Procedures For Establishing A Company

You must have heard that many people start their business in Gibraltar. In order for you to start your own business, what you need and what the benefits are, you can look at aprire societa gibilterra.

What is important for you to know is that the official language is English. Although Gibraltar is located close to Spain, it belongs to the United Kingdom so all company laws are based on the UK Companies Act. However, the tax regime is set out in the Gibraltar Companies Ordinance and it brings many tax benefits, which are very tempting for all company owners.

The establishment of any company requires certain paperwork, which you can find out all the details about on our website. What you need to know is that non-resident companies cannot engage in banking, insurance, fund management or any other business related to the financial sector.

Once you have collected all the necessary paperwork, the company opening time is 5 to 18 working days. You must also inquire about the company name as there are certain names you must not use such as names that resemble royal or government sponsorship or names that are associated with some financial activity. Certain names require specific licenses or consent for use.

What is most important is that non-resident companies do not fall under the tax system, which means that there is no capital gains tax, no wealth tax, no value added tax or gift tax. This allows company owners to generate higher revenues.

In order to take advantage of the favorable tax regime, see at aprire societa gibilterra what you need to establish a company in Gibraltar.

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