Gibraltar

Gibraltar is a British Overseas Territory and is part of the EU, although it is outside the EU Customs area with no obligation to harmonise V.A.T.  It is also exempt from the Common Customs Tariff and the Common Agricultural Policy, but is subject to the EU Savings Tax Directive.

Companies are incorporated in Gibraltar under the Companies' Act 1929 which is based on U.K. company law. There is no special regime for offshore companies and the company used by non-residents for international activities is the non-resident company. A non-resident company cannot be owned or managed and controlled by persons resident in Gibraltar, it cannot trade or carry on business in Gibraltar with Gibraltar residents or remit income to Gibraltar and it must have a Gibraltar resident secretary and keep its Company register there.  Providing theses conditions are met a Gibraltar non-resident company is not taxable in Gibraltar.  

Gibraltar offshore company regulations
Type of entity Non Resident
Type of law Common
Corporate taxation Nil
Double taxation treaties available No
Share Capital
Usual currency GBP 
Permitted currencies Any 
Minimum paid up GBP 2
Usual authorised GBP 2,000
Directors
Minimum number 1
Local resident required No
Records publicly available Yes
Corporate Director allowed Yes
Shareholders / Members
Minimum number 1
Records publicly available Yes
Location of Meetings Anywhere
Company Secretary
Required Yes
Local or qualified Yes 
Accounts
Required Yes
Audit required No
Filing required Yes 
Publicly available No
Other
Annual return required Yes
Change of domicile permitted Yes
Availability of shelf companies Yes
Time to incorporate a shelf co  4-6 working days
Time to incorporate a new co 5-8 working days