• Gibraltar Non-Resident Company
• Private Company Limited by Shares
• Company Limited by Guarantee
• The Gibraltar Tax Exempt Company
• The Gibraltar 1992 Company
• Public Company Limited by Shares
• Branch of Overseas Company
• The Qualifying Company
• Protected Cell Company
• Insurance companies
• General Partnership
• Limited Partnership
• Investment Funds
• Foundations
|
|
GIBRALTAR 1992 (HOLDING) COMPANIES
-
The Gibraltar 1992 Company was introduced to implement the requirements of the EC Parent/Subsidiary Directive. The main objectives of the Directive are to ensure that profits earned within the EC are taxed only once and eliminate fiscal barriers to cross border investment.
-
The Directive requires Member States to:
- eliminate withholding taxes on profits distributed by subsidiaries within the EC to parent companies in different member states; and
- exempt from further taxation in the hands of the holding company, dividends received from subsidiaries in other member
states.
-
In accordance with this Directive, dividends received by a Gibraltar 1992 Company are exempt from further tax in Gibraltar. Other income received by the Gibraltar company will be taxed at the normal corporate rate of 35%.
-
The 1992 Company is a normal private company limited by shares which conforms with the following conditions:
- the company's main objective must be to invest in holdings and to hold participation in other companies n other companies incorporated in or outside Gibraltar amounting in each case to a minimum of 5% of the voting share capital;
- In any year of assessment at least 51% of the annual income of the Gibraltar 1992 (Holding) Company should be derived from such investments;
- company should Have business premises in Gibraltar of at least 400 sq.ft and employ at least two employees in Gibraltar;
- gibraltatians or residents of the Gibraltar cannot have any beneficial interest in the shares of the company;
- company should have and maintain an equity/debt ratio to the satisfaction of the Finance Centre Director.
next 
|