• 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
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SETTING UP A GIBRALTAR CAPTIVE
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Applicable legislation - The Insurance Companies Ordinance 1987, as amended, and supporting regulations, in accordance with relevant EU directives.
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Government Incorporation and filing fees - Incorporation fee: £50; annual filing fee: £30; filing of accounts: £10; filing of particulars of directors or secretaries: £5.
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Government Licence application fee - £1,000 (captives, protected cell companies and reinsurance only); £3,000 (general business); £4,000 (life business); additional £750 for each cell within a PCC.
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Government Annual licence fee - £2,500 (captives); £10,000 (direct general writers); £3,000 (general business restricted to reinsurance only); £12,000 (life companies); £2,500 + £750 per cell (PCCs).
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Investment restrictions - As per the Insurance Companies (Valuation of Assets and Liabilities) Regulations 1996.
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Minimum Guarantee Fund (MGF) - 3m for life insurers and companies writing liability business; 2m for all other insurers.
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Capitalisation Requirements - Depends on the level of business to be written subject to being no less than the MGF or the calculated minimum solvency margin (whichever is the higher).
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