Company Formation in Gibraltar

Benefits of Company formation in Gibraltar

The offshore in Gibraltar is particularly loyal to businesses associated with ships and all types of real estate. It is easy to register a yacht or open a company for trading, legal in many countries of the world therein. Most experienced businessmen choose offshore in Gibraltar just for the reason of ultimate transparency of export and import operations.

The ease of the company registration in Gibraltar is impressive; to do so, the authorized capital only in the amount of 1000 pounds sterling is enough to ensure, of them only 2 pounds to be paid to the Treasury. There can be only one person in the company’s staff, who in such case should perform duties of the director and the main shareholder. Registration is possible due to a non-resident company that allows communication and operations with partners that have chosen other residences.

Benefits of Company Formation in Gibraltar

Company Formation in Gibraltar

All registered companies do not pay VAT. You will get satisfied in the superiority of zero tax rate that is applicable in case only if you operate outside the country. It should be emphasized that business owners cannot be the director or the main shareholder of the company. Likewise, there is no need to pay tax in Gibraltar in case of capital gains, increased profits, and the donation of business.

Business owners ensure protection of information and full confidentiality: all entries in the official register are not publicized, but may be shown by a court decision. But it is easy to protect yourself from disclosure by using services of a corporate director who charge an annual fee.

The speed of registration will surprise, and the good will of this jurisdiction is transparent. You may be sure that your business will not check tax authorities if you properly keep records according to the rules of the so-called simplified scheme. The ease of opening a corporate bank account in any offshore zone will be appreciated by all businessmen who wish to remain incognito.

It is worth noting that in many cases companies are generally exempt from the need in any audit, and the tax on wages is minimal.

Thanks to good practices, experience gained, qualified theoretical knowledge, the experts employed by the Private Financial Services will quickly and qualitatively help to open and register the business activity in Gibraltar.

Get a personal offer!

    Company Formation in Gibraltar

    FAQ  (Frequently Asked Questions)

    1. How long does it take to register a company in Gibraltar?

    The company can be registered in one week with a minimum paid-up capital of €100; Gibraltar is the only European Union (EU) finance center exempt from value-added tax (VAT). As a member of the EU, Gibraltar has direct access to EU financial services markets through laws such as MiFID and AIFMD.

    2. What is the most common type of company in Gibraltar?

    The most popular are the partnerships (general and limited) and the companies (sole proprietorships, limited by shares, limited by guarantees, and public companies).

    3. Can a foreigner be the owner and director of a Gibraltar company?

    There are no restrictions on the residency or nationality of directors. A person without the citizenship of Gibraltar or a residence permit on the peninsula can be the company’s director.

    4. What are the requirements to establish a Public Limited Liability?

    Clients interested in Gibraltar company setup can alternatively, also register a PLC. A Gibraltar PLC is required to appoint a minimum of two directors and seven shareholders of any nationality. The minimum paid-up capital required is £20,500, and a company secretary must also be appointed;

    A Gibraltar PLC doesn’t need to appoint a resident director. However, similar to the LLC, Gibraltar PLC must also appoint a statutory auditor residing in Gibraltar, to be responsible for filing audited financial statements annually.

    5. What are the requirements to establish a Private Limited Liability?

    A Gibraltar LLC requires only 1 director and 1 shareholder of any nationality. The minimum paid-up capital required is £100;

    If the company makes more than £500,000 sales per year, it Is then mandatory to appoint an auditor resident in Gibraltar who is registered with the Financial Services Commission. The company must submit annual audited financial statements.

    6. What are the annual costs for maintaining a company in Gibraltar?

    On average, your cost of setting up a Gibraltar company in the first year is £3,650, and the annual cost of the company in the second and subsequent years will be £1,200.

    7. Are there any restrictions on company activities?

    A Gibraltar non-resident company is not allowed to trade or engage in any commercial activity in Gibraltar, as well as any activity related to finance, such as banking, insurance, fund management, etc.

    8. How can I get more information?

    Private Financial Services provides a full range of corporate services in Gibraltar, including company registrations, bank accounts, license assistance, cryptocurrency and fintech projects, the gambling industry, and much more.

    The Private Financial Services team will be happy to discuss matters in more detail.