• 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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GIBRALTAR QUALIFYING COMPANIES
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The conditions for Qualifying Company incorporation in general are the same as those for an exempt company. Qualifying company certificate is valid for 25 years from the date of issue. It pays tax on its profits at beneficial rates ranging from 1% to 35% (compared to the obligatory 35% rate for standard companies). Qualifying companies need to submit accounts to the Gibraltar Commissioner of Income Tax, and normal income tax legislation applicable to resident companies is applied to calculate the assessable profits of the company. Most Qualifying Companies now pay between 5% and 10% tax, that is the usual amount required to escape rules of home country against tax avoidance.
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Qualifying Company form rather fits for offshore company with a significant operating presence in Gibraltar in terms of staff and office than an Exempt Company. This form is particularly aimed at helping finance sector companies.
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Minimum paid-up capital of a qualifying company makes G£1,000; other G£1,000 should be deposited with the Accountant-General against future tax liabilities.
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A qualifying company can be resident, managed and controlled in or from Gibraltar without affecting its qualifying status. There are no restrictions as to the nationality or residence of its directors.
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As with Exempt status companies, no Gibraltar resident can be beneficially interested in the shares of the company and the company cannot transact any trade or business in Gibraltar except with other Qualifying Companies, Exempt Companies, Qualifying Individuals or Non-Residents.
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There are particular tax incentives for individuals working for Qualifying Companies. For example, executives who relocate to Gibraltar for the purpose of staffing qualifying companies may obtain special tax treatment which will effectively cap their individual tax liability at £10,000 a year.
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