Company Registration in Gibraltar: All You Should Know

Posted by John Wilson on October 10th, 2019

Various laws made by individual jurisdictions govern company formation. Whether it is in Switzerland or Gibraltar, there must be rules and other set regulations for the industry. If you are thinking of incorporating one, here is a quick guide of the things you should know about company registration in Gibraltar.

You may have been searching for the best places to set up a business in, and Gibraltar is the answer. With the guidelines below, you can now have it easy to venture in the area and pitch your tents for serious business. The tips will also help if you are thinking of company registration in Switzerland, among other areas.

Common Company Types in Gibraltar

Any investor who would want to incorporate a company in Gibraltar can choose any of the following types of entities:

• Public limited liability company.
• Private limited liability company.
• Non-profit organizations
• General partnership
• Limited partnership
• Protected Cell Company.
• Trusts
• Sole proprietorship

Requirements of Company Registration in Gibraltar

The following are some of the key conditions one must meet for them to register a company in Gibraltar. As it is with Estonia company formation, one must:

• PrepareMemorandum of Association and Articles of Association and filling them with the Trade Register.
• Deposit their share capital.
• Open a bank account.
• Getspecial permits or licenses for specific types of activities as may be provided for by the by-laws.

Facts About the Process

While thinking of it or waiting for the registration process to go through, you should be aware of the following facts:

• Your company may take up to one week for it to get fully registered and start its operations.
• The company should have a registered office in Gibraltar. The first phase of starting operations may depend on a virtual office.
• Limited liability companies are the most common business forms for local enterprisers.
• Companies in Gibraltar are exempted from value added tax and, therefore, do not need to register for VAT.
• The companies also benefit from not paying tax on capital gains.
• Any company registered in Gibraltar should be ready to pay taxes for any income generated in Gibraltar.
• The Gibraltar Company Law has its basis on the English Commercial code. This makes the small territory highly preferable for company operations.

With the tips above, there is nothing stopping you from going ahead with your company registration in Gibraltarplans. Talk to an expert about it and get the process underway.