Gibraltar Company Formation
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The Gibraltar Peninsular lies at the southern tip of Spain
just 13 miles from the north coast of Africa. Gibraltar is a British Crown
Colony and their legal system is broadly based on English Common Law and local
statutes. The official language is English although most of the inhabitants
speak both English and Spanish.
Gibraltar has provided an Offshore Centre since 1967 and
continues as a dependent but self-governing UK territory, entering the EU
simultaneously with the UK itself.
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Fees for Registering and Maintaining Companies
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Purchase
& First Year’s Maintenance
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Second &
Subsequent Years’ Maintenance
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Formation / Provision of Company
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£290.00
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£100.00
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Company Secretarial Maintenance / Statutory Compliance
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£500.00
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£500.00
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Annual Return
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N/A
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£100.00
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Annual Government Duties/Filing Requirements
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£225.00
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£225.00
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NET Total
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£1,015.00
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£925.00
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VAT (if applicable to invoicee)
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£ 138.25
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£ 105.00
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GROSS Total if VAT Applicable
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£1,153.25
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£1,030.00
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Optional Extras
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Nominee Director / Shareholder per annum
[NB, one nominee may act in both capacities for one
Beneficial Owner, and only one Nominee is used for each such Beneficial
Owner. Check Data Sheet for Minimum No. of Officers/Members]
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£500.00
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£500.00
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Certificate of Good Standing
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POA
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Government Certified Copy Memorandum & Articles
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POA
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[NB. Value Added
Tax is applicable to all items, except Government Duties, subject to rules on
VAT local to the person/firm/company A1 Company Services Limited raises its
invoices to]
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Information on Corporate Vehicles
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Statutes
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The Companies
Ordinance Act 1984 as amended
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Types of Company
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Private
Companies
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Time to Incorporate
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5 to 7 days or
Same Day for a £100 surcharge.
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Info required prior to Incorporation
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Normal Due
Diligence to local formation agent.
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Off the Shelf Companies
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Available.
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Company Name
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Must end with
the word “Limited”. Initials must be explained in a separate letter.
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Members
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Minimum of
One.
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Directors & Secretary
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Minimum of One
of Each required; Corporates Permitted; No Restrictions on Location subject
to having a resident joint-secretary.
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Share Capital
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Usual Minimum
of £1,000.
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Bearer Shares
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Permitted but
rarely used due to impracticalities..
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Registered Office / Agent
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Local
Registered Office Required; No Agent Required.
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Papers to be kept at Registered Office
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Registers of
Members, Directors and Mortgages & Charges.
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Public Information
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Officers,
Shareholders, Memorandum & Articles, Annual Return, Mortgages &
Charges.
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Corporate Books & Seal
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Usually
maintained at Registered Office.
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Meetings
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Annually.
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Annual Return
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A Balance
Sheet is required for “Small Companies” with a turnover of less than £4.8m, a
balance sheet total of less than £2.4 m and less than 250 employees.
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Annual Accounts
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Required to 30th
June in each year in simple format
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Audit Requirements
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Small
Companies Exempted.
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Exchange Controls
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None.
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Government Duties
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£300 per annum
for an active company.
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Taxation
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None after the
£300 duty referred to above.
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Double Tax Treaties
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None.
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Migration / Re-Domiciliation
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Migration into
and out of Gibraltar is permitted.
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Advantages of Jurisdiction
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EU Exempt
Companies available, Inexpensive.
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Disadvantages of Jurisdiction
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Not well
established in comparison with other jurisdiction and susceptible to EU
pressure on tax matters.
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