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| INTRODUCTION |
Gibraltar is located at the southern tip of the Iberian peninsula at the entrance of the Mediterranean sea. It is 12 kilometers from the coast of Africa. The population is just over 30,000. The island of Gibraltar is sometimes known as "the rock".
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| LAW AND TAXATION |
Gibraltar is a self-governing British Dependant Territory with the Head of State Queen Elizabeth II. The Queen is represented by the Governor who also serves as Commander in Chief of Her Majesty's forces stationed on Gibraltar, and presides over the Gibraltar Council and various Ministers.
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Gibraltar is based on English-common law. Much of Gibraltar's commercial legislation is very favorable for the financial services industry specifically with laws on banking secrecy, and the confidentiality of offshore company management.
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| CORPORATE REQUIREMENTS |
Non-resident persons and corporations are not taxed on profits and do not have Inheritance duties imposed upon them. Gibraltar has no tax treaties with any other country, not even with the United Kingdom.
- Company Name is required
- Company Objectives must be stated including financial and property investments, holding company and general trading activities
- Capital Duty is only payable on the authorized capital, either on incorporation or upon an increase at a rate of one half of one percent (0.5%)
- A Gibraltar Company must have its registered office in Gibraltar
- A Company must hold a General Meeting of shareholders once a year.
- Accounts and Annual Returns are required to be produced to shareholders at annual general meetings and be audited by a Gibraltar auditor. The accounts are not required to be filed and are not open to public inspection. An annual return must, be filed at the Companies Registry once a year.
- A Gibraltar company only requires a structure of one shareholder.
- Directors' details are shown on Public Record and their names have to be printed on the company notepaper.
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