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CONTENTS:






INFRASTRUCTURE



Gibraltar has provided offshore services for approximately 30 years and has developed an excellent infrastructure to support a major offshore centre.

LABOUR

The labour market in Gibraltar is very flexible and the local professional workforce is highly educated. More than 50% of school leavers in Gibraltar go on to further education in UK universities and many of them go on to attain UK professional qualifications.

Most importantly, salary costs in Gibraltar are approximately 50% of those paid to equivalent staff in the City of London.

There are no job quotas in Gibraltar and no requirements to employ local staff. There are also no restrictions on residence or work permits for EEA nationals.

There is a beneficial tax regime for expatriates with specialist skills working in the insurance sector (see Taxation).

PROPERTY

There is approximately 500,000 square feet of modern, high quality office space available to rent in Gibraltar at very competitive prices (from approximately £7 per square foot).

Many people working in the finance centre in Gibraltar commute daily from Spain.

BANKING

There are approximately 26 banks and financial institutions established in Gibraltar offering a full range of banking services to the insurance sector. Many of the banks are global players and household names.

LEGAL SYSTEM

The legal system in Gibraltar is based on the English common and statute law as varied by local laws.

LAWYERS

Gibraltar has the highest per capita population of lawyers in the world. All lawyers practising in Gibraltar are UK qualified and many of the larger firms have associations with international law firms.

ACCOUNTANTS

Five of the "Big Six" international accountancy firms are established in Gibraltar. There are also a large number of other well established international and local accountancy firms.

LANGUAGE

English and Spanish are both first languages spoken in Gibraltar. The official and business language in Gibraltar is English.

CURRENCY

The unit of currency in Gibraltar is the Pound Sterling. There is local note and coinage issue which is on par with Sterling. The ECU is also legal tender in Gibraltar.

EXCAHNGE CONTROLS

There are no exchange control restrictions in Gibraltar. There is complete freedom to remit funds into or out of Gibraltar and to convert funds into other currencies.

TRANSPORT

There are daily flights to and from London. Many other international destinations may reached via Malaga airport which is one hour from Gibraltar.

TELECOMMUNICATIONS

Gibraltar provides a full range of state of the art digital, satellite, mobile and internet communication services.

"PROFIT FROM OUR LIFESTYLE"

Lifestyle

An average of 300 days annual sunshine per annum

60 top class golf courses on its doorstep, including the 1997 Ryder Cup course at Valderamma which is only 20 minutes from Gibraltar.

A whole variety of sports including tennis, sailing, polo, diving, shooting, horseriding, skiing , all within easy reach of Gibraltar.



TAXATION - "PROFIT FROM OUR OPPORTUNITIES"



TAX EFFICIENT

A Gibraltar insurance company can be established either as an "exempt company " or a "qualifying company", provided it has no Gibraltarian shareholder, nor does business in the domestic Gibraltar market.

EXEMPT COMPANIES

Gibraltar exempt companies pay a fixed annual tax of £225. Exempt status is valid for 25 years from the date of issue.

QUALIFYING COMPANIES

Gibraltar qualifying companies are chargeable to tax on their profits at such rates as may be agreed by the Financial and Development Secretary, up to a maximum rate of 35%. A fee of £250 and deposit of £1000 is payable for obtaining a qualifying certificate. The criteria for qualifying companies are the same as for exempt companies.

CHOICE OF TAX REGIMES

The choice of tax regimes gives the company the flexibility to choose the tax structure which best suits its group tax circumstances.

There is also an attractive tax regime for insurance specialists working in the insurance sector in Gibraltar. Individuals qualifying for REPSS (Relocated Executives Possessing Specialist Skills) status pay a fixed amount of tax in Gibraltar of £10,000 regardless of their world-wide income.

NO VALUE ADDED TAX (VAT)

There is no Value Added Tax in Gibraltar, giving a price advantage to service operations whose charges may be chargeable to VAT, in other European territories.

OTHER TAXES

There is no capital gains tax, gift tax, wealth tax or inheritance tax in Gibraltar.



AUTHORISED INSTITUTIONS IN GIBRALTAR



AUTHORISED BANKS

Abbey National (Gibraltar) Ltd
Tel No: + 350 76090
Fax No: + 350 72028

ABN AMRO Bank (Gibraltar) Ltd
Tel No: + 350 79220
Fax No: + 350 78512

Banco Atlantico (Gibraltar) Ltd
Tel No: + 350 40117
Fax No: + 350 40110

Banco Bilbao Vizcaya (Gibraltar) Ltd
Tel No: + 350 77796 / 77871 / 77896
Fax No: + 350 77621

Banco Bilbao Vizcaya International (Gibraltar) Ltd
Tel No: + 350 79420
Fax No: + 350 73870

Banque Indosuez
Tel No: + 350 75090
Fax No: + 350 79618

Barclays Bank Offshore Financial Services (Gibraltar) Ltd
Tel No: + 350 78565
Fax No: + 350 79987

Barclays Bank PLC
Tel No: + 350 78565
Fax No: + 350 79987

Credit Suisse (Gibraltar) Ltd
Tel No: + 350 78399 / 76606
Fax No: + 350 76027

Discover Card Bank Limited
Tel No: + 350 41914
Fax No: + 350 41915

Hambros Bank (Gibraltar) Ltd
Tel No: + 350 74850
Fax No: + 350 79037

Hambros Bank Ltd
Tel No: + 350 74850
Fax No: + 350 79037

Hispano Commerzbank (Gib) Ltd
Tel No: + 350 74199
Fax No: + 350 74174

Jyske Bank (Gibraltar) Ltd
Tel No: + 350 72782
Fax No: + 350 72732

Lloyds Bank PLC
Tel No: + 350 77373
Fax No: + 350 70023

National Westminster Bank PLC
Tel No: + 350 77737
Fax No: + 350 74557

Newcastle Bank (Gibraltar) Ltd
Tel No: + 350 76168
Fax No: + 350 76169

Republic National Bank of New York (Gibraltar) Ltd
Tel No: + 350 79374
Fax No: + 350 75684

Springfield Bank & Trust Ltd
Tel No: + 350 42670
Fax No: + 350 42676

The Gibraltar Private Bank Ltd 
Tel No: + 350 73350
Fax No: + 350 73475

The Royal Bank of Scotland (Gibraltar) Ltd
Tel No: + 350 73200
Fax No: + 350 70152

Turicum Private Bank Ltd
Tel No: + 350 44144
Fax No: + 350 44145

CAPTIVE INSURANCE MANAGEMENT

AIG Insurance Management Services (Gibraltar) Ltd
PO Box 703
Regal House
3 Queensway
Gibraltar

Caledonian Insurance Management Services Ltd (trading as Sinser)
PO Box 371
13 Ragged Staff Wharf
Gibraltar

Norwich Union Fire Insurance Society  (Gibraltar) Ltd
Tel No: + 350 79520
Fax No: + 350 70942

Sinser (Gibraltar) Agency
Tel No: + 350 45578
Fax No: + 350 45579

Willis Corroon Management (Gib) Ltd
Tel No: + 350 51801
Fax No: + 350 51802

COMPANY MANAGERS & PROFESSIONAL TRUSTEES

ABN AMRO Bank (Gibraltar) Ltd
Tel No: + 350 79220
Fax No: + 350 78512

Anglo Swiss Fiduciary Services Ltd
Tel No: + 350 70318
Fax No: + 350 44422

Arbor Trust Ltd
Tel No: + 350 45066
Fax No: + 350 45067

Argenta Management Company Ltd
Tel No: + 350 45460
Fax No: + 350 45450

Atlas Trust Company Ltd
Tel No: + 350 50447
Fax No: + 350 74718

Banco Bilbao Vizcaya International (Gibraltar) Ltd
Tel No: + 350 79420
Fax No: + 350 73870

Banco Indosuez
Tel No: + 350 75090  
Fax No: + 350 79618

Barclays Bank Offshore Financial Services (Gibraltar) Ltd
Tel No: + 350 78565
Fax No: + 350 79987

BDO Fidecs Trust Company Ltd
Tel No: + 350 42686
Fax No: + 350 42701

Budlaw Management Ltd
Tel No: + 350 73571

Castle Trust & Management Services Ltd
Tel No: + 350 40466
Fax No: + 350 43370

Citco Gibraltar Ltd
Tel No: + 350 78202
Fax No: + 350 74436

Clifton Management Services Ltd
Tel No: + 350 76761
Fax No:

CNW Company Ltd
Tel No: + 350 74537
Fax No: + 350 74535

Consult Ltd
Tel No: + 350 44170
Fax No: + 350 77848

Coopers & Lybrand
Tel No: + 350 73520
Fax No: + 350 76689

Cornish & Co
Tel No: + 350 41800
Fax No: + 350 41931

Credit Suisse Trust Ltd
Tel No: + 350 78399
Fax No: + 350 42500

CV Management Services Ltd
Tel No: + 350 76933
Fax No: + 350 76718

Deloitte & Touche Trust & Corporate Services Ltd
Tel No: + 350 41200
Fax No: + 350 41201
E-Mail: deloitte@gibnet.gi

E & W Corporate Services Ltd
Suite 5, International House
Bell Lane
Gibraltar

ECS International Ltd
Tel No: + 350 76513
Fax No: + 350 79523

Eldo Secretaries Ltd
Suite 4, 9th floor
International Commercial Centre
Casemates Square
Gibraltar

Equitable trust Company Ltd
Tel No: + 350 76974
Fax No: + 350 42701

Eurolife Management Services Ltd
Tel No: + 350 73495
Fax No: + 350 73120

Europa Trust Company Ltd
Tel No: + 350 79013/ 79038
Fax No: + 350 70101

F G Management Ltd
Suite E, Regal House
Queensway
PO Box 246
Gibraltar

Fiduciary Management Limited
Tel No: + 350 76651
Fax No: + 350 42599

First Rock Trustees Ltd
Suite 41/42
Victoria House
22/26 Main Street
PO Box 743
Gibraltar

Form-A-Co
Tel No: + 350 79959
Fax No: + 350 79894

Gibland Secretarial Services Limited
Tel No: + 350 44200
Fax No: + 350 42601

Gibraltar Asset Management Ltd
Tel No: + 350 75181
Fax No: + 350 74209

Gibraltar International Trust Corporation Ltd
Tel No: + 350 79423
Fax No: + 350 71405

Gibro Corporate Management Ltd
Tel No: + 350 43777
Fax No: + 350 43538

Glendower Management Services Ltd
Tel No: + 350 41380
Fax No: + 350 41827

Grays Management Services Ltd
Tel No: + 350 40388
Fax No: + 350 40398

Hambros Bank (Gibraltar) Ltd
Tel No: + 350 74850
Fax No: + 350 79037

Havelet Trust Company (Gibraltar) Ltd
Tel No: + 350 79557 / 79719
Fax No: + 350 76672 / 78329

Hispano Commerzbank (Gibraltar) Ltd
Tel No: + 350 74199
Fax No: + 350 74174

International Company Services (Gibraltar) Ltd
Tel No: + 350 76173
Fax No: + 350 70158

Jordans (Gibraltar) Ltd
Tel No: + 350 75446
Fax No: + 350 79902

Jyske Bank (Gibraltar) Ltd
Tel No: + 350 72782
Fax No: + 350 72732

Kincraig Ltd
Tel No: + 350 76636

Langtry Trust Corporation (Gibraltar) Ltd
Suite 7B and 8B
50 Town Range
Gibraltar

Line Management Services Ltd
Tel No: + 350 79000
Fax No: + 350 71966

Lloyds Bank PLC
Tel No: + 350 77373
Fax No: + 350 70023

Logistable Ltd
Tel No: + 350 41955
Fax No: + 350 41957

Lombard Services Ltd
Tel No: + 350 74593

M & M Management Services Ltd
Tel No: + 350 40888
Fax No: + 350 40999

Mediterranean Trust Corporation Ltd
Clintons Chartered Accountants
Suites 2 & 3
Gibraltar Heights
215 Main Street
Gibraltar

Merkur Corporate Services Ltd
Tel No: + 350 71851
Fax No: + 350 76573

Minister Management Services Ltd
Tel No: + 350 76677
Fax No: + 350 76868

North Atlantic Trust Company Ltd
Tel No: + 350 42889
Fax No: + 350 40003

Oliver Company Management Ltd
Tel No: + 350 77122
Fax No: + 350 40274

Overseas Company Registration Agents Ltd
Suite E, Ground Floor
Regal House
Queensway
Gibraltar

PMM Trust Company Ltd
Suite C, 3rd Floor
Regal House
Queensway
PO Box 191
Gibraltar

Portex Corporation Services Ltd
Tel No: + 350 77000
Fax No: + 350 50555

Prime Trust Corporation
Tel No: 74572
Fax No: + 350 79381

Professional & Corporate Trust Ltd
Tel No: + 350 74573
Fax No: + 350 70359

Ray Pilley Solicitor
Tel No: + 350 41056
Fax No: + 350 42595

Retainer Ltd
3/3 Turnbull's Lane
PO Box 832
Gibraltar

Sector Corporate Services Ltd
Tel No: + 350 40653
Fax No: + 350 40654

Springfield Financial Services Group
Tel No: + 350 42670
Fax No: + 350 42676

Stag Management Services Ltd
Tel No: + 350 73530
Fax No: + 350 71431

Stockwell Fiduciary & Management Services Ltd
Suites 1 œ
3 Irish Place
PO Box 466
Gibraltar

Summit Management Services Ltd
Tel No: + 350 74261

T & T Management Services Ltd
Tel No: + 350 72020

The Gibraltar Private Bank Ltd
Tel No: + 350 73350
Fax No: + 350 73475

The Royal Bank of Scotland
Tel No: + 350 73200
Fax No: + 350 70152

The Seamark Trust Company of Gibraltar Ltd
Tel No: + 350 42858
Fax No: + 350 42862

Trimar Management Services Ltd
Suite 3
6 Engineer Lane
PO Box 567
Gibraltar

Valcross Trust Company Ltd
Suites 7B and 8B
50 Town Range
Gibraltar

Valmet Corporate Services Ltd
Tel No: + 350 40000
Fax No: + 350 40404
INSURANCE INTERMEDIARIES

A M Capurro & Sons Ltd
Tel No: + 350 75149
Fax No: + 350 70513

Abbey National (Gibraltar) Ltd
Tel No: + 350 76090
Fax No: + 350 72028

BDO Fidecs Trust Company Ltd
Tel No: + 350 42686
Fax No: + 350 42701

Callaghan Insurance Brokers Ltd
Tel No: + 350 43636
Fax No: + 350 43870

Castiel Winser Financial Consultants Ltd
Tel No: + 350 77723
Fax No: + 350 79257

Eurolinx (Gibraltar) Ltd
Tel No: + 350 40240
Fax No: + 350 40241

General Accident Life Services Ltd
2 Rougier Street
York YOI IHR
United Kingdom

Gibraltar Asset Management Ltd
Tel No: + 350 75181
Fax No: + 350 74209

Gibro Insurance Services Ltd
Tel No: + 350 43777
Fax No: + 350 43538

Green Cross Ltd
Suites C & D
Regal House
3 Queensway
Gibraltar

Havelet Trust Company (Gibraltar) Ltd
Tel No: + 350 79557 / 79719
Fax No: + 350 76672 / 78329

Hursley Ltd
Suite 5a
50 Town Range
Gibraltar

Mascarenhas Insurance & Finance Ltd
Tel No: + 350 76434

National Westminster Bank PLC
Tel No: + 350 77737
Fax No: + 350 74557

Newcastle Building Society
Tel No: + 350 42136
Fax No: + 350 42137

Offshore Insurance Agents Ltd
Tel No: + 350 42882
Fax No: + 350 43572

Ophir Insurance Services Ltd
Tel No: + 350 73871
Fax No: + 350 70359

Prescott Ltd
Tel No: + 350 71531
Fax No: + 350 51333

R D Garson Ltd
82 Irish Town
Gibraltar

RLS Insurance & Financial Consultants Ltd
Tel No: + 350 71111
Fax No: + 350 42030

Savignon Insurance Brokers Ltd
Tel No: + 350 79620
Fax No: + 350 70942

Solrac & Co Ltd
Tel No: + 350 77622
Fax No: + 350 76394

Steel & Company (Gibraltar) Ltd
Tel No: + 350 75740
Fax No: + 350 79687

The Royal Bank of Scotland 
Tel No: + 350 73200
Fax No: + 350 70152

Valmet Corporate Services Ltd
Tel No: + 350 40000
Fax No: + 350 40404

INVESTMENT BROKERS, DEALERS & MANAGERS

ABN AMRO Bank (Gibraltar) Ltd
Tel No: + 350 79220
Fax No: + 350 78512

Aurelia Research Ltd
Tel No: + 350 78228
Fax No: + 350 43617

Banco Atlantico (Gib) Ltd
Tel No: + 350 40117
Fax No: + 350 40110

Banco Bilbao Vizcaya International (Gibraltar) Ltd
Tel No: + 350 77796 / 77871
Fax No: + 350 77621

Banque Indosuez
Tel No: + 350 75090
Fax No: + 350 79618

Barclays Bank Offshore Financial Services (Gibraltar) Ltd
Tel No: + 350 78565
Fax No: + 350 79987

Barclays Bank PLC
Tel No: + 350 78565
Fax No: + 350 79987

BDO Fidecs Trust Company Ltd
Tel No: + 350 42686
Fax No: + 350 42701

Bondpartners International (Gibraltar) Ltd
Tel No: + 350 44362
Fax No: + 350 44361

Credit Suisse (Gibraltar) Ltd
Tel No: + 350 78399
Fax No: + 350 46023

Credit Suisse Trust Ltd
Tel No: + 350 78399
Fax No: + 350 42500

Eurolinx (Gibraltar) Ltd
Tel No: + 350 40240
Fax No: + 350 40241

Finanziaria Indosuez International Ltd
Tel No: + 350 75090
Fax No: + 350 79618

Gibraltar Asset Management Ltd
Tel No: + 350 75181
Fax No: + 350 74209

Hambros Bank (Gibraltar) Ltd
Tel No: + 350 74850
Fax No: + 350 79037

Havelet Trust Company (Gibraltar) Ltd
Tel No: + 350 79557 / 79719
Fax No: + 350 76672 / 78329

Hispano Commerzbank (Gibraltar) Ltd
Tel No: + 350 74199
Fax No: + 350 74174

Jyske Bank (Gibraltar) Ltd
Tel No: + 350 72782
Fax No: + 350 72732

Labrow International Financial Management Ltd
Tel No: + 350 76342
Fax No: + 350 79373

Lloyds Bank PLC
Tel No: + 350 77373
Fax No: + 350 70023

Logistable Ltd
Tel No: + 350 41955
Fax No: + 350 41957

Mascarenhas Insurance & Finance Ltd
Tel No: + 350 76434

National Westminster Bank PLC
Tel No: + 350 77737
Fax No: + 350 74557

Norwich & Peterborough Building Society
Peterborough Business Park
Lynch Wood
Peterborough  PE2 6WZ
United Kingdom

Rock Ltd
Tel No: + 350 51600
Fax No: + 350 51601

Springfield Financial Services Group
Tel No: + 350 42670
Fax No: + 350 42676

The Gibraltar Private Bank Ltd
Tel No: + 350 73350
Fax No: + 350 73475


The Royal Bank of Scotland
Tel No: + 350 73200
Fax No: + 350 70152

Turicum Private Bank Ltd
Tel No: + 350 44144
Fax No: + 350 44145

CONTACT

Anthony Fisher

Finance Centre Development Director
Department of Trade & Industry
Government of Gibraltar
Suite 771, Europort
Gibraltar

Tel No No: + 350 50011
Fax No: + 350 47677
E-mail: finance@gibnynex.gi

Website:  Click Contact Link 

You may also wish to read through related material on business and finance in Gibraltar provided by the Gibraltar Finance Centre.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.