HEPSS (High Executive Possessing Specialist Skills)

HEPSS (High Executive Possessing Specialist Skills) is a special tax status offered in Gibraltar to attract highly skilled professionals in key industries. This status is designed to encourage individuals with expertise in fields such as technology, finance, insurance, and other strategic sectors to relocate to Gibraltar, supporting the territory’s economic growth and development.

To qualify for HEPSS, an individual must meet specific criteria, including a proven track record of specialist skills, expertise in their field, and a remuneration package exceeding the statutory threshold set by the Gibraltar government. Additionally, their role should contribute to Gibraltar’s economy and not displace local talent.

One of the main benefits of HEPSS is a capped tax rate on the first £160,000 of assessable income, providing significant tax savings for high-income earners. This attractive tax regime allows professionals to retain more of their earnings while enjoying Gibraltar’s favourable business environment and quality of life.

HEPSS status is particularly beneficial for multinational companies establishing operations in Gibraltar, as it helps them attract top talent while maintaining a competitive cost structure. For individuals, it offers a unique opportunity to live and work in a low-tax jurisdiction with excellent professional prospects.