THE HISTORY: The earliest inhabitants of Gibraltar noted in history, seem to be the Phoenicians, whilst it has been also evidenced that Gibraltar was the jurisdiction that hosted the last of the Neanderthals.

 

Gibraltar is located at the south edge of the Iberian Peninsula. It is currently an overseas British territory and therefore the currency is pound sterling (whilst not having exchange controls) and its official language is English, however Spanish is also used in some locations. Gibraltar has been used for centuries as a natural commercial pathway and trading intermediary jurisdiction.   

 

 

THE CLIMATE AND TOURISM: Enjoying a Mediterranean - Tropical climate, Gibraltar is a good travel destination for any tourist. Gibraltar facilitates one of the most excellent in service communication and frequent fight to most parts of the world, including London. The Government of Gibraltar illustrates the influence of its British governance, as it is in fact a stable parliamentary democracy.

 

The government of Gibraltar aims at developing the infrastructure and International Finance services. As a result, Gibraltar businesses enjoy significant tax concessions and EU membership, as well as accessibility to many of the European Union’s capitals.

 

It is the only jurisdiction in Europe which is entirely common law. Unlike Great Britain, Gibraltar has a constitution, although this primarily deals with the rights of the people of Gibraltar.

 

 

DOING BUSINESS IN GIBRALTAR: What Gibraltar also offer are highly competitive prices and high quality company formation and administration services, and in addition, its membership in the OECD.

 

A Gibraltar company must maintain a registered office in Gibraltar and have also a registered agent.

 

 

TAXATION: Gibraltar does not have levy or taxes of any kind with regards to capital; neither does it impose any capital gain. Stamp duty refers only to land and property in Gibraltar, and there is no VAT, inheritance, estate, gift or death taxes, regardless of the kind.

 

 

There are essentially three types of corporate vehicles:

 

Company limited by shares (public/private);

Company limited by guarantee (with/without share capital); and

Unlimited Company (with or without share capital).

 

The main features of a Gibraltar company are:

 

• At least one shareholder and one director (can be the same person);

• Nominee services are allowed;

• There is no restriction as to nationality and residency;

• Director and shareholder can also be a legal entity;

• A company secretary is necessary in the event the corporation is not a resident of Gibraltar.