Gibraltar Company Formations -
To start incorporating a company for you in Gibraltar we only initially require the following details:
- Your proposed Company Name
- The Directors full name, date of birth, address and nationality
- The Shareholders full name and address
Once these details have been received we ensure your proposed name is available at Companies House and begin preparing the necessary documentation.
Company Formation - Usd 1580
Registered Office fee - Usd 880
Company Secretary required - Usd 440
Registered Office fee - Usd 880
Company Secretary required - Usd 440
Directors Register Maintenance - Usd320
Gibraltar Advantages
- Time - 5 days to incorporate your Gibraltar company
- Company Name - your company name can be in any language
- Share Capital- the standard share capital is £2000 - minimum share capital is £1
- Directors - only 1 director of any nationality is necessary for your company
- Shareholders - only 1 shareholder is required
- Company Secretary - a resident company secretary is required
- Accounts - Companies must lodge accounts and tax returns
- Tax - no tax is payable in Gibraltar if there has been no activity there
- Registered Office - a registered agent and registered office in Gibraltar is required, we can provide these services
Gibraltar Company Formations -
To start incorporating a company for you in Gibraltar we only initially require the following details:
- Your proposed Company Name
- The Directors full name, date of birth, address and nationality
- The Shareholders full name and address
Once these details have been received we ensure your proposed name is available at Companies House and begin preparing the necessary documentation.
Private Limited Company (Ltd)
These services are mandatory in order to comply with the minimum local presence rules:
- We will prepare your Memorandum and Articles of Association and other mandatory documents required to register your Gibraltar company.
- We pay the capital duties and registration fees, and the documents will then be lodged with the Gibraltar Registrar of Companies.
- We will also provide you with a Registered Office and resident Company Secretary for your Gibraltar company.
Gibraltar Company Documents - Gibraltar Company Formations
The set of corporate documents for a Gibraltar company will always include: the original Certificate of Incorporation, Memorandum of Association, Articles of Association, First Minutes (showing all appointments of officers and allocations of shares), Share Certificates. Additional documentation may include share transfer forms or declarations, special powers of attorney, additional corporate resolutions.
Company Name
Your company name can be in any language, as long as the relevant translation is approved first. Your name will need to end with Ltd. Certain words are prohibited, such as names suggesting the patronage of any government or country. The company name approval process takes less than thirty minutes.
Directors
Only one director of any nationality is required for your Gibraltar company.
Shareholders
Only one shareholder any nationality is required. The shareholder can be a corporation.
Company Secretary
All Gibraltar companies must appoint a Company Secretary, who may be an individual or corporate body.
Share Capital
The standard share capital is GBP £2000. Greater amounts can be agreed, with small increases in the payable share capital tax. There is no minimum share capital, and the authorised share capital may be expressed in any currency.
Registered Office
Companies incorporated in Gibraltar under the Companies Act must have a registered office address in Gibraltar, where statutory communication and notices are sent. A first notice of the situation of the Registered Office of a Gibraltar company is delivered to the Registrar with the company Incorporation documents.
Non-Resident Company Registration
A non-resident company can be incorporated within five days, the requirements for incorporating a limited company are:
- Your company must be owned by persons who are not resident in Gibraltar.
- Your company may not trade or carry on business in Gibraltar with residents of Gibraltar.
- Your company must maintain its Company Register, Registered Office in Gibraltar.
- Your company may have a bank account in Gibraltar and still not be classed as tax resident.
- Your company name must not be similar to any existing company registered in Gibraltar.
- The Registered Office and Shareholder Register must be in Gibraltar.
- Documents to be filed at the Companies Registry are the Memorandum and Articles of Association, the registered office address and the names and addresses of directors and shareholders.
To qualify as non-resident, it must:
- Have foreign beneficial owners only
- Not trade locally in Gibraltar
- Not remit its income into Gibraltar
Non-resident company Gibraltar
Non-resident company is a company that is incorporated in Gibraltar, and owned, managed, and controlled by non-residents. The company status is legally supported by the Gibraltar Companies Ordinance, which is based on the Companies Act 1929 of the United Kingdom. Along with the development of Gibraltar as a financial center certain amendment have been made to it. A non-resident company is not subject to local corporate tax, except for the part of profits remitted over to Gibraltar. It means that those companies without local bank accounts may not be taxed. Non-resident companies pay neither annual duty nor other fees payable by local resident companies. Non-resident company though must maintain local registered office with a local corporate secretary. Nominee services are available for owners and directors. Annual report is required.
Companies carrying on their business outside Gibraltar are required to apply for a license if they are involved in businesses such as Investment Management, Banking, Insurance, Company & Trust Management etc. Further on, they are required to state their license number on all letters and advertising. They are inspected by the Financial Service Commission to ensure that they are complying with the Financial Service Ordinances. They are also required to file a set of audited accounts with the commission within four months of their year-end.
The standard rate of tax for resident companies currently makes 35% (small companies rate 20%). The company may be of four types: a share limited company, a company limited by guarantee having a share capital, a company limited by guarantee without a share capital and an unlimited company. Companies with management offices in Gibraltar and resident employees (mainly Qualifying companies) will still need to register with the Employment & Training Board and Tax office as before. Non-resident companies are never described as ‘offshore’ in legislation of Gibraltar. Company forms, which fit most for carrying offshore operations, are the Exempt Company, the Qualifying Company, the Gibraltar 1992 Company and Trust. Company names should end in "Limited", unless the shareholders have unlimited liability.
Name for Your Company in Gibraltar
The government by legal notice published a list of sensitive names for companies. That is any name that is identical or similar to an existing company; any name, which is undesirable or offensive, by the opinion of the Registrar, any name which suggests royal or government patronage, or which may imply a field of activity associated with the banking or finance industry. "Association", "Bank", "Imperial", "Assurance", "Group", "International", "Royal", or "Trust" and any derivatives thereof usually require special permission.
Management and Taxation in Gibraltar
Gibraltar was the first European financial center to introduce the tax-exempt company as a holding vehicle, and its unique status within the EU makes it the jurisdiction of choice for certain types of investors or traders: there are over 60,000 companies registered in Gibraltar (more than two per inhabitant!), many of them being exempt.
Gibraltar non-resident company is not taxable in Gibraltar. It is a company, which is incorporated in Gibraltar, owned by non-residents and controlled by directors who reside and hold board meetings outside Gibraltar. Non-resident company is another offshore business form which escapes taxation on foreign income. The Companies Taxation and Concessions Ordinance (amended) introduced the exempt taxation status for companies trading outside Gibraltar. A company registered in Gibraltar will not be liable to Gibraltar taxation, including income tax and estate duty, if it's owned and controlled by nonresidents of Gibraltar, does not trade in Gibraltar and does not remit income to Gibraltar.
A non-resident company pays an annual tax of G£200. Gibraltar corporation tax is demanded only in the case if company’s income is derived from or remitted to Gibraltar.
