• 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 TAX EXEMPT COMPANIES
Advantages of Gibraltar Tax-Exempt Companies.
- Holding funds, stocks and shares and other investments in company accounts in Gibraltar since the capital invested and the interest earned will not be subject to tax. Owning a yacht or ship in the name of a company so that any profits earned from trading or chartering are not subject to tax (there may also be relief from VAT. Buying property outside Gibraltar in the name of a company, developing it and reselling by selling the shares of the company, rather than the property itself, thus avoiding capital gains tax and other charges in the jurisdiction where the property is situated. Operating a business with a Gibraltar Company to avoid tax by invoicing so that payments received in Gibraltar are tax-free and re-invoicing to minimise tax liabilities in other jurisdictions. For the holding of family assets using trust structures.
- No Taxes Payable in Gibraltar. Gibraltar Tax-Exempt Companies do not pay any of the following taxes: Income Tax, Corporate Taxation on profits, VAT, Capital Gains Tax, Gift Tax, Wealth Tax, Inheritance Tax, Withholding Tax, Tax on dividends or any other Gibraltar taxes (except the annual tax of between £200 to £300).
Main Uses of Gibraltar Tax-Exempt Companies
- Tax-free investment companies. A Gibraltar Tax-Exempt Company is an ideal vehicle for holding a bank account, dealing in stocks and shares, holding portfolios of investments and for purchasing other financial products. These purposes are the most popular reasons for using Gibraltar's offshore facilities. High interest accounts and portfolio management services are available at the various major international Banks and Financial Institutions with a presence in Gibraltar. There are relatively simple procedures in place which facilitate the swift opening of bank and investment accounts. The greatest attraction of such accounts is that all interest earned as well as any capital gains or other profits made whatsoever are paid entirely free of tax.
- Yacht & ship owning companies. Gibraltar Tax Exempt Company are also widely used for registering a ship or a yacht. Apart from the obvious advantage of confidentiality as to ownership there are many other benefits. Vessels owned by Gibraltar Companies can be registered at the local British Registry under the British flag. In some cases there may also be relief from VAT. Any profits obtained from chartering a vessel or from any trade or business carried out will be completely free from tax, including VAT, in Gibraltar and such funds can be paid into a Gibraltar bank account held by the Company. Charters may also be free from VAT. Gibraltar Tax-Exempt Companies can be used to register fleets of ships so that each ship is owned by a different company. In this way the other ships in the fleet will be protected against any debts owed by any of its sister ships.
- Property owning companies. Buying property outside Gibraltar in the name of Tax Exempt Company offers many advantages. The first and most obvious one is confidentiality as to ownership. However, it also allows for property to be sold without incurring any local taxes. When the property is sold it is effected by the purchaser buying the property owning company. This is done by simply transferring the beneficial interest in the shares to the new owner and it is not necessary to register the transaction anywhere or to inform the authorities. The new owner acquires the company and the property remains registered in the Company name and no Transfer, Capital Gains or any other tax is incurred. Another major advantage is that this transaction can normally be effected very speedily and the usual delays in property transactions are avoided.
- Family asset companies. Family savings and assets can be held by a Gibraltar Tax Exempt Company. There are several advantages to this which include confidentiality as to ownership and the ability to make investments without incurring any tax on the interest earned or other profits made. The company structures used by our firm will enable money and assets to be divided between family members by dividing the beneficial interest in the shares of the company as directed. The system we use allows total flexibility and the percentage shares in the company of members can be changed with the minimum of fuss.
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