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Welcome to Gibraltar
Gibraltar's unique position at the crossroads of Europe and Africa
coupled with its special terms of membership of the European Union
enables the provision of a wide range of services to meet the
requirements of international investors.
Gibraltar has developed a telecommunications, financial and
commercial infrastructure to meet the needs of new enterprises that
are seeking a cost effective operation based in Europe.
As a business location, it provides a high quality professional
service overseen by a European standard of regulation. The numerous
trading entities and financial services companies, which already
have a base in Gibraltar, are testament to this.
Gibraltar was captured by the British in 1704 and ceded to the
British Crown under the Treaty of Utrecht (1713). Between 1830
and 1981 it had the status of Crown Colony. Gibraltar is currently a
self-governing British Overseas Territory. Its role as a British military forward
base has been significant since the Battle of Trafalgar, which established
Britain as a world power, in the second world war and the Falklands
conflict. Hoewever since closure of HM Dockyard in the eighties, the
military aspect has declined and Gibraltar has developed a robust
economy based on International finance, shipping, tourism, and the more
recently the Internet.
Gibraltar joined the EU in 1971 under the British Treaty of
accession as a European territory for whose external relations
Britain is responsible, Article 28 of the 1971 UK Accession Treaty
exempted Gibraltar from the common customs tariff, the common
agricultural policy and the harmonisation of turnover taxes - in
particular Value Added Tax.
The legal system is based on the common law and statute law of
England and Wales, However Gibraltar is a seperate jurisdiction
from the UK with laws enacted by the Gibraltar Parliament and it
has a new, modern court facility.
Standard rate of corporate tax
The standard rate of corporate tax is 10% on income accrued and
derived in Gibraltar. Income which has been accrued in and derived
from outside of Gibraltar is not taxable.
Except in the case where the income forms part of the trading
receipts (e.g. banks and money lenders) then forms of income such as
interest, dividends and royalties are received tax free in
Capital gains tax
Capital gains are exempt from tax in Gibraltar.
Dividends, interest and royalties are
payable free from withholding tax in
OECD white listed jurisdiction
Gibraltar is a white listed jurisdiction for OECD tax transparency
purposes having entered into more than the minimum number of Tax
Information Exchange Agreements.
Gibraltar does not have exchange control. There is complete freedom
of movement in respect of all capital and current account
transactions, not only with member states of the EU, but with all