The most confusing country in the world. Imagine a country, that is a little piece of land at the end of Spain, but isn’t Spanish…. that is British, but with the most amazing climate. And timezone is Spanish, but currency is pound. Already confusing?
- Gibraltar is a British Overseas Territory, is under the jurisdiction of the United Kingdom but is not technically a part of it.
- Gibraltar is also part of the European Union because of its connection to the UK.
- Gibraltar is just 6.8km2in size and, with a population of about 30,000 people
- English is the official language of Gibraltar but many people also speak Spanish and the local language, which is called Llanito
- The official currency of Gibraltar is the pound, but you can’t use the locally-produced notes or coins back in the UK, they are only local
- Gibraltar has its own political system that makes many decisions within the territory but issues like defence and foreign affairs are determined by the UK Government in London.
- Very religiously diverse population
Gibraltar is one of the richest countries in the world and has an excellent education system. It is a perfect destination for businessman from all around the world.
- The only British Offshore, that is the part of the European Union
- Cost effectiveness and attractive fiscal regime for offshore investors
- Excellent reputation, despite the Offshore status
- No Exchange controls
- Good geographical location and bilingual (English and Spanish) territory
- Only jurisdiction that offers a flexible tax regime (25-yearcertificates), a specific exclusion form the EU requirement to levy VAT, and regulatory standards matching the EU and UK but retaining the flexibility of a small jurisdiction
- No capital gains taxes,g ift taxes nor wealth taxes in Gibraltar
- The main tax for companies is income tax, as Gibraltar taxation system is similar to that of the United Kingdom