Ready to set up your own Business?
Starting a business is expensive, let our experts guide you through the tasks of ensuring all the relevant paperwork and documents are collated and correctly submitted to the corresponding government departments. We will avoid unnecessary costs incurred as a result of incorrect or late filings, thus saving you valuable time & money.
Starting your Business in Gibraltar
Gibraltar offers an attractive and straightforward process for business setup, tailored to help entrepreneurs and investors save time and resources. At TAG, we specialize in guiding businesses through each step, from the initial paperwork to strategic planning and regulatory compliance. With our expert assistance, you can focus on growing your business while we handle the complexities, ensuring timely filings and minimizing unnecessary costs.
How To Get Started
Select one of three business types
Choosing the right business structure is crucial for your success. Each option has unique benefits and considerations to explore.
Self Employed
Individuals that choose to be self-employed generally are working for oneself as a freelance, using their own name or a business name, rather than for an employer. A self-employed is the most basic and most economical business structure available but has its disadvantages such as personal liability.
Partnerships
A partnership is formed when two or more individuals want to share ownership of a business but do not form a legal entity. They are responsible for both managing the company and for the profit or losses the business generates. There are various types of partnerships such as Ordinary Partnerships, Limited Partnerships and Limited Liability Partnerships.
Companies
A Company is a general form of business incorporation that limits the amount of liability undertaken by the company’s shareholders. A company may own assets, enter into contracts, borrow and lend money, as well as sue and be sued – it is a legal entity in itself. There are various types of companies such those with limited or unlimited liability, and can be private or public. The majority of companies set up in Gibraltar are private companies limited by shares.
The majority of companies set up in Gibraltar are companies limited by shares, also known as private company limited by shares. This structure is used to serve normal commercial business with the purpose of the shareholders making a profit, whilst providing limited liability protection should the company hit financial difficulties. Company Incorporation applications and relevant corresponding documentation must be completed and filed at Companies House Gibraltar.
The services of a professional expert should also be sought when incorporating a company limited by shares due to the complexity of the application.
COMPANIES ONLY - A Certificate of Incorporation will be issued upon approval of the application.
5 Essential Steps for Business Setup
1. Business Name Registration
What do you call your business?
A Business Name is the name under which the Business operates by; it is also often referred to as a Trading Name – a Business Name is subject to availability from Companies House Gibraltar. The registrar recommends that a Business Name is registered to a Company even when individuals trade under their own name. Business Name application forms and relevant documentation must be submitted to Companies House Gibraltar.
A Business Name Certificate will be issued upon approval of the application.
2. Certificate of Business License
Do you require a license to trade in Gibraltar?
As stated in the Gibraltar Fair Trade Act 2015, any business wishing to; trade in Gibraltar, be it wholesale or retail; or to provide a service in Gibraltar, must hold a business licence issued by the Business Licensing Authority (unlessthe relevant business is already licensed by separate local legislation).
As part of the process to receive your license, businesses must complete the appropriate application forms, specify what services will be provided, identify whether or not a premises is required and provide the necessary detail and issue notices for the intention to apply for the specified license.
A Business License will be issued upon approval of the application.
3. Employment Certificate
Will your business have employees or working Directors?
All businesses are required to register with the Department of Employment – HM Government of Gibraltar any vacancy arising within their establishment before seeking to engage a person as a worker and must notify the engagement of a
worker not later than the day on which that engagement commences. Employers are also required to notify the termination of employment within seven days of date of termination. If the employee is a ‘non-entitled’ worker the employer
must obtain a work permit from the Employment Service for that worker.
4. Tax & PAYE Registration
If your business has employees, registration with the Tax Office is required
All employers who carry out business in Gibraltar & wish to offer employment must register at the Income Tax Office (ITO) for Pay-As-You-Earn (PAYE) & Social Insurance (SI) purposes.
5. Bank Account
Do you require a business bank account?
We will advise you on the most suited banks in Gibraltar and walk you through the application process. Whether you are looking for an account with a quick and easy online application, one that requires no credit check, or a period of free business banking, we will show you the way.
You Are All Set To Commence Trading!
Ready to Start Your Business Journey?
Setting up a business in Gibraltar offers many opportunities, but navigating the legal and regulatory landscape can be complex. With TAG by your side, you can ensure that every step is handled smoothly, from registration to compliance. Let us take care of the details so you can focus on growing your business.
FAQ
Registering a business name in Gibraltar is an important step if you plan to operate under a name different from your own or your company’s official name. The process includes:
- Check availability: Before registering, you need to verify the availability of the desired business name with Companies House Gibraltar.
- Submit the application: A business name application form, along with the required documentation, must be submitted. This can be done by sole traders, partnerships, or companies.
- Approval and issuance of a certificate: Once the name is approved, a Business Name Certificate is issued, allowing you to operate under that name legally in Gibraltar.
TAG can assist you throughout the entire process, ensuring everything is properly filed and on time.
The company incorporation process in Gibraltar is generally quick and efficient. The exact time frame depends on the type of business structure you choose and the nature of your business. Simpler structures, like a private company limited by shares, tend to be processed more swiftly, while more complex setups or businesses in regulated industries might take longer due to additional requirements. Regardless of your business type, TAG will guide you through the process smoothly, ensuring all documentation is in order to help you start your operations as soon as possible.
The Gibraltar offers various company structures, including Limited Liability Company (LLC), Free Zone Company, Branch Office, Offshore Company, and Sole Establishment. Each structure has its own requirements, benefits, and limitations.
The process typically involves selecting a business activity and legal structure, obtaining initial approvals, choosing a company name, preparing documentation, securing a local sponsor or service agent (if required), and obtaining licenses and permits.
Requirements vary depending on the type of business activity and the jurisdiction (mainland or free zone). Generally, businesses need to submit specific documents, such as a business plan, passport copies, and proof of address, along with the completed application form.
Costs can vary depending on factors such as the chosen company structure, business activity, location, and additional services required. Common expenses include government fees, license fees, office rent, visa fees, and professional service fees.
