The most common Gibraltar entity type is Limited company (Ltd). Other possible entity types in Gibraltar are:
In accordance with the Companies Act 1930, companies are required to be incorporated in Gibraltar as:
The services of a professional expert should again be sought when incorporating a limited company, although this is not a strict requirement. Generally, setting up this structure may cost well over £1.000 – £3.000, though this is habitually considered to be money well spent since the professional appointed will produce and implement all the intricate incorporation documentation as well as offer to undertake other services.
A limited company may own assets, enter into contracts, borrow and lend money, as well as sue and be sued in its own name. The legal personality of the limited company is separated from its individual shareholders (owners). However, it is common practice for banks and landlords to seek personal guarantees from the directors, by making them personally liable for obligations should the business fail.
The liabilities of a company are distinct from those of its shareholders. The company is liable for its debts to the full extent of its assets, though this liability does not extend to the personal assets of its shareholders. A company also has perpetual existence, thus the ownership can pass at any time through the transfer of the shares; this being an ideal vehicle for expansion.
There are some points that need to be noted on the subject of company incorporation:
There are numerous regulations governing the administration of a company, with the duties, responsibilities and liabilities of directors being set out in the Companies Act 1930.
To view the Companies Act visit: www.gibraltarlaws.gov.gi
The first step when forming a Gibraltar Company is to ensure that the proposed name is acceptable to the Company Registrar. Once the name is approved, the following documents need to be submitted in accordance with the provisions of the Companies Act:
A registration fee of £50 is currently payable at the time of presentation of the documents. The Memorandum and Articles of Association must be embossed with the appropriate Stamp Duty.
Fill a Novasigma company order form and send all required details and certified documents about business activity, shareholders, directors and at least three (3) name suggestions. Remote registration availble in case of all documents have been apostilled.
Novasigma will prepare Memorandum of Association, Articles of Association, Declaration of Compliance, Notice of Situation of Registered Office and Statement of Nominal Share Capital
The time taken to incorporate a Company in Gibraltar is normally three working days, though a company may be incorporated within 24 hours if necessary for a fee of £100. Once incorporated, a Certificate of Incorporation is issued. Under Gibraltar legislation, only barristers or acting solicitors of the Supreme Court may incorporate Companies for gain.
After the registration company can start business operations and open a bank account. If your business activites will be located outside of Gibraltar we strongly suggest to consult us for a list of available banking and payment solution. We also suggest you to hire an accountant.
|Entity types and suffix:||Limited company|
|Shareholders/Founders:||at least 1 person or legal entity, foreign entities accepted|
|– Documents||Copy of I.D. document of a founding partner(s)|
|Directors:||at least 1 natural person or at least 1 company, non-resident directors accepted|
|– Documents||Copy of I.D. document of a person to be registered as a director or company documentation|
|Share Capital:||Minimum £1 (GBP)|
|Residency:||A company will be considered resident in Gibraltar if the management and control of its business is exercised from Gibraltar or from outside Gibraltar by persons who are ordinarily tax resident in Gibraltar.|
|Corporate tax:||10% (offshore companies 0%)|
|VAT:||VAT rate of 0%|
|Annual financial report:||Yes|
|Registration address:||Yes (in Gibraltar)|
|A Company bank account:||Bank account is not required before company registration|
|Free zone registration:||–|
Novasigma Express Company Formation service offers a possibility to set up company fast in Gibraltar using only 1 founder and/or director (natural person). You can send company details and founder/director details by filling an order form below. Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 240 including company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.
If you are interested to set up a private limited or public company (PLC) with more than 1 founder/director or at least one of founders/shareholders will be a local or a foreign legal entity, your company will require a business licence or you are interested in administration/nominee services, please find details for 3.0 Advanced Company Formation below.
2.1 THE EXPRESS SERVICE INCLUDES:
2.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST
With Novasigma Advanced Company Formation you can set up company with multiple founders and directors including foreign legal entities. Advanced company formation service includes always possibility to FREE business and tax consultation before incorporation. With Advanced Company Formation we can search/introduce available nominee shareholders and/directors for your company to protect privacy in jurisdictions where such a service is legal. You can send your company details by filling an order form below or just send us a message so we will call you back.
Once we have reviewed your request Novasigma Account Manager will call you within a same business day for additional details and prepare an retainer of EUR 490 including business and tax consultation, company name availability check and document review. Remaining balance will be paid before processing the company registration. We accept payments with bank transfer, Bitcoins or in cash.
3.1 THE ADVANCED SERVICE INCLUDES:
3.2 ADDITIONAL SERVICES AVAILABLE UPON REQUEST
Payments after the review of request – Bank Transfer, Bitcoin, Cash (EUR, USD, GPB, HKD, BTC)
In cases KYC or/and Due Diligence process required Novasigma might require a personal meeting with all its new clients before proceeding any assignment
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