Gibraltar Residency Programs: Cat 2 vs HEPPS Status
Category 2 (Cat 2) Status and High Executive Possessing Specialist Skills (HEPPS) status are exclusive residency programs designed to attract affluent individuals and skilled professionals to Gibraltar. While similar in offering tax advantages, they cater to different applicant profiles.
Gibraltar Cat 2 Status: Benefits and Requirements
This program targets high-net-worth individuals establishing Gibraltar as their primary residence. Key features:
Eligibility Criteria
- Minimum net worth of £2 million
- Approved accommodation (purchase or rental)
- No Gibraltar residency in preceding 5 years
- No local employment (investment activities permitted)
Tax Advantages
- Maximum £37,310 annual tax liability
- Only first £105,000 of income taxed
- No capital gains or inheritance tax
HEPPS Status: For Skilled Professionals in Gibraltar
Designed for executives and specialists employed by Gibraltar companies:
Key Requirements
- Senior management/technical position
- Skills essential to company operations
- Employment contract with qualifying company
Tax Benefits
- Low personal income tax rates
- Company tax incentives available
- Potential relocation packages
Cat 2 vs HEPPS: Key Differences
| Feature | Cat 2 Status | HEPPS Status |
|---|---|---|
| Target Applicant | Wealthy individuals | Skilled professionals |
| Employment | Not permitted | Required |
| Tax Cap | £37,310 | Case-by-case |
Approved Cat 2 Properties in Gibraltar
Frequently Asked Questions
What is the minimum net worth for Cat 2 status?
Applicants must demonstrate a minimum net worth of £2 million, excluding their Gibraltar property.
Can HEPPS applicants bring family members?
Yes, immediate family members can be included in both Cat 2 and HEPPS applications.
What is the minimum net worth for Cat 2 status?
Applicants must demonstrate a minimum net worth of £2 million, excluding their Gibraltar property.
What is the tax cap for Cat 2 status?
Cat 2 residents pay maximum £37,310 annually, with only the first £105,000 of income subject to taxation.
Can I work in Gibraltar with HEPPS status?
Yes, HEPPS status requires employment with a Gibraltar-registered company.
How to Apply for Gibraltar Residency
- Determine eligibility with our free assessment
- Prepare financial documentation
- Secure approved accommodation
- Submit application through approved agent
- Receive decision within 3-6 months
Recent Updates (June 2024)
- New minimum rental amount increased to £1,500/month
- Additional due diligence requirements for Russian applicants
- Faster processing times now available for premium applications
