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Gibraltar

Gibraltar: Business Overview

About Gibraltar

Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula, bordering Spain. It controls the entrance and exit to the Mediterranean Sea, known as the Strait of Gibraltar. Gibraltar has a population of approximately 34,000 people. English is the official language, with Spanish also widely spoken. The currency is the Gibraltar Pound (GIP), which is pegged at par with the British Pound (GBP). Gibraltar follows the English Common Law system and has its own elected government responsible for domestic affairs, while the UK is responsible for defense and foreign relations.

Major Cities and Financial Hubs

Gibraltar itself serves as the primary city and financial hub. The city hosts a range of financial institutions, gaming companies, and other businesses, making it a vibrant center for commerce. Key areas such as Main Street and the World Trade Center are bustling with economic activities, leveraging Gibraltar's strategic location and favorable business environment. These areas provide modern office spaces and facilities that cater to both local and international businesses, enhancing Gibraltar's appeal as a business destination.

Infrastructure and Connectivity

Gibraltar boasts excellent professional, communications, and physical infrastructure. The territory’s international airport provides direct flights to major European cities, enhancing its accessibility. Gibraltar’s strategic location at the entrance to the Mediterranean Sea offers significant advantages for maritime traffic, with comprehensive port services available, including ship repair, bunkering, and provisioning. Additionally, Gibraltar has a well-developed road network and advanced telecommunications infrastructure, ensuring smooth connectivity and reliable communication for businesses.

Economic and International Relations

Gibraltar is a prominent international financial center, offering a wide range of services, including banking, insurance, investment funds, and wealth management. It enjoys a favorable regulatory environment and a robust legal framework that attract businesses from around the world. Gibraltar has close economic ties with the UK and the European Union, despite not being a member of the EU, facilitating trade and investment flows. The territory is also a leading hub for online gaming companies, benefiting from advanced IT infrastructure, a skilled workforce, and supportive government policies. These sectors drive economic growth and create a dynamic business environment in Gibraltar.

Language and Legal System

The official languages of Cyprus are Greek and Turkish, with English widely spoken, especially in business contexts. English is often used as the lingua franca in international business dealings. Cyprus follows the English Common Law system, which is one of the most widely used legal systems in the world for international finance and commerce. This legal framework provides robust protection for businesses and investors, ensuring a high level of legal certainty and transparency. The judiciary in Cyprus is independent and known for its efficiency and professionalism.

Business Environment and Regulations

Gibraltar offers a streamlined process for business incorporation, supported by business-friendly regulations and low tax rates. The corporate tax rate is 10% for most businesses, and there are attractive tax regimes for high-net-worth individuals. Gibraltar does not levy capital gains tax, inheritance tax, estate duty, or wealth tax, and it does not impose Value Added Tax (VAT). The territory has a robust regulatory environment that complies with international standards, overseen by the Gibraltar Financial Services Commission (GFSC). Data protection laws similar to the EU’s GDPR ensure high standards for privacy and data protection.

How Can We Help You Establish and Operate in Gibraltar

Jürgen Astor is your trusted partner for establishing and operating your business in Gibraltar. With our deep expertise in the region and comprehensive service offerings, we simplify the process of setting up and managing your business in Gibraltar.

Our Services Include:

  • Business Setup in Gibraltar

  • Corporate Services in Gibraltar

  • Accounting and Bookkeeping Services in Gibraltar

  • TAX and VAT Advisory in the Gibraltar

  • HR and Payroll Management in Gibraltar

  • IT and Digital Solutions in Gibraltar

  • Legal and Compliance inGibraltar

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Investments Opportunities
and Key Sectors:

  • Financial Services: Gibraltar is an international financial center offering opportunities in banking, insurance, investment funds, and wealth management. The territory's favorable tax regime and robust regulatory framework support these sectors.

  • Online Gaming: As a leading hub for online gaming companies, Gibraltar offers significant investment opportunities, supported by advanced IT infrastructure, a skilled workforce, and a supportive regulatory environment.

  • Tourism: Gibraltar's unique location, historical significance, and natural beauty attract tourists, providing investment opportunities in hotel development, leisure facilities, and tourism services.

  • Real Estate: The real estate market in Gibraltar is thriving, with demand for residential and commercial properties. The favorable business environment and growing economy drive real estate investments.

  • Shipping and Maritime Services: Gibraltar's strategic position at the entrance to the Mediterranean Sea offers investment opportunities in ship repair, bunkering, and port services, supporting its busy maritime traffic.

  • Technology and Innovation: Gibraltar supports a growing tech sector, with opportunities in ICT, e-commerce, and innovation hubs, backed by government initiatives and a skilled workforce.

Tax Advantages
and Incentives:

  • Corporate Tax Rate: Gibraltar offers a low corporate tax rate of 12.5%, making it an attractive destination for international businesses.

  • No Capital Gains Tax: Gibraltar does not levy capital gains tax, enhancing its appeal for investors and asset holders.

  • No Inheritance Tax: There is no inheritance tax, estate duty, or wealth tax in Gibraltar, facilitating efficient wealth transfer and estate planning.

  • No VAT: Gibraltar does not impose Value Added Tax (VAT), reducing the overall tax burden for businesses and consumers.

  • Personal Income Tax: Attractive regimes like Category 2 status cap tax on worldwide income at a maximum of £30,000 per year.

  • Double Tax Treaties: Gibraltar has agreements with various countries, providing relief from double taxation and fostering international trade.

  • Investment Incentives: Gibraltar offers various incentives for startups, including grants, subsidies, and support for innovation and business growth.

Why Choose Us?

Expertise in Gibraltar Market: Extensive knowledge of the Gibraltar market and  regulatory environment, providing you with expert guidance.

Efficiency in Business Setup: We are streamlining the business setup process in Gibraltar reducing time and effort, so you can focus on growing your business.

Customised Solutions: We offer tailored solutions to meet the unique needs of your business, ensuring optimal results.

Continuous Support: From initial setup to ongoing operations, we provide continuous support to help your business thrive in Gibraltar.

Frequently Asked Questions:

What are the key benefits of setting up a business in Gibraltar?

What is the corporate tax rate in Gibraltar?

Are there any personal tax incentives for high-net-worth individuals?

Does Gibraltar impose Value Added Tax (VAT)?

What types of businesses are most successful in Gibraltar?

How long does it take to set up a business in Gibraltar?

What is the regulatory environment like in Gibraltar?

What incentives are available for startups in Gibraltar?

Start Your Journey

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