REGISTER COMPANY IN GIBRALTAR

Preface: Registering a company in Gibraltar can be a hassle-free endeavor when you have the right guidance. With Fionza Consultants leading the way, you can free up your valuable time and resources for more critical tasks.

Our team of experts operates with a lean and efficient approach, ensuring a smooth and expedited registration process. Our ultimate aim is to have your Gibraltar company fully operational within just 5 weeks.

Our comprehensive service package covers all the essentials for setting up a company in Gibraltar, including:

1. Company Registration with Gibraltar Companies House.
2. Provision of a Local Company Secretary and a Registered Address.
3. Assistance in Opening a Local or International Corporate Bank Account.
4. Handling License Applications when necessary.
5. Providing Annual Accounting and Tax Services to keep your business compliant.

HOW LONG DOES IT TAKE TO REGISTER GIBRALTAR COMPANY AND OPEN CORPORATE BANK ACCOUNT?

Fionza Consultants offers a rapid Gibraltar company registration service, typically completing the process within just 1 week. All that’s required from you are the basic KYC (Know Your Customer) documents for your directors and shareholders. Once we have these documents, Fionza Consultants will promptly reserve your preferred company name with the Gibraltar Companies House.

The best part is that you won’t need to make any trips to Gibraltar throughout the entire engagement.

Upon successful incorporation of your Gibraltar company, Fionza Consultants will promptly dispatch essential documents to you. These include the certificate of formation, memorandum & articles of association, and the register of directors and shareholders.

Within a mere 4 weeks following company registration, Fionza Consultants will diligently work to open a corporate bank account for you. This account can be established with a reputable local or international bank, based on your preferences.

As a result of our streamlined processes, you can anticipate initiating business operations and issuing invoices under your Gibraltar company’s name within just 5 weeks.

For those interested in a deeper understanding of the registration process, Fionza Consultants has thoughtfully prepared a comprehensive step-by-step guide. Feel free to contact us to access this valuable resource and embark on your Gibraltar business journey with confidence.

DOING BUSINESS IN GIBRALTAR

Is it possible for foreigners to establish a business in Gibraltar?

Absolutely, Gibraltar offers a welcoming environment for foreign entrepreneurs. It allows 100% foreign ownership without the need for a local director. Gibraltar treats domestic and foreign investments equally, making it remarkably accessible for residents and non-residents alike. The favorable tax policy exempts non-resident firms that don’t operate within Gibraltar, and there are no taxes on wealth or dividend receipts.

Moreover, Gibraltar boasts a highly advantageous legal framework based on the UK’s commonwealth system. This ensures up-to-date and rigorous legislation and regulations, facilitating businesses in their international operations. Setting up a bank account is a breeze since several renowned international banks have branches in Gibraltar.

How many companies are currently registered in Gibraltar?

Gibraltar is home to an estimated 60,000 registered companies, marking a significant transformation from its past as a former British military base, heavily reliant on the UK Ministry of Defence. This underscores its successful shift towards industries like financial services and gaming.

Financial and Insurance Companies Registered in Gibraltar Gibraltar’s financial services industry holds a prestigious reputation, thanks to strict regulation by the Gibraltar Financial Services Commission. It has attracted prominent players like KPMG, Barclays, and the Royal Bank of Scotland.

Gaming Companies Registered in Gibraltar The Gibraltar Gambling Commission oversees the gaming sector and issues crucial gaming licenses. Emphasizing responsible gambling and compliance with EU anti-money laundering laws, the commission enforces rigorous regulations on advertisements, privacy, and accountability. It’s no surprise that Gibraltar has earned its status as a premier destination for online gambling, attracting major names such as 888, bet365, and Betfair.

HOW TO REGISTER A COMPANY IN GIBRALTAR?

Fionza Consultants offers a comprehensive guide on how to open a company in Gibraltar, with a streamlined 6-step process that can have your business up and running within 6 weeks.

Step 1: Choose the Right Corporate Entity Our expert consultants assess your business goals and activities to recommend the ideal corporate structure, paid-up share capital, and necessary licenses. We ensure compliance with Gibraltar’s regulations.

Step 2: Reserve Your Company Name Fionza Consultants conducts a thorough Gibraltar entity search to secure your preferred company name with the Gibraltar Company Register.

Step 3: Gather Required Documents Directors and shareholders typically need to provide KYC documents, such as certified passport copies, proof of address, and bank reference letters. We can also assist in renting a local registered office and offer nominee director services for enhanced privacy. Depending on your business, we’ll draft Articles of Association, a business plan, and other essential documents.

Step 4: Register Your Company We handle the registration process with the Gibraltar company registry and ensure timely approval. We’ll then send your Certificate of Incorporation, Memorandum and Articles of Association, and other corporate documents to your specified address, translated into English if needed. We also assist in obtaining business permits and licenses, including cryptocurrency exchange and remote gambling licenses.

Step 5: Open a Corporate Bank Account Fionza Consultants facilitates corporate bank account openings with our trusted banking partners in Gibraltar. Our banking team will guide you on the best account options for your business needs. Typically, this process takes approximately four weeks, and our team can accompany you to the bank meeting if required. Once your account is set up, we’ll courier the internet banking token and access codes to your preferred address.

Step 6: Fulfill Financial Reporting and Taxation Requirements All companies in Gibraltar must maintain annual financial records and present an annual company report to shareholders within 18 months of incorporation. Small companies meeting specific criteria benefit from reduced reporting requirements. Gibraltar does not impose capital gains tax, wealth tax, or value-added tax. The corporate income tax rate of 10% applies only to income derived in Gibraltar, with no withholding tax except for interest payments to resident companies at 22%.

By following these steps and leveraging Fionza Consultants’ expertise, you can efficiently establish and operate your business in Gibraltar.

WHAT TYPES OF COMPANIES ARE THERE?

When considering company structures in Gibraltar, it’s crucial to understand the various options available, each with its own advantages and compliance requirements. Our experienced Gibraltar company formation agents will guide you in selecting the most suitable structure based on your business needs.

Gibraltar’s company law categorizes companies into the following structures:

1. Limited Liability Company (LLC)

Limited by shares or guarantee, LLCs offer a distinct legal personality, shielding directors and shareholders from personal liability. They are further categorized into public and private companies. Private companies, designed for non-public investment, have less stringent incorporation requirements. Public limited companies require two directors and a minimum £20,500 share capital, while private limited companies need only one director and no minimum paid-up capital. Both types do not necessitate local residency for directors or shareholders but require a local secretary and registered address, services which Fionza Consultants can provide.

2. Ordinary Partnership, Limited Partnership, and Limited Liability Partnership (LLP)

Ordinary partnerships expose all members to unlimited liability for partnership debts and obligations, making them a less recommended option for Gibraltar offshore company formation due to increased risk. LLPs, on the other hand, function similarly to LLCs, offering separate legal personality without the need for board meetings, resolution-based decision-making, or a memorandum/articles of association. However, LLPs cannot issue or hold shares. Limited partnerships combine aspects of ordinary and limited liability partnerships, distinguishing between general partners with unlimited liability and limited partners whose liability is restricted to their share capital; limited partners cannot engage in management.

3. Protected Cell Companies (PCC), Trusts, and Foundations

Gibraltar provides three distinctive company structures not commonly found elsewhere:

Trusts: These companies are established solely to oversee, manage, and transfer assets to eventual beneficiary companies.
Foundations: Entities created for making private contributions to philanthropic endeavors.
PCCs: A specialized form of LLC, PCCs consist of a core company and several individual “cells” under an umbrella structure. When complying with the Protected Cell Companies Act 2001, each cell assumes individual liability for its assets. PCCs are suitable for different clients and activities, allowing segmentation of cells for various clients and risk levels while safeguarding each cell’s assets from creditors’ claims against the entire company.
By understanding these company structures and their implications, you can make an informed choice for your Gibraltar company formation.

ACCOUNTING AND TAX OBLIGATIONS

When incorporating your company, it’s crucial to consider accounting and tax matters. By entrusting your Gibraltar accounting and tax responsibilities to Fionza Consultants, you can have confidence in our expertise and efficiency. Our team of consultants will ensure that your company’s financial statements, corporate tax returns, and audits are completed promptly, all without requiring you to travel.

Furthermore, outsourcing your accounting and tax requirements to Fionza Consultants can lead to reduced overhead costs while guaranteeing timely reporting and filings. Our accounting team will keep you well-informed about all necessary deadlines and expectations before commencing our services. Subsequently, we will proactively prepare all required filings well in advance to ensure compliance with the specified deadlines.

Annual Reporting Requirements

Gibraltar follows the Gibraltar Financial Reporting Standards, which are akin to the United Kingdom’s accounting standards. In summary, every company is required to, at a minimum, prepare their annual financial records and an annual company report for presentation during an annual general meeting, to be held at least once per financial year. However, it’s important to note that only banking and insurance companies, as well as large companies, are mandated to prepare unabridged balance sheets and are subject to audit requirements.

Tax Requirements

Gibraltar is known for its tax-friendly environment, with no capital gains tax, wealth tax, or value-added tax. The corporate income tax rate of 10% applies exclusively to income derived within Gibraltar. Additionally, Gibraltar imposes no withholding tax, except for interest payments to resident companies, which are taxed at a rate of 22%.

By choosing Fionza Consultants to handle your accounting and tax obligations in Gibraltar, you can have peace of mind knowing that your financial matters will be managed by professionals, allowing you to focus on your core business operations.

WHY REGISTER A COMPANY IN GIBRALTAR?

Before proceeding with the establishment of a limited company in Gibraltar, it is crucial to gain a comprehensive understanding of the jurisdiction’s business landscape. This knowledge will ensure that your newly formed entity can operate legally and thrive in pursuit of your long-term objectives.

Political Overview: Gibraltar, located in southwestern Europe, is officially a British Overseas Territory. It possesses its own political framework and autonomy within the territory. However, when it comes to international defense and foreign affairs, the Gibraltar government lacks decision-making authority, with the UK government taking charge. Despite Gibraltar’s exit from the European Union alongside the UK, agreements like the New Year’s Eve Agreement and the Schengen Agreement are likely to facilitate visa-free travel and maintain Gibraltar’s relationship with the EU.

Economic Insights: Gibraltar is a highly favored choice for setting up offshore companies due to its corporate tax policy. Non-resident companies that don’t engage in trade within Gibraltar are exempt from corporate tax. Notably, Gibraltar is the sole European finance center exempt from value-added tax (VAT). The jurisdiction boasts an annual GDP of approximately £2.4 billion, translating to a GDP per capita of approximately £92,843.

Social Environment: With its high GDP per capita, Gibraltar offers a high quality of life characterized by a low crime rate. It combines lush, vibrant natural beauty with modern shopping and dining facilities, creating a relaxed Mediterranean culture. Gibraltar’s population stands at around 34,000, making it unsuitable for companies targeting a small domestic market.

Technological Advancements: Gibraltar has witnessed a surge in cryptocurrency exchanges, thanks to the Gibraltar Financial Services Commission (GFSC), which introduced a robust regulatory framework. This framework ensures that virtual currency exchanges can operate securely and in a well-regulated environment.

Legal Considerations: If you are interested in establishing a remote gambling company, Gibraltar offers opportunities under the Gibraltar Gambling Act 2005. Licensing is typically granted to applicants with a proven track record. Moreover, Gibraltar imposes minimal requirements for company registration. There’s no obligation to appoint local directors or shareholders, and your Gibraltar company can be registered within just five business days.

Contact us to learn more about our comprehensive range of services and how we can assist you in forming a Gibraltar company with a bank account opening. Our team of experts will respond within 24 hours with tailored advice to meet your specific needs.