Territory of Spain at the South of Pyrenees Peninsula on the Gibraltar Gulf. Territory - 6,5 square km; population-approximately 30 000, official language - English. Political system: a colony of the Great Britain, with autonomous local government.
| Advantages | Not expensive European jurisdiction with the status of tax-exempted company Membership of the EC |
| Corporative legislation | Decree of Companies 1984, amended on 1992, 1996 |
| Form of tax-exempted company | Non-resident companies (hereinafter - company) |
| Authorized business activities | All and any activities not prohibited by the law Providing of banking, insurance, and re-insurance, trust services is subject to special license |
| Prohibited activities | Transactions with the residents of Gibraltar, ownership of real estate on the territory of Gibraltar |
| Taxation | Company is exempted from all and any taxes and duties |
| Name of the company | The name has to end in the word Limited The words Association, Bank, Chamber, Charter, International, Group, Municipal, Royal, Fund and a number of other words are subject to approval by the Companies Register |
| Who executes the foundation documents? | Signatories who nominate the first director |
| Equity capital of the company | Equity capital of the company is established by declaration |
| Recommended statute capital | 2000 GBP, divided into 2000 shares with par value 1 GBP |
| Shares | Emission limited to registered shares with par value |
| Shareholders - Minimum number - Nominal shareholders - Holders of trust equities |
One natural or legal entity Permitted Permitted |
| Does the law provide for non-disclosure of the information? - About actual owner of the company - About bank operations |
The actual owner of the Company can not be determined, if shares are hold by nominal shareholder Yes |
| Directors - minimum number - nationality and citizenship - status |
One natural or legal entity No requirements All the rights apart from those falling into the exclusive competence of shareholders (determined by articles of association) |
| On the territory of Gibraltar there has to be: - registered office - registered agent - local secretary |
Required Required Required (has to be a resident of Gibraltar) |
| Holding of the meeting of -shareholders -directors |
Meetings may be hold in any part of the world Minutes may be kept at any place No requirements |
| Mandatory - keeping of accounting records - annual account - presentation of auditor's conclusion |
No Yes No |
| Information at disposal to the third party | Names and addresses of directors and shareholders, registered office, memorandum and articles of association/TD> |
| Documents kept at the registered office | Register of shareholders and directors |
| Agreements on exemption from double taxation | No |
| Currency control | No |
| Term of incorporation | 3 weeks |
| Financial year ending on | Look for: Annual support of companies |
| Costs of registration of company | Look for: Costs of registration and service |
| Possibility to purchase a ready-made company | Yes, look for: Ready made companies |