Our Gibraltar company formation with a bank account package covers all the needs of Gibraltar-based businesses.
Our package services are detailed here:
Gibraltar Company Formation: Our team of experts will help you register your Gibraltar company. The memorandum, articles of association, company secretary, and directors will be prepared and filed with Gibraltar Companies House. We offer registered office services to ensure your company meets local regulations.
Bank Account Services: After your company is registered, you will be able to open a bank account to conduct business. Our team will help you open an account with a Gibraltar bank or in other financial institutions across Europe. We’ll help you get the bank’s required paperwork and offer financial advice.
Nominee Services: For client privacy and confidentiality, we offer nominee services. For privacy, we can provide a nominee director or shareholder and a registered office address.
Our Gibraltar company formation with a bank account package offers a variety of services to meet the needs of Gibraltar-based businesses. We offer affordable company formation, bank account, nominee, compliance, and tax services. Contact us today to learn how we can help your Gibraltar business succeed.
Advantages of Gibraltar company:
Located on the southern coast of Spain, Gibraltar is a British Overseas Territory. Due to its advantageous tax regime, central location, and business-friendly environment, it is a popular destination for international businesses looking to establish a presence. This article will explain how to open a non-resident company bank account in Gibraltar, as well as the steps involved in forming a company there, the associated costs, and the advantages of doing so.
- Favorable Tax Regime: Gibraltar has a competitive corporate tax rate of 10%, which is significantly lower than many other EU countries. Additionally, there is no capital gains tax, inheritance tax, or VAT in Gibraltar. This makes it an attractive destination for businesses looking to minimize their tax burden.
- Strategic Location: Gibraltar is located at the crossroads of Europe and Africa, making it an ideal location for businesses looking to expand into these regions. It also has a modern transport infrastructure, including an international airport and a deepwater port.
- Business-Friendly Environment: Gibraltar is known for its business-friendly environment, with a streamlined registration process and a pro-business government. It also has a strong legal framework that protects the rights of investors and businesses.
- Reputation: Gibraltar has a reputation as a reputable financial center, which can help businesses to build trust with their customers and partners. It is regulated by the Gibraltar Financial Services Commission, ensuring that businesses operate in a stable and secure environment.
- Cost-Effective: The cost of setting up and operating a company in Gibraltar is relatively low compared to many other EU countries. This makes it an attractive destination for startups and small businesses.
- Fast Company Formation: The process of setting up a company in Gibraltar is relatively quick, with companies usually registered within 3-5 working days. This makes it an ideal destination for businesses looking to set up quickly and start operating as soon as possible.
Overall, the benefits of a Gibraltar company include a favorable tax regime, strategic location, business-friendly environment, strong reputation, cost-effectiveness, and fast company formation. These factors make it an attractive destination for businesses looking to set up and operate in Europe and beyond.
Gibraltar company formation costs:
- Gibraltar company registration costs €33.
- Memorandum and Articles of Association: Costs vary by service provider.
- Gibraltar-registered companies must have a company secretary. Company secretaries cost differently depending on the service provider.
- Gibraltar-registered companies must have a registered office. Service providers charge different rates for registered office addresses.
- Nominee Director/Shareholder: Nominee directors and shareholders cost.
- Depending on services, Gibraltar company formation costs 2300 GBP. These costs depend on your service provider and business needs. Compare prices and services from multiple providers to get the best deal. Accounting, tax compliance, and other regulatory costs should also be budgeted.
On-resident company bank account in Gibraltar
The procedure for opening a non-resident company bank account in Gibraltar, as well as the required documentation.
Opening a Non-Resident Company Bank Account in Gibraltar: Compared to opening a bank account for a resident company, opening a non-resident company bank account in Gibraltar can be more difficult. This is due to the fact that banks in Gibraltar must adhere to stringent anti-money laundering (AML) and know your customer (KYC) regulations.
Here is an overview of the procedure for opening a bank account for a non-resident company in Gibraltar:
Select a Bank: The first step in opening a non-resident company bank account in Gibraltar is to select a bank that meets the needs of your business. There are numerous banks in Gibraltar that offer non-resident company bank accounts, and it is essential to select a bank that is reputable, trustworthy, and provides the services you require.
After selecting a bank, you will be required to submit the necessary paperwork. Depending on the bank you choose, the exact documents required may vary, but in general you will need to provide the following documents:
- Certified copy of the company’s incorporation certificate.
- The company’s memorandum and articles of incorporation are certified.
- Identification documents for the company’s officers and beneficial owners.
- Address verification for the company’s officers and beneficial owners.
- Bank references for the business and its officers.
- Business plan and monetary forecasts.
- Source of funds Disclosure
- Due Diligence Method: The bank will conduct a due diligence process to ensure that your company meets its AML and KYC requirements once you have submitted the necessary documents. This may involve a background check on the company and its directors as well as an examination of the company’s business activities and financial history.
Account Approval: If your business satisfies the bank’s AML and KYC requirements, the bank will approve your account and provide you with the necessary access information. Documents Required for Opening a Bank Account for a Non-Resident Company in Gibraltar:
As previously mentioned, the exact documents required to open a non-resident company bank account in Gibraltar may vary depending on the bank you select.
The following documents are typically required:
- Certified copy of the company’s incorporation certificate.
- The company’s memorandum and articles of incorporation are certified.
- Identification documents for the company’s officers and beneficial owners (e.g., passport or national ID card)
Address verification for the company’s officers and beneficial owners (e.g., utility bill or bank statement)
- Bank references for the business and its officers
- Business plan and monetary forecasts.
- Source of funds Disclosure.
- Depending on the nature of your business activities and the source of your funds, the bank may require additional documentation or information.
In conclusion, opening a non-resident company bank account in Gibraltar necessitates submitting the required documents and undergoing a due diligence procedure to ensure that your business meets the bank’s AML and KYC requirements. The required documents consist of certified copies of the company’s certificate of incorporation and memorandum and articles of association, proof of identity and address for the company’s directors and beneficial owners, bank references, a business plan, financial projections, and a declaration of the source of funds.
What is the corporate tax in Gibraltar company?
The corporate tax rate in Gibraltar is currently 10%. This is a flat rate that applies to all companies registered in Gibraltar, regardless of their size or industry. The 10% corporate tax rate is considered to be very competitive compared to other European countries and has made Gibraltar an attractive location for businesses looking to minimize their tax burden. It’s worth noting that in addition to the corporate tax rate, businesses in Gibraltar may also be subject to other taxes such as payroll taxes, social security contributions, and stamp duty. However, these taxes are generally lower than in many other European countries, making Gibraltar an attractive destination for businesses looking to operate in Europe
Is Gibraltar a business gambling-friendly jurisdiction?
- Gibraltar is a business-friendly jurisdiction for online gambling companies.
- Gibraltar regulates online gambling specifically. Gibraltar licenses online gambling companies through the Gibraltar Gambling Commission. The Commission’s strict standards and regulations ensure fair and transparent online gambling.
- Gibraltar offers online gambling companies a 10% corporate tax rate, no capital gains tax, inheritance tax, or VAT. It attracts online gambling companies seeking tax savings.
- Gibraltar is ideal for European online gambling companies due to its modern transport infrastructure, business-friendly environment, and talented workforce.
