Henley & Partners - Gibraltar - Non-Resident Companies, corporate services, tax planning, offshore trust, offshore, tax, planning, corporate, services, companies, Bahamas, tax free, offshore, tax-privileged, offshore companies, Nassau, Henley & Partner, Henley

Gibraltar

Non-resident company

General
Type of Company	Non-resident company
Average timeframe to set up a new company	4 - 5 days
Average timeframe to activate shelf company	1 day
Migration of domicile possible?	Yes
Corporate Requirements
Standard authorised share capital	GBP 2000
Bearer shares allowed?	Yes, but must be held in a bank in Gibraltar
Minimum number of shareholders/members	One
Minimum number of directors	One
Corporate directors permitted?	Yes
Local directors required?	No
Local meeting required?	No
Company secretary required?	Yes
Taxation
Corporate tax rate	N/A
Ordinary tax base	N/A
Tax exemptions	N/A
Withholding tax on dividends - tax rate	None
Withholding tax on interest - tax rate	None
Withholding tax on licence fees and royalties	None
Double taxation treaties	None
Value Added Tax rate	N/A
Disclosure and Reporting Requirements
Disclosure of beneficial owner to Company Registrar (secrecy guaranteed by legislation)	No
Government register of directors	Yes
Government register of shareholders/members	Yes
Annual return	Yes
Submission of accounts	Yes (abridged for most companies)
Audit required?	No (except for public and large companies)

Incorporation and 1^st Year Fees and Taxes		Annual Maintenance Fees and Taxes
Type of company	Non-resident		Non-resident
Incorporation Fee¹⁾	300
Government Registration and Tax	60	Government Fee and Return Filing Fee	55
Domicile Fee²⁾	350	Domicile Fee²⁾	350
Total Incorporation 1^st Year Statutory Costs	710	Total Annual Statutory Costs, USD	405
Administration³⁾	600	Administration³⁾	600
Director Fee⁴⁾	1,000	Director Fee⁴⁾	1,000
Total 1^st Year, GBP	2,310	Total Annual Maintenance, GBP	2,005

Note: all fees are quoted in British Pounds (GBP). Currency Converter

¹⁾ This fee includes all costs involved in registering the company with the Gibraltar authorities, including original Certificate of Incorporation, two sets of Memorandum and Articles of Incorporation, Minutes of the First Meeting with appointment of Director and share transfers, initial Nominee Subscriber, Share certificate and Transfer forms.

²⁾ Includes the provision of registered address and Resident Secretary in Gibraltar, standard nominee shareholders and nominee director (US$ 50 transaction charge applies).

³⁾ All time is charged on an hourly basis and the minimum fee is credited against the actual time incurred.

⁴⁾ This fee includes the provision of three professional directors.

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