Doing business in the offshore - is a legitimate opportunity to get rid of the crushing tax burden and work for yourself, observing strict confidentiality. But where better to register a company? As a "homeland" for your company, many businessmen today are choosing a British overseas territory of Gibraltar, which can be called VIP-offshore.
Finance - at the forefront!
Compared with other offshore areas, Gibraltar's young enough, but its banking system is considered the most reliable in the world. And if we add to this:
- strong deposit protection scheme, when insurance fully covers deposits up to EUR 100 000;
- the absence of tax and exchange control;
- complete privacy for business owners (each company can optionally use the nominee service and hire nominee directors);
- duty-free imports;
- issue registered shares;
- lack of income tax, which was derived from business outside the Gibraltar, capital gains, inheritance;
- opportunity to become a resident with obtaining a respectable low-tax jurisdiction (this is really for the owners of commercial companies with assets of more than two million pounds)
we will get almost the perfect place for business registration, the only negative of which is the presence of data exchange system with the European Union. This means that citizens of countries outside the EU still will have to pay their taxes.
What to register?
In Gibraltar you can register:
- trusts (the most popular kind of family business) in which property and assets on behalf of the founders (beneficiaries) dispose of by attorney;
- private companies with limited liability shares;
- public companies and so-called liberated company type (Exempt Companies), which are entitled to twenty-five years not to pay any stamp duty or taxes on property. The only thing that is required of them - an annual payment of 200 GBR.
To register a company in Gibraltar from a foreign citizen does not take much: a package of documents, one director and one shareholder, as well as the personal secretary (it may be a legal or natural person; in the second case the Secretary shall be a citizen of Gibraltar). Also, during register you have to pay a fee, the amount of which is half of 1% of authorized share capital.
Company registration process will take five or seven days (but with a small surcharge it could be done in two days). In this case the charter company may sign only one founder, and shares may be only one shareholder’s hands. Making registration is possible without the presence of the actual owner. In this case, the agent is required.
We should also mention the licensing of companie: in Gibraltar you need to obtain a license for certain activities, including banking, trust and insurance. So with registration of the company it is better not to mention in the name the word "bank", "trust", etc.
Business in Gibraltar: professional assistance
Want to start a profitable business in the promising offshore? We will help you to open a business in Gibraltar. Our staff, which has an extensive business experience abroad, will tell you about all the intricacies of business registration in the offshore as well as:
- prepare the package of necessary documents;
- serve as agent in the territory of Gibraltar;
- rent office with the provision of legal address;
- find a nominee director and a secretary;
- pay legal costs.
We will help you become the owner of a promising company in Gibraltar quickly and without any hassle.
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