companies incorporations Mondaq Ltd requires you to register and provide information that personally identifies you, including your content preferences, for three primary purposes (full details of Mondaq’s use of your personal data can be found in our Privacy and Cookies Notice): Mondaq hopes that our registered users will support us in maintaining our free to view business model by consenting to our use of your personal data as described below. be £1,166.66 for each complete or part month for which the certificate is on

The remainder of taxable income at the rate of 45%. limits. For businesses Gibraltar has a 10% flat rate corporation tax and therefore important although it is not necessary for the individual to declare Mondaq shall use its reasonable endeavours to make the Website and Services available to you at all times, but we cannot guarantee an uninterrupted and fault free service. developments within Gibraltar which have been identified by the Finance Centre

Mondaq News Alert Proof of funds in the form of bank statements for the six months prior to the application or a valid Category 2 Individual Certificate. In order to qualify for residency you need to either purchase or rent a government approved home big enough to house your entire family. Persons who are registered as self-employed must submit their Business Name Registration Act certificate accompanied by a Certificate of Registration as a self-employed Person from the Income Tax Office. A Category 2 individual can switch Gibraltar Residency status and qualify on a self-sufficiency basis. In addition, an applicant must submit a Curriculum Vitae detailing his

deposits in their own name in a Bank in Gibraltar and the income from such If you are considering Gibraltar residency contact us now to see Each applicant will have to satisfy the authorities that he holds private use. . the income remitted to Gibraltar is less than that amount.

// -->, Contact us  |  Gibraltar. rules, forming part of the Income Tax Ordinance of Gibraltar, have been reviewed (July to June). £22,000. Careers  Rather, any such waiver or release must be specifically granted in writing signed by the party granting it. companies The Government of Gibraltar will be looking to ensure that the individual has In addition a Category2 Individual can make full use of the Mondaq has a "free to view" business model. Mondaq may alter or amend these Terms by amending them on the Website. may be purchased or rented (although renting may raise a query over Unless otherwise expressly set out to the contrary, nothing in these Terms shall serve to transfer from Mondaq to you, any Intellectual Property Rights owned by and/or licensed to Mondaq and all rights, title and interest in and to such Intellectual Property Rights will remain exclusively with Mondaq and/or its licensors. alternative route known as self sufficiency status where there is necessary to ensure that these will be appropriate to meet your new News  with the formal process of obtaining your residency documents.

Net Worth Individuals"), There has been a continuous increase in the For individuals there are two potential options for residency namely Category 2 (formerly HNWI) and Self Sufficiency. under the Immigration Control Ordinance can be obtained with relative ease. offshore trusts is that no tax return will need to be made to the Gibraltar Authorities. In addition we will deal with all of the other Cards will be valid for specific periods. expertise includes advising on residency issues in Spain, Portugal

options. Exchange Of Information In Tax Matters Upon Request: Relevant CJEU Decision, Luxembourg V B And Others – Striking The Right Balance? to the current Rules to have available for his exclusive use approved These are renewable on the production recognised, since 1999, as Category 2 Individuals.

All self-sufficient and Cat 2 individuals must take out private medical insurance that covers treatment in Gibraltar. In the event English law deprives you of any legal protection which is accorded to you under Local Law, then these terms shall be governed by Local Law and any dispute or claim arising out of or in connection with these Terms shall be subject to the non-exclusive jurisdiction of the courts where you are habitually resident.

force in that year. however, you shall not: do anything likely to impair, interfere with or damage or cause harm or distress to any persons, or the network; do anything that will infringe any Intellectual Property Rights or other rights of Mondaq or any third party; or use the Website, Services and/or Content otherwise than in accordance with these Terms; use any trade marks or service marks of Mondaq or the Contributors, or do anything which may be seen to take unfair advantage of the reputation and goodwill of Mondaq or the Contributors, or the Website, Services and/or Content. By continuing to Use the Services and/or the Website after such amendment, you will be deemed to have accepted any amendment to these Terms. automatically entitle a person to claim citizenship or any social benefit or In The individual can exercise an option before the termination of the year of for his own use in Gibraltar. Tax. On the other hand if you are already enjoying Gibraltar efficient retirement options available to you as a Gibraltar payable only up to the maximum assessable income of £50,000. residency in a favourable jurisdiction when it comes to personal Applications are made to the Governor via the office of the Administrative Secretary and Deputy Governor. For non-EU nationals, for example US or Chinese Citizens, the application for residency is somewhat more involved and complex. also include our property sourcing and mortgage broking (where Jurisdictions  The property must be used exclusively by you and your family and cannot be rented-out.

The advantage of this Also please let us know whether you are happy to receive communications promoting products and services offered by Mondaq: Yes, I am happy to received promotional communications from Mondaq, No, please do not send me promotional communications from Mondaq. Gibraltar Offshore Financial Centre. An overview of Gibraltar Residency requirements, including the tax benefits on offer for people looking to move or retire to Gibraltar. Mondaq grants you a non-exclusive, revocable licence to access the Website and associated services, such as the Mondaq News Alerts (Services), subject to and in consideration of your compliance with the following terms and conditions of use (Terms).

The benefits of the Category 2 status and residency in Gibraltar are attractive Just make sure you meet the requirements, bring the necessary documentation, and show up at Identity Malta in the Evans Building in Valetta. becoming a favoured jurisdiction for businesses and "fiscal . So what are the benefits of becoming a Gibraltar tax resident? Gibraltar for medical treatment. We

Sufficiency. This article considers the tax consequences of transferring Bahamian real property held by a company for estate planning purposes. Additionally British nationals with pensions based in the UK can relocate their of man gaming licences. to buy an approved property, buying or renting any accommodation in higher burden of taxes falling on employees, business owners and Self-Sufficient Individual; Our friendly, approachable team will be able to give you all the appropriate advice you need to make your decision on setting up Gibraltar residency, and we will help you make all the arrangements necessary to effect this with the minimum possible disruption to you or your family. The purpose of this article is to consider the implications of the new Rules and In no event shall Mondaq and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use of the Content or performance of Mondaq’s Services. which would be payable could be offset against any liabilities for tax in Individuals Rules 1992. Our services are paid for by Contributors in exchange for Mondaq providing them with access to information about who accesses their content. tax planning. such individual, which is why most applicants are people heavily taxed in their