Starting a business in Gibraltar: Discover its amazing advantages
The advantages of starting a business in Gibraltar are numerous. The vibrant lifestyle, combined with strong economic growth and a favourable tax system, provides businesses with a solid foundation on which they can operate smoothly.
Gibraltar is a British territory widely recognized for its multi-faceted economy and wide range of services.
Benefits of starting a business in Gibraltar
The infrastructure is sound and Gibraltar has sensible regulations that only add to the many advantages of setting up here. Gibraltar is home to a number of large companies, from the gaming sector to cryptocurrencies. It is a safe option for extending business internationally.
Companies that do not generate income within the territory of Gibraltar are exempt from paying taxes. For activities located within the territory, the tax rate is 10%.
This tax base is beneficial to companies. In addition, there are no other taxes on profits, inheritance, estate, gifts, VAT, withholding taxes, etc.
Ease of setting up a company
A shareholder and a director are required to register the company. No minimum capital is required and the nationality of the shareholder and director is also not restricted.
There is also the added advantage of exemption from having to submit accounts for the audit process when dealing with small companies. There is no obligation for a Gibraltar company to keep local records. They are free to keep their records anywhere in the world.
Convenient geographical location and language
Gibraltar’s geography is so beneficial that it provides easy access to the markets of Mediterranean Europe and North Africa. This allows bringing a large volume of trade into the country and helps to boost business.
The most widely spoken languages, English and Spanish, are also one of the reasons why we love Gibraltar. This makes it easier for foreign investors to embrace the country’s culture.
Not only that but the common law system is rooted in the English model, making legal procedures and structures easy for foreign lawyers and traders. In addition, the name of the company or business can be written in any language.
Sound business environment
Gibraltar enjoys an excellent reputation and strong asset protection legislation, making it an ideal location for business start-ups. The excellent state of the infrastructure and communication links also help to keep the economy growing.
Financial and accounting records are not made public and it is also possible to be a sole proprietor of a company.
Business Entities that can be set up in Gibraltar
The main purpose of Gibraltar companies is to hold property, act as an investment company, and trade. The incorporation of the company generally takes five days.
The name of a Gibraltar company can be in any language. However, its translation must be relevant and approved.
The identity of the company’s directors and shareholders must be filed with the registrar.
At least one director or shareholder has to be appointed for the company. They can be the same person or company. In addition to this, the company seal, original certificate of incorporation company secretary, registered office, and statutory books must be present in Gibraltar.
For Starting a business in Gibraltar companies are required to declare the commencement date of their financial year in the period from April 1 to March 31. Balance sheets on the register for their one-year fiscal period must also be filed within 13 months.
Even if these balance sheets are not audited, it is mandatory for the company’s director to sign them.
Gibraltar offers many advantages for companies. The creation of a company or subsidiary will allow the investor to benefit from these advantages. The general business environment is stable and flourishing.
For any investment strategy, it would be considered a safe and valuable step to incorporate a subsidiary or company in Gibraltar. The location, economy, and business environment are beneficial factors.
Setting up your business in Watergardens
Comprising 6 tall buildings with great views of both the Rock and the sea, Watergardens is a great development. Watergardens’ ground floor is home to a large range of restaurants, shops, and bars.
Watergardens is located on Waterport Road, in a prime area next to Ocean Village, within walking distance of the city center and a 5-minute drive from the airport and the border.
CENTURY 21 GIBRALTAR has at your disposal a large furnished office for rent or sale – 265 msq, it includes a fully fitted staff kitchen/dining area.- Air-conditioned.- 4 parking permits (2 cars, 2 bikes).
It is ready for immediate occupation.
RENTAL – £6,900PCM
SALE – £995,000
For further information or to arrange a viewing, please get in touch with our Sales Team: