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Gibraltar
Non-resident Offshore Company Information
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Key
Company Features
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Type
of entity
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Non resident
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Type
of law
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Common
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Shelf
company availability
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Yes
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Our time
to establish a new company
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7 days
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Minimum
government fees (excluding taxation)
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Nil
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Corporate
taxation
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Nil
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Double
taxation treaty access
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No
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Share
capital or equivalent
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Standard
currency
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GBP
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Permitted
currencies
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Any
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Minimum
paid up
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GBP2
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Usual
authorised
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GBP2,000
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Directors
or Managers
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Minimum
number
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One
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Local
required
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No
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Publicly
accessible records
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Yes
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Location
of meetings
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Anywhere
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Members
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Minimum
number
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One
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Publicly
accessible records
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Yes
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Location
of meetings
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Anywhere
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Company
Secretary
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Required
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Yes
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Local
or Qualified
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No
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Accounts
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Requirement
to prepare
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Yes
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Audit
requirements
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No
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Requirement
to file accounts
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No
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Publicly
accessible accounts
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No
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Other
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Requirement
to file annual return
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No
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Change
in domicile permitted
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Yes
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Setup And Maintenance
Costs
Incorporation (Setup) Costs
- US$1,600 (+ US$700 nominee director if required)
The fee is all inclusive, no hidden costs.
Annual Maintenance
Costs - US$600 (+ US$700 nominee director if required)
The fee is payable after the first year and covers
annual taxes, registered agent (and nominees). No hidden
costs.
Our company
kits are always delivered with the same documents and
may vary slightly from jurisdiction to jurisdiction.
All our companies come in a deluxe corporate "attache
kit", which is all inclusive and ready for use
document kit.
Our corporate
kits are delivered with the following documents:-
- Articles of Incorporation in English (Notarized and
legalized by Apostille)
- Appointment of First Directors / Nominee Directors
(if applicable)
- Nominee shareholders (if applicable)
- Shareholder certificates
- Minute Books
- Share registry books
- 1 Power of Attorney (in English and Spanish Notarized
and legalized by Apostille)
- Certificate of Incorporation
- Trust agreement (when applicable)
- Minutes and / or board resolutions when requested
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Company
Information
Type of
Company for International Trade and Investment
Non-resident Company.
Procedure
to Incorporate
Filing of Memorandum and Articles of Association, Statement
of the Situation of Registered Office, a statement declaring
the Authorised Share Capital and a Declaration of Compliance.
Restrictions
on Trading
Cannot trade within Gibraltar or undertake the business
of banking, deposit taking, insurance, assurance, reinsurance,
fund management, asset management or any other activity
associated with the finance industry.
Powers of
Company
A company incorporated in Gibraltar has the same powers
as a natural person.
Language
of Legislation and Corporate Documents
English.
Registered
Office Required
Yes, must be maintained in Gibraltar.
Shelf Companies
Available
Yes.
Time Scale
to Incorporate
Subject to name approval, a company can be incorporated
within seven working days.
Name Restrictions
Any name that is identical or similar to an existing
company. Any name which, in the opinion of the Registrar,
is undesirable or offensive. Any name that suggests
royal or government patronage. Any English name, or
their foreign language equivalent, which may imply a
field of activity associated with the banking or finance
industry.
Language
of Name
The name can be in any language that uses the Latin
alphabet, but must be accompanied by a translation to
ensure that the name is not prohibited or licensable.
Names Requiring
Consent or a Licence
The following names or their derivatives: bank, building
society, insurance, assurance, reinsurance, fund management,
asset management, investment fund, trust, trustees,
municipal, Chamber of Commerce, co-operative or their
foreign language equivalents. 'International' and 'Gibraltar'
cannot be used without consent unless they are bracketed.
Suffixes
to Denote Limited Liability
Limited or Ltd.
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Compliance
Authorised
and Issued Share Capital
Normally L2,000 divided in to 2,000 shares of L1 each.
This being the maximum authorised share capital for
the minimum capital duty payable upon incorporation.
The authorised share capital may be expressed in any
currency. The minimum issued capital is L2.
Classes
of Shares Permitted
Registered shares, bearer shares (impractical - must
be deposited in Gibraltar), preference shares and redeemable
shares or shares with or without voting rights.
Taxation
A Gibraltar Non-resident Company is exempted from local
taxation.
Double Taxation
Agreements
Gibraltar is not a party to any double tax treaties
Licence
Fees
Nil, the company only pays a GBP 30 annual filing
fee to the Registrar of Companies, payable at the time
of filing of the Annual Return.
Financial
Statement Requirements
There is no requirement to file financial statements,
but a company must keep records to reflect its financial
affairs.
Directors
The minimum number of directors is one, who may be a
natural persons or a body corporate. They may be of
any nationality, and must not be resident of Gibraltar.
Company
Secretary
All Gibraltar companies must appoint a resident company
secretary, who may be a natural person or body corporate.
Shareholders
The minimum number of shareholders is one.
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General
Information
Gibraltar is a peninsula
at the southern tip of Spain with an area of approximately
7 sq km. It is adjacent to Africa yet within Europe,
and has an historically strategic position at the junction
of the Atlantic and the Mediterranean.
Population
The population of Gibraltar is approximately 30,000
although a substantial number of the working population
commutes daily from homes nearby in Spain. A number
of Moroccan, British and Indian expatriates live in
Gibraltar.
Political
Structure
Gibraltar is a British Dependent Territory and is a
Crown Colony with internal self-government. It has its
own elected House of Assembly, which legislates on domestic
matters. The United Kingdom is responsible for defence,
foreign affairs, financial stability and internal security.
Gibraltar is a member of the European Union by virtue
of Article 227 paragraph 4 of the Treaty of Rome in
its capacity as a territory for whose external relations
a Member State (the United Kingdom) is responsible.
Gibraltar enjoys special status within the Community
and is exempted from the Common Customs Tariff, the
Common Agricultural Policy and Value Added Taxation.
Gibraltar is politically stable and the current Government
actively promotes Gibraltar as a first-class international
financial centre.
Infrastructure
and Economy
Since the opening of the border with Spain in 1985,
the level of tourism and investment has increased dramatically.
Several international banks and insurance companies
have offices in Gibraltar. Gibraltar has excellent modern
postal and telecommunications systems. Thanks to a joint
venture between the Gibraltar Government and the Nynex
Corporation of the USA, Gibraltar enjoys the latest
in digital and fibre-optic telecommunications. There
are daily flights between Gibraltar and London and frequent
scheduled air services to Manchester, Luton and Tangier.
Although it is not at present possible to fly direct
from Gibraltar to Spain and other destinations the airports
at Seville, Jerez and Malaga can easily be reached by
road and provide direct services to many international
destinations. The Port of Gibraltar enjoys free port
status and hosts frequent calls from many of the world's
shipping lines, both passenger and freight.
Language
The official and spoken language is English although
because of Gibraltar's close proximity to Spain, Spanish
is spoken widely.
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Currency
UK Pound. Local notes and coins are produced but
UK Currency is accepted, as is the Spanish Peseta,
with most shops displaying dual currency price
tags.
Exchange
Control
None.
Type
of Law
Common Law based on English Common Law.
Principal
Corporate Legislation
Based on the United Kingdom 1929 Companies Act
(as amended) and the Companies Ordinance 1984
(as amended).
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We offer Company formations
in all major offshore jurisdictions.
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