CyAuSe - Cyprus Audit Services Ltd > Incorporation > Create an International Company > Gibraltar
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Gibraltar is one of the oldest tax jurisdictions which offers speed and a very flexible tax structure for its International Business Companies which have the below advantages and disadvantages.

Adv antages

  • Zero Tax
  • Incorporation takes few hours
  • Nominee services allowed
  • Cheap to incorporate
  • English is the official language
  • Common Law (case by case)
  • No exchange control*

Disadvantages

  • Management accounts must be prepared
  • Accounts and annual return must be filed
  • Audited Accounts must be filed if threshold of turnover of more than GIB 1000,000 is exceeded
  • Public record of director, shareholders or annual returns
  • Participating jurisdiction in the exchange of information with numerous countries 
  • Registered agent must be used

Additional Characteristics

  • Share capital; minimum GBP 1, common GBP 2,000 of GBP 1 each
  • Share capital classes; registered shares, registered of no par value, bearer shares, preference shares, redeemable shares, shares with or without voting rights
  • IFRS or Gibraltar GAAP (similar to the UK GAAP)
  • Minimum one director and one shareholder (physical or legal persons) and a local registered office is required
  • Local company secretary must be appointed
  • Local Auditor must sign off the financial statements
  • Restriction of trading in banking, insurance, trust services and management, assurance, fund management, collective incentive schemes
  • Registered office in Gibraltar
  • Gibraltar Companies Act

Set Up Package

  • Memorandum & Articles of Associate
  • Declaration of Compliance
  • Notice of Situation of registered office
  • Statement of Nominal Share Capital
  • Share certificates
  • Certificates of shareholders, directors, company secretary, registered office
  • Government license fee

The Country (Wikipedia)