• 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 TAX EXEMPT COMPANIES
-
Gibraltar was the first jurisdiction that originated the exempt company form. This type of companies has been widely copied by other jurisdictions. The low set up cost makes them ideal for property and investment holding, international trading and sales agencies, particularly if trade is being carried on between two high tax jurisdictions.
-
The exempt company is the main offshore vehicle in Gibraltar. An exempt company may be either incorporated in Gibraltar under the Gibraltar Companies Ordinance, or incorporated outside Gibraltar but registered as an overseas company under Part IX of the Companies Ordinance. If a company obtains exempt status, the company will be exempt from corporate tax and stamp duty (save in certain specific instances) in Gibraltar under the Companies (Taxation and Concessions Ordinance) 1984 (as amended).
What is a Gibraltar Tax Exempt Company
-
Gibraltar Tax-Exempt Companies can carry on business anywhere in the world and they will pay no tax whatsoever in Gibraltar on their profits. Gibraltar Companies are, therefore, an ideal vehicle for all types of businesses including those engaged in: manufacturing, import and export, agency and commission work and the provision of services. A major advantage is that invoices for goods or services provided by the Company can be made in Gibraltar, on which no tax is payable.
-
All invoices are also paid free of VAT which can give businesses an edge over their competitors. Re-invoicing is also a popular way of avoiding tax particularly where a company carries out trade between two high tax jurisdictions. This typically involves the purchase of goods through a Gibraltar company and resale to another company in the jurisdiction the goods are eventually sold. The main profit can be made by the Gibraltar company, on which no tax is payable in Gibraltar, thus minimising the ultimate profit of the eventual selling company and, therefore, its tax liability in that jurisdiction.
-
Shares in an exempt company may be transmitted free of estate and stamp duty on the death of the shareholder. An exempt company pays a flat rate annual fee regardless of profits. A company incorporated in Gibraltar, which is ordinarily resident, pays a flat rate fee of £225 per annum; whilst a non-resident company incorporates outside Gibraltar pays a flat rate fee of £200. Fees payable to non-resident directors and dividends paid to its shareholders are not subject to a withholding tax.
next 
|