Company Formation in Gibraltar
Those who strive to register an offshore company on the territory of Gibraltar know that doing so, they will be granted the excellent opportunity to develop their business. After all, Gibraltar has long been associated with benefits of the developed infrastructure, stable economic situation due to the status of the Great Britain colony, as well as extremely loyal legislation.
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.
What Are Advantages of Being an Offshore 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.