GIBRALTAR RESIDENCY SERVICES
Gibraltar offers special residency regimes that are specifically designed to attract HNWIs (Category 2) and High Executives Possessing Specialist Skills (HEPSS). These make Gibraltar a very attractive home for entrepreneurs, for retirees and for suitably qualified individuals and their dependants that wish to enjoy the Mediterranean climate and lifestyle while living in an international finance centre with a favourable tax regime.
Sovereign Fiscalis, now rebranded and trading as Sovereign Tax Services, is a Gibraltar-based tax compliance and advisory firm, specialising in Gibraltar tax and residency. We can manage the entire residency application process, as well as providing introductions to professional service providers, such as legal, real estate and relocation firms. As part of the Sovereign Group, we can also utilise its local and international tax and structuring expertise to advise on international arrangements across multiple jurisdictions.
Individuals applying for Gibraltar residency under the ‘Category 2’ residency regime are required to hold private medical insurance (PMI). Through Gibraltar-based Sovereign Insurance Services (SIS), we can further assist with securing competitive PMI, as well as all types of general or life insurance to meet the individual’s insurance needs in Gibraltar.
Gibraltar is keen to attract individuals who bring special skills not available locally. The HEPSS Rules 2008 provide a favourable tax regime for individuals who possess particular skills in key positions in a locally established business.
This HEPSS regime has played an important role diversifying and widening the skills base of the Gibraltar economy, particularly in respect of the gaming and financial services sectors. The government is also encouraging the creation of a critical mass of specialists in particular areas such as IT and Digital Ledger Technology (DLT) that will hopefully generate growth in new economic activities.
Apply for Category 2 tax status and Gibraltar residence
Description of the Gibraltar Residency by Investment Program
Get Gibraltar residency. Gibraltar offers residence and a special tax status ("Category 2 tax status") to foreign high net worth individuals who (i) own more than £2,000,000 as evidenced in a bank statement and (ii) own or rent an appropriate flat in Gibraltar and (iii) have not been tax residents in Gibraltar for the last 5 years.
Such individuals receive a Category 2 Certificate (for an indefinite period) and pay a minimum annual tax of £22,000 and a maximum annual tax of £27,560.
Gibraltar is a British overseas territory on the southern tip of the Iberian Peninsula with a population of around 30,000. It is a self-governing and self-financing parliamentary democracy with a growing economy centered on financial services, e-gaming, shipping, and tourism.
Gibraltar's appeal as a tax-efficient residence is increased by its proximity to historic Andalusia, the Spanish Costa del Sol (Marbella, Porto Banús) and Portugal's Algarve coast with their internationally renowned leisure activities including several golf courses.