Gambia Global Business Company (GBC2) Formation

The Republic of Gambia is a small country in West Africa, on the Atlantic Ocean Coast.
Having passed the Business Enterprise Regulations of 2013 and its fast company incorporation, flexible business structures and simple corporate requirements, Gambia is a rapidly emerging financial market.

With their accounts filing requirements, Gambia an acceptable offshore and onshore jurisdictions for many banking institutions. It is also not on the OECD or FATF blacklists because of this.

The Gambia also boasts “A World Class Business Gateway Hub” located on the Atlantic Shore, called the “Global Enterprise Zone”.

  • Fasted Incorporation Worldwide
  • Immediately Available Corporate Documents
  • E-Apostille of corporate documents available within 5 minutes of Incorporation
  • Online Company Administration
  • Privacy – Directors, Shareholders and Beneficial owners’ information is confidential
  • Personal Details of Directors and Shareholders are not required to be submitted to the Registry
  • Nominee Services are permitted
  • No Auditing Requirements
  • No Tax Exchange Agreement with any other countries
  • Non-disclosure of Financial Details
  • No Tax on Foreign Income
  • E-Commerce Companies
  • Forex Trading
  • International Trade and Commerce
  • Banking and Insurance Licenses
  • Intellectual Property Rights Holding Company
  • IT Services Company

All GBC2 Companies, with a registered Office in the Enterprise Zone in The Gambia can only do business in the Enterprise Zone or outside The Gambia.

All companies must seek the appropriate authorisation if it wishes to engage in business activities which are related to Forex, Banking, Insurance and Tax Management to name a few.

Only if a company becomes a tax resident, can it conduct business in the Gambia and then all locally sourced revenue is subject to local taxation laws.

The Gambia offers the fastest online incorporation in the world. An approved agent needs to be used for this.

A few of the requirements are, a registered office in the Gambia, the Name of the company to be incorporated, a physical address, valid passports.

Overview
Company Type

Global Business Company GBC2

Also known as an IBC

Country LawBased on English Common Law
Company LawBusiness Enterprise Regulations 2013
Registered Office RequiredYes - Local
Local Registered Agent RequiredAny international Agent for Incorporation
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company1 Hour - To One Day
Government Fees
Minimum Government Formation Charge$100 USD
Recurring Minimum Annual Company License Fee$100 USD
Annual Return Filing FeeNot Applicable
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNone

All Gambian Global Business Companies 2,  are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Directors
Minimum Required Directors1
Local Director RequiredNo
Records PublicNo
Board Meeting LocationNot Required, Anywhere in the World
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsNo

There is a minimum requirement of one Director, of which may be the only shareholder. Directors can be either individuals or corporate bodies of any nationality and resident of any country.

Company Secretary
Secretary RequiredNo
Local or Qualified PositionNo
Share Capital
Standard Currency

Gambian Dalasi

US Dollar is also commonly used

Permitted Share CurrencyAny
Minimum Paid Up SharesNo Minimum
Usual Authorised$10,000 USD
Bearer Shares PermittedYes
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder
Corporate Shareholdes PermittedYes
Meeting LocationsNone - Can be held anywhere in the world
Privacy - Publicly Available RecordsNo
Company Accounts
Requirements To PrepareYes
Audit RequiredNo
Keep Financial RecordsYes - Kept Anywhere in the World
Requirement To File AccountsNo
Requirement to File Annual ReturnNo
Accounts Publicly AccessibleNo

All Gambia GBC2 International Business Companies are exempt from taxes on income derived from outside of the country. These exclusions from tax include such as, Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

Gambia Facts
Location

Country in West Africa mostly

surrounded by Senegal with a short strip

of its coastline bordered with the

Atlantic Ocean at its western end

SizeApproximate area of 10,689 sq. km
PopulationApproximately 1,882,450
Languages Spoken

Main and Official Language is English

National Languages include:-

Mandinka

Fula

Wolof

Serer

Jola

CurrencyDalasi (GMD)
Politics

Dominant-Party

Presidential Republic

Economy

Main Industries:

Tourism

Agriculture

Industry

Captive Insurance

Fishing

Transport

Air

Road - Driving on the Right

Waterways - Boat

Time Zone

GMT

International Dialling Code+220
Internet TLD.gm

Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.

Gambia Global Business Company (GBC2) Formation Enquiry

Full Name (required)

Email (required)

Company Name

Subject (required)

Your Message