Gibraltar Company Formation from 2800€

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Setting up a Business in Gibraltar

– The most common Gibraltar entity type is Limited company (Ltd). Other possible entity types in Gibraltar are:

  1. Partnerships
  2. Limited Liability Partnership
  3. Protected Cell Companies
  4. Trusts
  5. Non-profit Making Organizations

In accordance with the Companies Act 1930, companies are required to be incorporated in Gibraltar as:

  • A company limited by shares
  • A company limited by guarantee with or without a share capital
  • An unlimited company with or without share capital

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:

  • All companies must comply with the provisions of the Companies Act
  • There are normally fees for the management of a company
  • Company details can be disclosed even if limited by shares
  • Accounts and other returns are necessary and are by and large an annual requirement

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:

  • Memorandum of Association
  • Articles of Association
  • Declaration of Compliance
  • Notice of Situation of Registered Office
  • Statement of Nominal Share Capital

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.

Step 1:
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.

Step 2:
Novasigma will prepare Memorandum of Association, Articles of Association, Declaration of Compliance, Notice of Situation of Registered Office and Statement of Nominal Share Capital

Step 3:
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.

1. REQUIREMENTS AND SPECIFICATIONS FOR A GIBRALTAR LIMITED COMPANY

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:

 

2. OPTION: EXPRESS COMPANY FORMATION from 2.800€ (vat 0%)

THE SERVICE INCLUDES:

  • Establishment of company by an individual entity (establishment by other company: see Advanced Company Formation)
  • Limited company (LTD) registration in Gibraltar Companies House
    • Remote company registration available
  • Notarize company documents available in Novasigma’s office or sent by a courier service after the registration has been complete
  • Registration address in Gibraltar and annual registration fee for the first year inculded

3. OPTION: ADVANCED COMPANY FORMATION WITH LEGAL SUPPORT from 4.690€ (vat 0%)

THE SERVICE INCLUDES:

  • Meeting at Novasigma office before incorporation
  • Assistance in KYC and DD and preparing a proper business plan and structure
  • Establishment of company by an individual entity(s), foreign business entity(s), fund, trust or protected cell company
  • Nominee director(s, Nominee shareholder(s) or technical directors and UBOs available
  • Limited company (LTD) registration in Gibraltar Companies House
    • Remote company registration available
  • Notarize company documents available in Novasigma’s office or sent by a courier service after registration
  • Registration address in Gibraltar and annual registration fee for the first year inculded
  • Tax advisory and legal support by Novasigma and the Gibraltar based Legal 500 partner company
    • Tax advisory for company founders
    • Preparing required agreements / custom made M&MA
    • Assistance in applying required business licenses (for example online gaming, cryptocurrency or financial servie provider company)

4. ADDITIONAL SERVICES IN GIBRALTAR

ADDITIONAL SERVICES AVAILABLE UPON REQUEST

  • Business, tax advisory and legal support before or after company formation + 250€/h
  • Assistance in opening corporate bank account of new company from 1.450€/one-off-fee (ask list of available banks after providing a company business plan and structure)
  • Accounting and bookkeeping service for the company
    • Annual reports and tax declarations from 600€/year
    • Bookkeeping and Accounting services + 59€/hour
    • Accounting software license for one user 120€/year (+ 70€/year/extra user)
  • Annual company registration fee and registration address after the first year +1.200€/y
  • Nominee directors and shareholders / technical UBO availability depends on proposed company business activities

5. HOW TO PROCEED?

  1. Fill and send the order form below or schedule a meeting with Novasigma
  2. Novasigma will contact you and send you an invoice for a prepayment.
  3. Novasigma will send you a questionnaire about proposed business, shareholders and directors
  4. Send all required documents about shareholders and directors
  5. The company will be registered normally within 3-5 business days
  6. Novasigma will send all company documents by DHL

6. SEND A BRIEF / ORDER A GIBRALTAR COMPANY FORMATION SERVICE

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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Novasigma provides international accounting services, company formation services, legal, business and tax advisory services | Terms of Use & Terms of Business | © 2016 NOVASIGMA Global - Accounting & Law Cooperative ("NOVASIGMA LIMITED"). Member firms of the NOVASIGMA Global - Accounting & Law network of independent firms are affiliated with NOVASIGMA Global - Accounting & Law. NOVASIGMA Global - Accounting & Law provides no client services. No member firm has any authority to obligate or bind NOVASIGMA Global - Accounting & Law or any other member firm vis-à-vis third parties, nor does NOVASIGMA Global - Accounting & Law have any such authority to obligate or bind any member firm. Independent registered advisers, lawyers and accountants are not owned by, affiliated with or supervised by Novasigma or its affiliates. Novasigma provides custody, trading and operational support services for advisers, lawyers and accountants. Not all products and services available through Novasigma and its affiliates are available through advisers, lawyers or accountants. Registration does not imply a certain level of skill or training. Depending on jurisdiction there might be eligibility requirements to work with a dedicated Financial Consultant, Lawyer or Accountant. Wealth management, accounting, audit and legal services refers to products and services available through the operating subsidiaries of the Novasigma Corporation of which there are important differences including, nut not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which product and/or services to select. Novasigma provides a full range of business, financial, banking and tax advisory, accounting and legal services through its operating subsidiaries.

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