Advantage 3 - Highly Reputable Finance Centre
26 Mar 2015
Highly Reputable Finance Centre
Gibraltar has undergone a 14-year transition from tax haven to mainstream European financial services centre. A string of tax information exchange agreements that will help other countries track down tax evaders as well as the abolition of the tax-exempt company regime has ensured that Gibraltar is now seen as a an onshore finance centre. The introduction of a 10% corporate tax rate sets Gibraltar apart from other British overseas territories which charge a zero rate of corporate tax. A UK Treasury report last year on offshore centres said this gave Gibraltar a fiscal policy closest to the growing international consensus on tax norms. With the highest standards of international compliance being met and with the introduction of established anti-money laundering legislation and practices including satisfying IMF and OECD requirements the jurisdiction is one that should scare off unscrupulous abusers of finance centres and instead attract the top-end of any market in high net worth activity.
For full information on how Gibro can assist you, contact:
Nicholas Wright, Private Client Director