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.
Global Business Company GBC2
Also known as an IBC
|Country Law||Based on English Common Law|
|Company Law||Business Enterprise Regulations 2013|
|Registered Office Required||Yes - Local|
|Local Registered Agent Required||Any international Agent for Incorporation|
|Shelf Companies Permitted||Yes|
|Migration Of Domicile||Yes|
|Average Time To Form Company||1 Hour - To One Day|
|Minimum Government Formation Charge||$100 USD|
|Recurring Minimum Annual Company License Fee||$100 USD|
|Annual Return Filing Fee||Not Applicable|
|Access to Double Taxation Treaties||None|
All Gambian Global Business Companies 2, are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.
|Minimum Required Directors||1|
|Local Director Required||No|
|Board Meeting Location||Not Required, Anywhere in the World|
|Corporate Directors Permitted||Yes|
|Privacy - Publicly Available Records||No|
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.
|Local or Qualified Position||No|
US Dollar is also commonly used
|Permitted Share Currency||Any|
|Minimum Paid Up Shares||No Minimum|
|Usual Authorised||$10,000 USD|
|Bearer Shares Permitted||Yes|
|No Par Value Shares Permitted||Yes|
|Minimum Number Of Shareholders||1 Shareholder|
|Corporate Shareholdes Permitted||Yes|
|Meeting Locations||None - Can be held anywhere in the world|
|Privacy - Publicly Available Records||No|
|Requirements To Prepare||Yes|
|Keep Financial Records||Yes - Kept Anywhere in the World|
|Requirement To File Accounts||No|
|Requirement to File Annual Return||No|
|Accounts Publicly Accessible||No|
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.
Country in West Africa mostly
surrounded by Senegal with a short strip
of its coastline bordered with the
Atlantic Ocean at its western end
|Size||Approximate area of 10,689 sq. km|
Main and Official Language is English
National Languages include:-
Road - Driving on the Right
Waterways - Boat
|International Dialling Code||+220|
Contact us today to enquire about the Cost of Formation or if you have further questions regarding the application process.