Guide to Tax in Gibraltar
13 Sep 2023
Situated at the southernmost tip of the Iberian Peninsula, Gibraltar, a UK Overseas Territory, is increasingly recognised as an attractive location for individual or corporate residency. Its reputable tax environment offers a myriad of considerations for both individuals and corporations.
Being aligned with UK-based laws and regulatory systems, Gibraltar is an established jurisdiction. Beyond its tax framework, Gibraltar is also an attractive location, enriched by its international airport, advanced telecommunications, and skilled workforce. This combination provides a balanced setting for businesses and individuals.
Gibro Group: Experts in Gibraltar Tax
Through its independent associated businesses, the Gibro Group offers a comprehensive array of services to help you navigate Gibraltar's fiscal considerations. From establishing corporate entities to facilitating trust setups, our range is both broad and tailored.
Our profound understanding of Gibraltar’s fiscal landscape ensures our clients — be they individuals or entities — are well-positioned to consider the nuances of the Gibraltar system. With the backing of HLB, a global network of independent advisory and accounting firms, we ensure that our clientele receives bespoke and efficient insights aligned to their requirements.
A Look at Gibraltar’s Corporate Framework
For businesses keen on exploring international landscapes, Gibraltar offers distinct characteristics. A flat corporate tax rate of 12.5% stands out, but it's the wider environment — the absence of VAT, inheritance, and capital gains taxes — that provides a broader picture of Gibraltar's business-friendly environment.
Personal Tax in Gibraltar
For individuals, Gibraltar offers more than just its warm climate and the melding of British and Mediterranean influences. By establishing residency in Gibraltar, individuals can explore a unique fiscal framework, including Category 2 (or Cat 2) status, tailored specifically for High Net Worth Individuals with a certain threshold of verifiable net assets.
Gibraltar's distinctive fiscal framework, strategic geographical position, and state-of-the-art infrastructure make it an intriguing jurisdiction for businesses and individuals alike. To better understand the Gibraltar landscape and how it may align with your considerations, reach out to our team of experts.
Discover Gibraltar with us.