Gibraltar Non-Resident (IBC) Formation

Gibraltar is a British Overseas Territory, located on the Southern end of the Iberian Peninsula, at the entrance of the Mediterranean.

Gibraltar’s Non-Resident Company, which is the equivalent of an Offshore IBC, is a vehicle for international investment and tax-planning. With a close relationship with the EU, they have distanced themselves from the common misconceptions of traditional offshore financial centres.

Gibraltar’s company law has been adapted to suit the jurisdiction’s unique environment. The Gibraltar Non-Resident Company is exempt from local taxes and enjoys secure asset protection.

With flexible corporate structuring and single ownership being some of the reasons for choosing Company formation in this jurisdiction.

  • Secure Asset Protection
  • Modern Infrastructure
  • English Common Law System
  • Single Ownership of Non-Resident Company Permitted
  • Financial and Account records are not public
  • Reasonable yearly rates – For such a favourable jurisdiction
  • Well establish Legislation for Finance and Offshore Products
  • E-Commerce
  • Property Holding
  • International Investment and Trade
  • Holding for Transportation Vehicles such as ships

A Non-Resident Company in Gibraltar is restricted from trade or conducting business within or to own real estate in Gibraltar. There is also a restriction on conducting business in banking, trusts, insurance, assurance, fund or asset management or any finance related activities.

A few of the requirements are the Company Memorandum and Articles of Association, a Statement proving Registered Local Office, Authorised Share Capital, and Declaration of Compliance.

Other requirements are the Name of the company to be incorporated, certified copies of valid passports or national ID cards, such as those issued in the European Union. These need to be certified by either a Notary Public, Bank or by the issuing country’s Embassy.

Overview
Company TypeNon-Resident Company
Country LawEnglish Common Law with Local Statues
Company LawGibraltar Companies Ordinance 1967
Registered Office RequiredYes
Local Registered Agent RequiredYes
Shelf Companies PermittedYes
Migration Of DomicileYes
Average Time To Form Company5 to 10 Business Working Days
Government Fees
Minimum Government Formation Charge£200 GBP
Recurring Minimum Annual Company License Fee£45 GBP
Annual Return Filing Fee£20 GBP
Corporate Tax
Corporation TaxNo
Access to Double Taxation TreatiesNo

All Gibraltar Non-Resident Companies 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 PublicYes
Board Meeting LocationAnywhere in the World except Gibraltar
Corporate Directors PermittedYes
Privacy - Publicly Available RecordsYes

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 RequiredYes
Local or Qualified PositionYes
Share Capital
Standard CurrencyGibraltar Pound and British Pound
Permitted Share CurrencyAny
Minimum Paid Up Shares£1 GBP
Usual Authorised£2000 GBP
Bearer Shares PermittedYes
No Par Value Shares PermittedYes
Shareholders
Minimum Number Of Shareholders1 Shareholder
Corporate Shareholdes PermittedYes
Meeting LocationsAnywhere in the world except Gibraltar
Privacy - Publicly Available RecordsYes
Company Accounts
Requirements To PrepareYes
Audit RequiredYes - With small business exemption
Keep Financial RecordsYes
Requirement To File AccountsYes
Requirement to File Annual ReturnYes
Accounts Publicly AccessibleNo

All Gibraltar Non-Resident Companies are exempt from taxes such as Corporation, Inheritance, Capital Gains and Estate Tax, to name a few.

A Gibraltar Company needs to be able to establish that it is Non-Resident Controlled, in this instance the Gibraltar Tax Authorities will treat such a Company as not liable for taxation in Gibraltar.

Gibraltar Facts
Location

British overseas territory

Southern end of the Iberian Peninsula

at the entrance of the Mediterranean

SizeApproximate area of 6.8 sq. km
PopulationApproximately 32,194
Languages Spoken

Official Language is English

Spanish and Llanito are also spoken

CurrencyGibraltar Pound £ (GIP)
Politics

Representative Democratic Parliamentary

Dependency under Constitutional Monarchy

Economy

Main Industries:

Financial Services

Online Gambling

Shipping

Tourism

Transport

Air

Road - Driving on the Right

Boat

Time Zone

CET (UTC+1)

Summer (DST) - CEST (UTC+2)

International Dialling Code+350
Internet TLD.gi

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

Gibraltar Non-Resident Company (IBC) Formation Enquiry

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