You may be considering opening a Gibraltar offshore bank account to transact some personal business offshore. Opening a personal offshore bank account in Gibraltar does not guarantee that you will save on tax or that your business affairs will remain confidential.
Under the EU tax savings directive, banks in Gibraltar can disclose details about your Gibraltar offshore bank account to the tax authorities in your home country. Furthermore its necessary to visit Gibraltar personally to open an account. For busy entrepreneurs this is both costly in time and incurs undue travelling expenses.
For the price of a return trip to an offshore centre you could form a company in a 'Tax Neutral' jurisdiction such as Gibraltar and open a Corporate bank account for a Gibraltar offshore company. There would be no need for you to visit Gibraltar to open a Gibraltar Company Corporate Bank Account. A company is a separate entity form a person and account opening procedures are different. By using our nominee director and shareholder service your name would not appear on any company paperwork and therefore your identity would not be directly linked to the Corporate bank Account. There are many advantages that the ownership of a Gibraltar company can bring to your business:
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Find out about our special rates for forming a Gibraltar Company