Expert Company Setup, Accounting, Audits & more in Gibraltar

1. Choose the Business Structure: Decide on the type of entity you want to establish, such as a sole proprietorship, partnership, or company limited by shares. Each structure has different requirements and liabilities.
2. Register the Company Name: Check the availability of your chosen business name with Companies House Gibraltar and submit an application for business name registration. Once approved, a Business Name Certificate will be issued.
3. Prepare Company Incorporation Documents: For companies limited by shares, you’ll need to submit the Memorandum and Articles of Association, along with the necessary forms to Companies House Gibraltar. It’s often advisable to seek the assistance of a professional for this step due to the complexity involved.
4. Obtain a Certificate of Incorporation: Once your incorporation documents are submitted and approved, Companies House will issue a Certificate of Incorporation, officially recognizing your company.
5. Open a Business Bank Account: Select a suitable bank in Gibraltar and complete the account setup process. Our team can help guide you through this, recommending the most suitable banking options based on your needs.
6. Register with the Department of Employment: Register your business with the Department of Employment, and obtain any necessary permits for employees, especially for non-entitled workers requiring work permits.
7. Tax Registration: Register your business for tax purposes at the Income Tax Office under the Gibraltar Companies Act 2014 and Income Tax Act 2010. You will receive a Gibraltar Tax Registration Pack upon completion.
8. Acquire Development and Planning Permissions: If you plan to develop or renovate your business premises, obtain the necessary permits from the Development and Planning Commission before starting any work.

After completing these steps, you’re ready to commence trading in Gibraltar. Should you need further guidance, TAG is here to support you through every stage of the process.

There are very attractive & favourable tax rates in Gibraltar.

1. Corporation Tax: 15%
2. VAT: None
3. Capital gains tax: None
4. Wealth Tax: None
5. Inheritance tax: None
6. Withholding tax: None
7. Highest effective rate of income tax: 25% (on the gross income-based system)
8. High net worth individuals or employees possessing specialist skills: Special tax rates for at Category 2 and HEPSS.

There are Gibraltar Residency Solutions under the Category 2 and HEPSS status described above. In order to qualify for Category 2 status: you will be required to purchase/rent a Gibraltar property, have a minimum of £2m in
assets, have not been a Gibraltar resident for the previous 5 years, provide a CV and have private medical insurance. Category 2 individuals are not required to be in Gibraltar for any given amount of days.

In order to qualify for HEPPS status: you will be required to possess specialist skills not readily available in Gibraltar and provide value to Gibraltar, must purchase/rent a Gibraltar property, must not have occupied or have
been resident in Gibraltar in the preceding 3 years, produce a valid Passport and CV, provide 2 independent references (one which must be a bank) and have an employment contract with a Gibraltar company.

You can reach us via email at info@tag.gi or by phone at +350 225 01252. For more information about our services, visit our website at www.tag.gi. We are eager to assist you with your financial needs.