INCORPORATION
GIBRALTAR
Company formation in Gibraltar, Legal and Taxation Aspects
| Company Type: | Non Resident Company (Exempted Company) |
| Name: | The use of "royal", "imperial", "association", "trust", "trustee bank", "assurance", "group", "International" and "Europe" are not permitted in the company name. |
| Capital: | Minimum capital 100 pounds |
| Shares: | Bearer shares only |
| Shares Index: | Yes |
| Registered Agent Requirement: | Yes |
| Registered Headquarters: | Yes |
| Entry in the Public Register: | Shareholders and directors are to be entered in a public register. Anonymity can be safeguarded by using nominees. |
| Shareholders: | At least 1. Cannot be a citizen or resident of Gibraltar. |
| Directors: | At least 1 natural or legal person. Does not have to be a resident. |
| Secretary (Commissary): | Yes |
| Incorporation Period: | 3 days |
| Disclosure of Beneficial Owner: | No |
| Disclosure of Shareholders: | Yes; Anonymity can be safeguarded by using nominees. |
| Disclosure of Directors: | Yes |
| Trading Restrictions: | No business activity is permitted in Gibraltar or with residents of Gibraltar. No business activity is permitted in the financial sector. All accounts must be kept outside Gibraltar. |
| Taxation: | None for offshore activities. |
| Double Taxation Agreements: | None |
| Financial Statements: | Yes; Small companies founded since 31.03.2001 are obliged to submit an unaudited summary of the financial statements. Medium-sized and large companies are required to submit more detailed information. |
| Tax Returns: | No |
| Accounting: | Yes |
| Annual Reports: | Yes |
Acquisition Fees (Non-Resident Limited Company)
| Included: + Company registration + Standard Registration Duty to Registrar of Companies + 0,5 % Capital Duty on standard Authorized Capital (GBP 2.000) + Filing fees (Particulars of Directors / Return of Shareholders) + Registered Address + Resident Secretary + Notarizations on set of copies + Apostille on set of copies | |
| TOTAL | 990,00 Euros |
Annual Maintenance Fees (per year)
| Included: + Annual Filing fee to the Gibraltar Registrar of Companies + Registered Address + Resident Secretary + Filing of Accounts + Shareholding Service + Directorship Service + Company Maintenance (by lawyer) + Professional Virtual Office in Berlin or Luxembourg (including address, phone and fax numbers, personal phone call answering) | |
| TOTAL | 3.650,00 Euros |
General Information
| Area: | 6,5 sq km |
| Capital: | City of Gibraltar |
| GDP per capita: | 14 600 EUR |
| Unemployment Rate: | 13,9% |
| Population: | 27 000 |
| Language: | English, Spanish |
| Currency: | Gibraltar Pound |
| Rate of Inflation: | 1,5% |
| Political Risks: | None |
| Cost of Living: | Same as in United Kingdom, high property prices. |
| Communications: | Good |
| Residence Permit: | EU citizens are issued a permit for 6 months, which can be extended by 5 years or an unlimited period. |
| Legal System: | Based on English Common Law, supplemented by local regulations. |
| Exchange Control: | None |
| Patent Law: | Yes; Patent protection provided by registration in United Kingdom. |
| Tax Information Exchange Agreement: | None |
