Gibraltar Company Formation

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.   

Fees for Registering and Maintaining Companies

 

Purchase & First Year’s Maintenance

Second & Subsequent Years’ Maintenance

Formation / Provision of Company

£290.00

£100.00

Company Secretarial Maintenance / Statutory Compliance

£500.00

£500.00

Annual Return

N/A

£100.00

Annual Government Duties/Filing Requirements

£225.00

£225.00

NET Total

£1,015.00

£925.00

VAT (if applicable to invoicee)

£ 138.25

£ 105.00

GROSS Total if VAT Applicable

£1,153.25

£1,030.00

 

 

 

Optional Extras

 

 

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]

£500.00

£500.00

Certificate of Good Standing

POA

 

Government Certified Copy Memorandum & Articles

POA

 

 [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]

Information on Corporate Vehicles

Statutes

The Companies Ordinance Act 1984 as amended

Types of Company

Private Companies

Time to Incorporate

5 to 7 days or Same Day for a £100 surcharge.

Info required prior to Incorporation

Normal Due Diligence to local formation agent.

Off the Shelf Companies

Available.

Company Name

Must end with the word “Limited”. Initials must be explained in a separate letter.

Members

Minimum of One.

Directors & Secretary

Minimum of One of Each required; Corporates Permitted; No Restrictions on Location subject to having a resident joint-secretary.

Share Capital

Usual Minimum of £1,000.

Bearer Shares

Permitted but rarely used due to impracticalities..

Registered Office / Agent

Local Registered Office Required; No Agent Required.

Papers to be kept at Registered Office

Registers of Members, Directors and Mortgages & Charges.

Public Information

Officers, Shareholders, Memorandum & Articles, Annual Return, Mortgages & Charges.

Corporate Books & Seal

Usually maintained at Registered Office.

Meetings

Annually.

Annual Return

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.

Annual Accounts

Required to 30th June in each year in simple format

Audit Requirements

Small Companies Exempted.

Exchange Controls

None.

Government Duties

£300 per annum for an active company.

Taxation

None after the £300 duty referred to above.

Double Tax Treaties

None.

Migration / Re-Domiciliation

Migration into and out of Gibraltar is permitted.

Advantages of Jurisdiction

EU Exempt Companies available, Inexpensive.

Disadvantages of Jurisdiction

Not well established in comparison with other jurisdiction and susceptible to EU pressure on tax matters.
 
Terms & Conditions