Private Client Services in Gibraltar

Wealth Management and Asset Protection

Wealth management is at the core of private client services. Gibraltar’s favourable tax regime and stable legal system make it an attractive jurisdiction for asset protection and financial planning. Whether you are an entrepreneur, a high-net-worth individual, or someone looking to secure family assets, understanding the options available in Gibraltar is essential.

Key Considerations in Wealth Management

• Establishing Trusts: Trusts are commonly used for asset protection and estate planning in Gibraltar. By transferring ownership of certain assets to a trust, individuals can protect those assets from claims, taxes, or disputes while ensuring they are managed according to their wishes. Gibraltar’s trust laws are based on English common law, offering familiarity and reliability for international clients.
• Foundations: Foundations are another tool for wealth management in Gibraltar. They provide a flexible framework for holding assets and can be used for philanthropic purposes or as an alternative to trusts. Foundations are particularly useful for individuals who want greater control over their assets while still enjoying tax efficiency.
• Tax Efficiency: Gibraltar offers a low-tax environment with no inheritance tax, capital gains tax, or wealth tax. However, understanding your obligations under Gibraltar’s tax laws is critical, especially if you have cross-border assets. Our legal experts at Strait Law can provide comprehensive advice on structuring your wealth in a tax-efficient manner.

Estate Planning and Wills

Effective estate planning ensures that your assets are distributed according to your wishes and that your loved ones are taken care of after your death. In Gibraltar, estate planning often involves creating a will, setting up trusts, and addressing cross-border considerations.

The Importance of a Valid Will

A will is a legal document that outlines how your assets should be distributed upon your death. Without a valid will, your estate will be subject to the rules of intestacy, which may not align with your intentions. In Gibraltar, it is essential to have a will that is clear, legally compliant, and updated regularly to reflect changes in your circumstances or the law.

Cross-Border Estate Planning

Many private clients in Gibraltar have assets located in multiple jurisdictions. Cross-border estate planning ensures that your global assets are managed effectively and distributed seamlessly. Our team at Strait Law works closely with international partners to address jurisdictional complexities and ensure that your estate plan aligns with the laws of all relevant countries.

Minimising Disputes

A well-crafted estate plan reduces the likelihood of disputes among beneficiaries. By clearly outlining your intentions and addressing potential areas of contention, you can provide peace of mind for your family and avoid costly legal challenges.

Residency and Immigration Services

For individuals seeking to relocate to Gibraltar or take advantage of its tax-efficient residency options, understanding the legal requirements is crucial. Gibraltar offers attractive residency programmes for high-net-worth individuals, such as Category 2 status.

Category 2 Residency

Category 2 status allows high-net-worth individuals to benefit from capped tax liability on worldwide income, provided specific criteria are met. Applicants must demonstrate financial independence, secure approved accommodation in Gibraltar, and undergo a rigorous application process. At Strait Law, we guide clients through the application process, ensuring compliance with all legal requirements.

Ordinary Residency

For those who do not meet the requirements for Category 2 status, ordinary residency may be an alternative. This requires physical presence in Gibraltar for a substantial part of the year and adherence to local tax and immigration rules.

Family Relocation

If you are relocating with your family, additional considerations may arise, including school enrolment, healthcare access, and spousal work permits. Our team provides comprehensive support to ensure a smooth transition for you and your family.

Family Asset Management

Managing family assets effectively ensures long-term financial security and stability. This may involve creating family trusts, structuring businesses to facilitate succession, or addressing legal disputes related to inheritance or ownership.

Business Succession Planning

For families with significant business interests, succession planning is critical. This involves ensuring that the business structure allows for a smooth transfer of ownership to the next generation while minimising tax liabilities. Our team at Strait Law works closely with business owners to develop succession plans tailored to their unique needs.

Addressing Inheritance Disputes

Disputes over inheritance can be emotionally and financially draining. Whether you are contesting a will or defending its validity, we provide expert legal representation to protect your interests and resolve disputes efficiently.

Why Choose Strait Law for Private Client Services?

At Strait Law, we understand the unique needs of private clients in Gibraltar. Our team is committed to providing personalised legal solutions that protect your wealth, address your concerns, and secure your legacy. Whether you need assistance with estate planning, wealth management, or immigration services, we are here to help.

Our Services Include:

• Drafting and reviewing wills
• Setting up trusts and foundations
• Advising on tax-efficient wealth structures
• Assisting with residency and relocation
• Resolving inheritance disputes

With years of experience and a deep understanding of Gibraltar’s legal landscape, Strait Law is the trusted partner for private clients. Contact us today to discuss how we can assist you in achieving your financial and personal goals.

📞 +350 200 66177

📧 office@straitlaw.gi

Let us help you take control of your wealth and secure peace of mind for the future.