Popular uses for Gibraltar Companies
We have clients that use Gibraltar Companies for the following purposes: Website Holding, Property Holding, Investment Holding, Import/Export, Copyright, Patent & Trademark Holding, Consultancy & Employment Services, Professional & Agency Services and other uses.
Gibraltar is a competative jurisdiction and a Gibraltar Offshore Company costs around one half to one third of the price of a company from Jersey, Guernsey, Isle of Man, Malta and Cyprus. A properly structured Gibraltar non-resident company is exempt from Corporation Tax, Capital Gains Tax and VAT. Regarding personal taxation there are no personal inheritance or wealth taxes in Gibraltar. A Gibraltar Company can appoint just one Shareholder and Director where official meetings can be waived or held anywhere in the world.
Party Gaming, William Hill and other betting companies carry out on-line operations in Gibraltar. This is because Gibraltar is connected to mainland Spain and the USA through a trans Atlantic cable. This excellent infrastructure sets Gibraltar apart from other offshore islands and attracts many successful web based businesses to Gibraltar.
Currently, a non-resident company that doesn’t trade or remit income to Gibraltar is not liable to pay local corporation tax, if it also meets the following criteria: that the Non-resident Gibraltar Company is one which is owned by a person or company, outside of Gibraltar and is controlled by a Director residing outside of Gibraltar. Subsequently, the entity will not be subject to Corporation, Capital Gains, VAT, or Wealth Taxes in Gibraltar.
A Gibraltar Company can be formed within three to four days or for an additional fee a company can be guaranteed to be incorporated within 24 hours. A Gibraltar Company can be ordered on-line through our order form where process is initiated by checking that the name of the company required is available, the completion of a simple due diligence form, and the payment of the relevant fees.
The officers and shareholders of a Gibraltar Company are required to be recorded at Companies House and the annual return detailing any changes is required to be filed every year. For most companies, only a short form of abridged accounts are required to be filed annually without a Profit and loss statement. A Corporate Director is permitted to be a director of a Gibraltar company. For most of our clients Keylink provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House. Records of the identity of the beneficial owners of a Gibraltar Company are not available as a public record. The OECD stated in 2008 that although Gibraltar complies with EU legislation there is no direct or immediate means under the Exchange of information Act or Evidence Act to identify beneficial owners of Gibraltar Companies. On 21 November 2013 Gibraltar signed an amended Tax Information Exchange Agreement (TIEA) with the UK Treasury allowing for the comprehensive automatic and spontaneous exchange of information.
Saveontax provides professional Nominee Corporate Director, Shareholder and Secretary Services, as an Associate of an Interna Accountancy Firm. We guarantee that your company will be properly formed and delivered to you and managed professionally, for the price quoted. There are aditional fees for accounting and audit which may vary
Non-resident companies structured using our nominee services are not liable to pay local corporation tax. The only annual fee payable is the annual return. There is no annual government fee payable. For the purposes of filing accounts, many companies fall under the small company category where there is an annual requirement to pay a small fee and file a simple abridged balance sheet at companies house.
A Gibraltar company cannot use a name of an already incorporated company in another jurisdiction, such as Coca-Cola, Microsoft, Nestle, etc. Also sensitive words in the opinion of the registrar at Companies House need special permission for use such as, Royal, Association, International, and Trust. If you can’t think of a name for your company, its not a problem. If you Contact Us now and we will forward you 20 names to consider.
|British Based Legal System||Yes|
|Type of Company||Non Resident|
|Disclosure of Beneficial Owner||Yes|
|Migration of Domicile Permitted||Yes|
|Tax on trade outside of Gibraltar||Nil|
|Non-English Language Names Allowed||Yes|
|Minimum Number of Shareholders||One|
|Minimum Number of Directors||One|
|Bearer Shares Allowed||No|
|Corporate Directors Permitted||Yes|
|Standard Authorised Share Capital||€2,000|