Gibraltar Company Formation and Administration Services

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WHY SET UP A COMPANY IN GIBRALTAR

  • Gibraltar does not tax companies on their profit-making activities located outside of Gibraltar. For business activities carried out within Gibraltar, the corporate tax rate is only 10%
  • Excellent choose for holding activities together with a tax free residency
  • It is relatively easy to open international corporate bank accounts for companies registered in Gibraltar
  • Only 1 director and 1 shareholder required. The company can be registered with a minimum paid up capital of EUR 100 within one week
  • Gibraltar is the only EU finance hub exempt from VAT. Still a member of EU, Gibraltar has direct access to EU financial services markets through laws such as MiFID and AIFMD
  • Gibraltar common law system based on the English model makes the legal regime very accessible for international lawyers and businessmen
  • All companies are legally required to submit annual financial statements to the Gibraltar Income Tax Office but companies with annual sales below £500,000 are however exempted from audit requirements

DLT provider company formation and licenses in Gibraltar by Novasigma

THE INCORPORATION PROCESS IN GIBRALTAR

The most common legally tax exempt Gibraltar entity types are LTD and LLC. 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 £100 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 available 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 an extra 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 activities will be located outside of Gibraltar we strongly suggest to consult us for a list of available banking and payment solution.

REQUIREMENTS AND SPECIFICATIONS IN GIBRALTAR

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)
Annual renewal required: Yes
A Company bank account: Bank account is not required before company registration
Free zone registration:
Other: In 2018, Gibraltar will be one of the few jurisdictions that will introduce a fully regulated and comprehensive framework for businesses engaged in blockchain and cryptocurrency activities. DLT provider’s government annual license fees £10,000-£30,000

 

INCORPORATION EXPENSES AND AVAILABLE SERVICES

COMPANY REGISTRATION EXPENSES: from EUR 115 (Companies House fees)
Pricing: Expenses may vary depending on entity type, document requirements and type of founders

  • Establishment of company
  • Standard M&MA and Minutes of Meeting
  • Company documents
  • Apostille
  • Courier services

ASSISTANCE & CONSULTING BEFORE AND DURING THE INCORPORATION: from EUR 1150
Pricing: EUR 99 – 185 /hour depending on tasks (min assignment with Gibraltar company registration is 5 hours + Local registered address and agent fees from EUR 650)

    • Business and tax consultation before incorporation
    • Assistance in registration process
  • Document legalization and recommendation letters
  • Business plan and Due Diligence
  • Bank accounts and payments solution

ADMINISTRATION, LEGAL & ACCOUNTING SERVICES: Optional
Pricing: ask quotation from selected services

  • Company address, Virtual office services
  • Custom M&MA
  • Agreements between founders, partners, directors, contractors and employees
  • Special business licenses
  • Nominee directors and Shareholders, technical UBOs
  • VAT and Tax prepayment
  • Bookkeeping
  • Accounting & Payroll
  • Financial controller
  • Funding
  • IP

MIN. TOTAL COSTS:

REGISTRATION FEES: EUR 115
ASSISTANCE & CONSULTING: EUR 1,150
ADMINISTRATION, LEGAL & ACCOUNTING: Optional
GIBRALTAR COMPANY FORMATION FROM: EUR 1,265

SEND YOUR DETAILS AND BRIEF FOR QUOTATION!

IS GIBRALTAR FOR YOU? Please send your contact details to schedule a phone meeting or send a brief information package so we can get back to you with tips and quotation. We normally reply to queries within 3 hours!

 

Why to own a Gibraltar company if you can rent it?

Start business with Novasigma Rental company
RENT A FULLY ADMINISTRATED COMPANY IN GIBRALTAR FOR TRADING, HOLDING & PAYROLL – BANKING, NOMINEE SHAREHOLDERS, DIRECTORS, ACCOUNTING & FINANCE – Click here to read more at https://kickstart.novasigma.com

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ABOUT GIBRALTAR

BACK - SET UP A COMPANY

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.

All rights reserved. NOVASIGMA is a trademark of SilverFox & Co. Inc. Online services by NOVASIGMA LIMITED - Suites 41/42, Victoria House 26 Main Street, Gibraltar GX11 1AA.

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