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Gibralter Offshore Company

 

Gibralter Offshore Company | Aidelco Consulting | Gibralter Offshore Company Formation

 Gibralter Offshore Company 

Gibralter Offshore Company | Aidelco Consulting | Gibralter Offshore Company Formation

  • Gibralter Offshore Company | Aidelco Consulting | Gibralter Offshore Company FormationGibraltar is a British Overseas Territory located on the southern end of the Iberian Peninsula at the entrance of the Mediterranean. It has an area of 2.3 square miles (6.0 km2) and a northern border with the Province of Cádiz in Andalusia, Spain. The Rock of Gibraltar is the major landmark of the region. At its foot is a densely populated city area, home to almost 30,000 Gibraltarians and other nationalities. It was an important base for the Royal Navy; today its economy is based largely on tourism, online gambling, financial services, and shipping.Under the Gibraltar constitution of 2006, Gibraltar governs its own affairs, though some powers, such as defence and foreign relations, remain the responsibility of the UK Government.- Source Wikipedia -.
  • Gibralter Offshore Company | Aidelco Consulting | Gibralter Offshore Company FormationThe British military traditionally dominated Gibraltar’s economy, with the naval dockyard providing the bulk of economic activity. This however, has diminished over the last twenty years, and is estimated to account for only 7% of the local economy, compared to over 60% in 1984. Today, Gibraltar’s economy is dominated by four main sectors: financial services, Online gambling, shipping and tourism (including retail for visitors).In the early 2000s, many bookmakers and online gaming operators relocated to Gibraltar to benefit from operating in a regulated jurisdiction with a favourable corporate tax regime. Tourism is also a significant industry. Gibraltar is a popular port for cruise ships and attracts day visitors from resorts in Spain. The Rock is a popular tourist attraction, particularly among British tourists and residents in the southern coast of Spain. It is also a popular shopping destination, and all goods and services are VAT free.

    A number of British and international banks have operations based in Gibraltar. Jyske Bank claims to be the oldest bank in the country, based on Jyske’s acquisition in 1987 of Banco Galliano, which began operations in Gibraltar in 1855. An ancestor of Barclays, the Anglo-Egyptian Bank, entered in 1888, and Credit Foncier (now Crédit Agricole) entered in 1920. In 1967, Gibraltar enacted the Companies (Taxation and Concessions) Ordinance (now an Act), which provided for special tax treatment for international business.

    This was one of the factors leading to the growth of professional services such as private banking and captive insurance management. Gibraltar has several positive attributes as a financial centre, including a common law legal system and access to the EU single market in financial services.

    – Source Wikipedia -.

 
 

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Gibralter Offshore Company | Aidelco Consulting | Gibralter Offshore Company Formation

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Gibraltar Key Company Features
General
Company type Non-Resident Private Company Limited by Shares
Type of Law Common Law
Requirement for registered office and address Yes.Must be maintained in Gibraltar
Name restrictions Names of existing firms,or names similar enough to
cause confusion.Other names in the opinion of the
Registrar considered inappropriate and/or offensive.
Also names that imply Govornment association or
connection to the Banking or Finance industries.
Language of name Any name can be registered in Latin script. Foreign
names in Latin script have to be accompanied by an
English translation to ensure compliance.
Allowable suffixes Limited or LTD
Corporate Taxation Zero as long as business is being conducted with firms
outside of Gibraltar. Business with local firms is allowed,
but in this case a 10% CIT on profits is imposed.
Corporate legislation environment The Gibraltar Financial Services Commission is the
Govorning Authority and is based on the amended
versions of the British 1929 companies act and the
companies ordinance. Recent amendments ensure
convergence with EU Legislation.
Language of legislation and official documentation English
Offshore legisltation environment Modern and Secure Legislation
Restrictions on Trading A Gibraltar registered company may not trade with a
resident company if it is to keep it’s Tax-Free status.
Gibraltar registered company may also not undertake
business related with banking, insurance, reinsurance,
fund/asset management and any other finance related
activities.
Confidentiality Names of shareholders are registered in the annual
return on the incorporation documents however names
of nominee shareholders are confidential as long as the
company and shareholders are not suspected of any
criminal and laundering activities.
Stability Stable juristiction with solid reputation
Formation Time 1 Week
Bearer Shares Bearer shares are not permitted
Timezone GMT+1
Share capital requirements
Official currency GBP
Permitted currencies Any
Share capital requirement 1GBP
Directors
Minimum Directors 1
Requirement for local administrator or Director None
Location of meetings and General Assembly Anywhere except Gibraltar
Shareholders
Minimum number of shareholder/s 1
Public records access requirements Yes
Company Secretary
Requirement Yes
Local or licensed requirement Yes
Statutory Accounts Requirements
Accounting/Reporting requirements Yes
Annual Tax returns Yes
Requirements for Audit Yes (except for small companies)
Public Accesability of Accounts No
Incorporation Procedure and Documentation
A certified passport copy (or identity card), as well as proof of domicile (ie utility bill) dated less than three months.Note: It is possible to represent you with a confidential mandate.Click on the below link to be redirected.