Introduction to setting up a Company in Gibraltar
Gibraltar is renowned for its extremely advantageous benefits for Gaming and Crypto-currency companies.
A subsidiary in Gibraltar is a legal entity regulated by the Gibraltar Companies Act 2014. The country is renowned for its zero corporate tax for offshore companies and only 12.5% on resident companies. It also boasts advantages such as network of double taxation treaties, no withholding tax, no VAT and no capital gains tax. advanced telecommunications, and efficient banking facilities.
As a subsidiary is regarded as a limited liability company, its name should be unique from the parent company and decided before the incorporation process.
What are the main requirements for a Gibraltar Company?
– The minimum authorized capital required is GBP 1
– The minimum issued capital is 1 share of GBP 1
– The minimum number of shareholders is 1
– The minimum numbers of directors is 1
– The Memorandum & Articles of Association of the subsidiary
– The resolution of the parent company detailing its decision to form the subsidiary
– A registered office in Gibraltar
The documents shown above are required for registration of the subsidiary with the Gibraltar Companies House within 1 month of the date of constitution.
What are the accounting requirements of a Gibraltar Company?
The Gibraltar Companies Act is in consensus with the International Accounting Standards, requiring financial accounts to be prepared on an annual basis.
A Gibraltar subsidiary must register with the Gibraltar tax authorities and submit and annual tax return.
Please contact us in order to discuss your accounting requirements.
We will handle every aspect of the Company formation for you. Using our expert knowledge we can offer a company formation package in which we take care of company registration, issue of the certificates of registration, local directors, local representative and place of business in Gibraltar, tax registration, VAT registration, and translation of documents (if required).
Our unique one stop solution for all European formation requirements also offers formation packages to set up multiple companies. The benefits for establishing multiple companies include further increased exposure and global presence, and we can organise everything for you.
A summary of Gibraltar Corporate Taxes is available here.