GIBRALTAR RM offers incorporation services and ongoing company management in Gibraltar through local authorised agents.

Gibraltar is situated at the southern end of the Iberian Peninsular and covers an area of approximately 2.75 square miles. The City is dominated by the Rock of Gibraltar which rises to 1,396 feet. The Rock has been an important strategic site for many centuries. It was settled by the Moors in 711, taken by Spain in 1462 and was ceded to Britain in 1713. It is a British Crown Colony, still associated with Britain, with a naval and airbase of strategic importance. Britain still maintains responsibility for defence and international affairs but local matters are the preserve of a locally elected House of Assembly. Gibraltar is a full member of the European Community and was included as a member when Britain joined in 1973.

Language

The official language is English, although Spanish is widely spoken.

Currency

The units of currency in Gibraltar are the Pound Sterling and the Gibraltar Pound, which is at par with the Pound Sterling.

THE GIBRALTAR TAX EXEMPT COMPANY

A Company incorporated in Gibraltar which is owned by non-residents, and does not transact business with other Gibraltar resident companies or individuals, is eligible to apply for tax exempt status. Once a company has exempt status it pays a fixed annual tax of £225.00 per annum. This amount is payable regardless of the company's income. The Certificate of Exemption is given for a period of 25 years. However, during these years it is necessary to continue to comply with all provisions which relate to exempt companies. The exempt company may have locally appointed directors and may maintain Bank Accounts in Gibraltar.

NON-RESIDENT GIBRALTAR COMPANIES

Companies incorporated in Gibraltar, owned by non-residents of Gibraltar and managed and controlled by directors who reside and hold their board meetings outside of Gibraltar will be considered as non-resident. A non-resident company is not subject to Gibraltar Corporation Tax and may be totally exempt from Gibraltar corporation Tax provided it does not maintain a Bank Account in Gibraltar.

COMPANY NAMES

The following words and their associated activities are restricted:- association, imperial, royal, trust, trustee, bank, assurance, group, international.

SHELF COMPANIES

Readymade/Shelf companies are available for immediate purchase.

Directors

Minimum requirement is One Director who may be a Corporate or an
individual.

Company Secretary

It is practical in the case of a non resident company for a Gibraltar resident to be appointed as Company Secretary

Shareholders

Minimum requirement ONE Shareholder who may be a corporate or individual. In order to preserve anonymity, nominees or discretionary trustees may be appointed.

Registered Office

A Gibraltar company must have its registered office in Gibraltar. The statutory Registers must be held in Gibraltar, usually at its registered office.

Apostille

Available on request

Time Scale

Companies are registered within 5 to 7 working days, but at a premium, the time scale would be between 24 to 48 hours.

Whilst every precaution has been taken to check the accuracy of the information contained in this page, no responsibility can be taken for any inaccuracies contained herein. Please also note that we are not tax advisors. Professional tax advice should always be taken if in doubt.

Copyright © The Raymond Morris Group Limited. 1997. All rights reserved.