Gibraltar is a financial hub for tax and effective financial planning within Europe. Gibraltar has become a well-established European Financial Centre.
The office is located on the Estrada de Vale do Lobo in the K.G Villa Services Building just outside Almancil.
Ever since Gibraltar was captured by Britain in 1704, it became an extremely important strategic military base for Britain. These days Gibraltar is a financial hub for tax and effective financial planning within Europe. In other words Gibraltar has become a well-established European Financial Centre.
Since joining the European Union in 2004, Malta has become a fast growing, strong and reputable financial centre and is a very attractive jurisdiction, both, for corporates and for private investors.
Although at first glance the US may not appear as an attractive jurisdiction to the offshore investor, Delaware is a popular choice for company incorporation. It is a reputable jurisdiction that enjoys a modern and flexible approach to company management and has efficient corporate laws and judicial system.
BVI offers the advantages one would expect from a politically stable Overseas British Territory. It is a successful international financial centre, where English is spoken and their currency is the U.S. dollar.
Despite its size and the fact that it is an island, Cyprus is recognised as an “onshore” financial jurisdiction. It not only offers beneficial solutions for corporate taxation but also offers company formations providing investment platforms geared to the EU and EMEA regions.
Ever since Gibraltar was captured by Britain in 1704, it became an extremely important strategic military base for Britain due to its geographical location and extraordinary landscape. These days Gibraltar is a financial hub for tax and effective financial planning within Europe. In other words Gibraltar has become a well-established European Financial Centre.
The qualitative characteristics that exist in Gibraltar that makes it an effective Finance Centre are in fact the same type of attributes that one can identify as fundamental to the promotion of wealth and business success:
RISK – ASSURANCE PROTECTION
Gibraltar is a member of the European Union and implements EU directives including those in the area of financial services, although notably, the Legal system is based on English Common Law as well as EU law. Financial regulation is implemented and overviewed by the Financial Services Commission which was established in 1989 to provide strong investor protection.
In addition, Gibraltar has a very strong economy and stable political environment which can be evidenced by its high level of GDP per capita and strong currency.
Gibraltar is therefore a major finance centre which has been reinforced by its stable Government, well established legal and regulatory infrastructure that supports investor protection and provides credible assurances.
The regulatory and legal requirements for setting up companies, re-domiciling a fund, trust and/or re-locating, is flexible enough to allow the time and cost of such matters to be feasible and of value for money (VFM) when compared to other jurisdictions that provide the same level of protection.
Because Gibraltar’s legal system is based on EU and UK Common law, regulations and requirements are generally understood by private and professional investors as well as financial institutions. Good business practices and corporate governance is supported by local regulation thereby providing a desirable level of transparency.
Gibraltar has a hybrid tax system namely, a system that taxes individual Gibraltar tax residents on their worldwide earnings, but when it comes to corporate bodies, a tax liability based on earnings accrued and derived in Gibraltar only.
This means that funds, corporate entities in general and Trust arrangements established in Gibraltar and whose activities are based outside of Gibraltar and whose income is sourced outside of Gibraltar, are exempt from any taxes.
Common customs tariff, turnover taxes, in particular VAT, interest Income and capital gains taxes are also exempt in Gibraltar.
With regards to corporate tax structuring purposes, Luxembourg, Netherlands, Denmark and Switzerland accept Gibraltar for EU Parent Subsidiary rules..
The flexibility provided by the absence of exchange control restrictions together with aforementioned tax exemptions and concessions for certain categories of companies, non-resident individuals and trusts administered for non-residents, coupled with Gibraltar’s financial stability creates many opportunities for business growth and wealth enhancement.
At Abacus, we can provide a wide range of services and can assist you with an understanding of the corporate vehicles and arrangements available in Gibraltar to assist your individual and corporate needs.
For specific details about Gibraltar’s legal, tax and accounting regulations and/or tax planning capabilities, please contact us. Additional general information can also be found on the following websites:
Abacus Financial Services Ltd
10/8 International Commercial Centre
Our Office Opening Hours are
Monday – Friday
9:00am – 5:00pm (GMT + 1)
Tel: +350 200 78777
Fax: +350 200 76689
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Abacus is a leading international professional services firm in Gibraltar and specialises in wealth management, corporate structuring, tax, accounting and the procurement of legal services.