the economic environment offers good business perspectives in terms of taxation and on tax minimization procedures.
Taxes in Gibraltar
With a special regime in terms of taxes, Gibraltar has no double tax treaties in force with any other country, but it has signed 27 information exchange agreements.
An entrepreneur who wants to register a company in Gibraltar can have a series of tax advantages, created as a measure to help local and foreign investors to obtain business profits in a developed market. Our company formation agents can offer you more information about the tax regime in Gibraltar.
Unlike any other European country, Gibraltar does not impose the following taxes:
• capital gains tax;
• wealth tax;
• sales tax;
• value added tax,
• withholding tax on dividends.
Our company registration agents have also prepared this video on the main tax minimization solutions available in Gibraltar:
Information exchange agreements in Gibraltar
Although Gibraltar hasn’t signed yet any double taxation agreements, investors can rely on the Gibraltarian taxation legal system, as the country has ratified 27 information exchange agreements, which apply the international rules stipulated by the European Union and Organisation for Economic Cooperation and Development.
The agreements signed by Gibraltar offer the legal basis under which various tax relationships between countries are established, presenting the provisions on taxes, loans or transfer of assets that avoid double taxation of income generated in Gibraltar by foreign companies. Our company formation team can provide you further information on this matter.
If you set up a company in Gibraltar, the taxes paid on the income of your company will be charged only on the income accruing or deriving from Gibraltar; the rule is applicable to all types of companies.
Please contact our agents, if you need further details on the tax minimization system or if you need consultancy in opening a company in Gibraltar.