Registration of companies in Gibraltar
from 2413.95 c.u.
Gibraltar is an overseas territory of the United Kingdom of Great Britain and Northern Ireland contested by Spain, located in the south of the Iberian Peninsula.
The location itself is extremely important — part of the territory is located in Europe, and other part is close to Africa. Both Spanish and English are used here. Both currencies are also used.
It is important to note that Gibraltar is recognized as a member of the European Union with a special status. That is why many entrepreneurs seek to register their companies in this unusual jurisdiction.
KEY ADVANTAGES OF JURISDICTION
- low cost of registering a company and its maintenance
- English is recognized as the main language of document flow
- most services do not require a license
- trade outside Gibraltar is unlimited
WHICH COMPANY’S FORM IS THE MOST POPULAR?
The most popular form of doing business in Gibraltar is the NRC — non-resident company.
REPORTING
- reports are submitted annually
- depending on the size of the company there are requirements for the type of reporting
- it is necessary to conduct an audit in accordance with the type of company
RESTRICTIONS OF THE COMPANY’S ACTIVITIES
- it is impossible to provide services to the population of the jurisdiction
- you cannot own real estate in the territory of the jurisdiction
- you cannot provide a registered address to other companies
PECULIARITIES OF NRC ECONOMIC ACTIVITIES
- an offshore company has the right to conduct trade relations in any jurisdiction
- most of the fields of activity are not subject to licensing, licenses for banking, insurance and similar activities are required
- there are some requirements for the name of the company
- the existence of an office in the jurisdiction is required
- the shared capital is not defined
- information is confidential
- documents can be stored anywhere in the world
HOW LONG THE REGISTRATION OF AN OFFSHORE COMPANY TAKES
Usually the process itself takes 2 weeks. If necessary, the terms may be reduced.
If you want to conduct your professional activity abroad, please, contact our lawyers. We will help you with the choice of jurisdiction, explain all the subtleties of the process, and also provide full legal support.
