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Corporates

Moving Your Business to Gibraltar


If you are one of the many British or European national business owners looking to either re-domicile your company or establish a new subsidiary, you might want to look at the benefits of Gibraltar. With a new, highly attractive, fiscal regime in place, Gibraltar is fast becoming a very favourable jurisdiction for businesses. In recent years, the nation has completed a long journey to reposition itself from an offshore tax haven to a mainstream onshore European finance centre.

Fiduciary Wealth provides a complete tax-led wealth management service to businesses looking to relocate to Gibraltar. As a financial advisory practice, we can take care of all your Gibraltar residency needs through a single point of contact.

Why Choose Gibraltar?


Gibraltar is fully compliant with all EU and international directives and treaties on responsible behaviour. Gibraltar offers European and international standards of regulation, an impeccable reputation, and a competitive low tax model to entice firms into the jurisdiction. In fact, the territory now taxes all firms at a standard corporation tax rate of 10%, except for utilities and companies in a dominant market position, which are subject to 20% tax.

For UK companies looking to establish a physical presence, Gibraltar offers a familiar language and legal system, as well as a stable economic, business, and political climate. A.M. Best, a respected insurance rating firm, assessed Gibraltar as a country with very low levels of economic, political, and financial system risk.

The territory is making considerable investment in capital infrastructure projects including:

  • Expanding the port's facilities to attract more cargo and cruise ships
  • A new 1 million passenger airport terminal
  • New roads and tunnels to improve traffic flow
  • New office developments including a World Trade Centre with more than 170,000 square feet of office space.

Gibraltar Corporate Tax Advantages


  • Corporate Tax @ 10%
  • No VAT
  • No Capital Gains Tax
  • No Transfer Tax
  • Tax on Royalties limited to 10%
  • No tax is chargeable on any interest income which is less than £100,000 per annum
  • No Tax on Dividends paid either to another local entity or non resident
  • Employers Social Security contributions currently capped at £32.97 per week
  • Capital Duty charged at a flat rate of £10
  • Foreign Tax Credit
  • The provisions of the EU Parent Subsidiary Directive have been transposed into local laws

New Business Incentive


A Start-up Incentive Scheme was introduced for companies or limited partnerships starting up between the 5th July 2016 and 30 June 2017. Over the first three financial years of trading the company will be eligible for a tax credit equal to the tax due up to a maximum of £50,000 over each of the first three years. This will be subject to conditions, including employing at least five employees in the first year, as well as anti-avoidance measures to ensure it only applies to genuinely new businesses in Gibraltar.


HEPSS Residency Status


HEPSS is an acronym for “High Executive Possessing Specialist Skills.” This special employment status is designed to encourage the relocation of high-earning executives with specialised skills that can promote and sustain activity of particular economic value to Gibraltar. It is also a cost saving incentive for corporate entities looking to recruit senior management positions.

Who should consider HEPSS Residency Status?


This status is suitable for high-earning executives or senior managers with unique skill sets that are not readily available. The qualifying conditions are:

  • Specialist skills not already present in Gibraltar, which are deemed by the government to be of exceptional economic value
  • An employment offer in Gibraltar for annual earnings of more than £120,000
  • Cannot have been gainfully employed nor resident in Gibraltar for any part of the previous three years
  • Must acquire approved residential accommodation in Gibraltar for exclusive personal use, which is large enough to house your direct family
  • Must remain with the same company and maintain good character and reputation

Tax Advantages for HEPPS include:


A HEPSS status individual's tax liability from qualifying employment is limited to the first £120,000, for a maximum tax payable of £29,940. Earnings from HEPSS employment in excess of this amount are not taxed, although other income is taxed as normal.

Personal Taxation on Employees


Firms looking to relocate staff for their Gibraltar operation are able to enjoy a very generous personal tax regime as part of an attractive benefits package:

  • Employees earning up to £20,000 pay an effective tax rate of less than 15%
  • Those earning up to £40,000 pay less than 20% tax
  • Employees whose earnings do not exceed £300,000 pay a maximum tax rate of 24.99%
  • No wealth, capital gains, or gift tax
  • No VAT or tax on savings interest

Why Work With Us?


Fiduciary Wealth offers complete financial planning services for businesses, including the provision of a Gibraltar occupational pension scheme and a suite of insurance products to meet employee needs, including death in service, critical illness, and private medical cover. We also provide a bespoke service for Directors and key personnel to assist with your personal financial affairs including a private pension provision.

Here are additional reasons why clients choose to work with us:

  • Trust:
    We're affiliated to Gibraltar's oldest legal practice founded in 1892.
  • Expertise:
    We're the leading providers of tax optimized residency solutions for expatriates.
  • Highly Regulated:
    We operate from a highly regulated British financial centre with an FCA authorised office in central London.
  • Guarantee:
    We will refund 50% of our fees should your residency application be unsuccessful.

Testimonials


When contemplating retirement to Gibraltar last year I was drawn to the Fiduciary Wealth Website which I found well laid out, easy to navigate and thoroughly informative. Having left my contact details I was contacted by Paul Correa within a very short time and soon set up a face to face meeting in which the benefits of such a move and path to residency were clearly explained. The process was expertly handled by Paul and his team, keeping me informed of the progress every step of the way and always available for additional consultation as necessary. The residency service was accompanied by comprehensive financial advice without any pressure. Tax planning experts were on hand for complex international tax issues and meetings arranged in short order. I have no hesitation in thoroughly recommending Paul and his team to make the residency process completely stress-free and provide a one-stop shop for comprehensive service for anyone contemplating the move to this delightful location.

Martin Hutchison
Gibraltar

Fiduciary handled the residency application with efficiency and I was very pleased with the service I received.

R J
Gibraltar

In considering my residency options I visited the Gibraltar residency website of Fiduciary Wealth www.gibraltarresidency.co.uk and subsequently contacted Andrew Hosking. The advice I received was second to none and Andrew and his team could not have been more helpful, fully explaining the process and making all the necessary arrangements to secure my residency certificate and assist with tax and ancillary matters relating to my move to Gibraltar.

Dennis Croft
Gibraltar

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