Explore the evolving Gibraltar property market as we look to 2024 and beyond. Discover key trends, opportunities, and challenges that are shaping this dynamic sector for local and international investors.
Gibraltar 2024
Starting a Business in Gibraltar in 2024: A Comprehensive Guide
Choosing the Right Business Structure
Types of Business Entities
When starting a business in Gibraltar, selecting the appropriate business structure is crucial. Options include sole proprietorships, partnerships, and limited liability companies. Each structure has its legal and tax implications.
Starting a Business in Gibraltar in 2024
Starting a Business in Gibraltar in 2024: A Comprehensive Guide
Choosing the Right Business Structure
Types of Business Entities
When starting a business in Gibraltar, selecting the appropriate business structure is crucial. Options include sole proprietorships, partnerships, and limited liability companies. Each structure has its legal and tax implications.
The Impact of Brexit on Gibraltar’s EU Relationship
Since the United Kingdom, including Gibraltar, left the European Union in 2020, the relationship between Gibraltar and the EU has been complex and is still evolving. The withdrawal agreement and subsequent negotiations have significantly impacted Gibraltar’s political and economic landscape.
Gibraltar Property Law
Strait Law provides comprehensive legal services in Gibraltar property law, assisting with property transactions, lease agreements, and disputes. Get expert advice and support from our experienced team.
Family Law in Gibraltar
Strait Law offers compassionate and professional legal support for family law matters in Gibraltar. Our experienced team covers divorce, child custody, inheritance, and more. Contact us for expert advice.
Commercial Law for Businesses in Gibraltar
Strait Law provides expert commercial law services to businesses in Gibraltar. From company formation to ongoing legal support, our experienced solicitors are here to help your business thrive.
Civil and Criminal Litigation in Gibraltar
Strait Law offers comprehensive legal support for civil and criminal litigation in Gibraltar. Our experienced team is dedicated to protecting your rights and providing expert representation in all legal matters.
Gibraltar Businesses and Commercial Law
Strait Law offers a wide range of commercial law services tailored to meet the needs of businesses in Gibraltar. Our team of experienced solicitors is dedicated to providing professional legal support to ensure your business operates smoothly and in compliance with local laws.
Legal Support for Civil and Criminal Litigation in Gibraltar
Litigation is a legal process involving the resolution of disputes through the court system. In Gibraltar, civil and criminal litigation encompasses a wide range of legal matters, from personal disputes to serious criminal charges. It is crucial to understand the distinctions between civil and criminal cases and the legal processes involved in each.
Gibraltar review of Parental Leave legislation
Gibraltar to conduct comprehensive review of Parental Leave legislation, announces Minister Santos
In a recent announcement, Minister for Equality, Employment, Culture and Tourism, Christian Santos, affirmed that the Government of Gibraltar is prioritising a comprehensive review of the existing parental leave legislation which came into force in 2001. This move aims to align Gibraltar’s employment laws with progressive standards seen in other jurisdictions, ensuring that parents are granted adequate time off to care for their newborns or newly adopted children.
Current Parental Leave Framework
Current legislative provision for parental leaveis considered by many to be insufficient in meeting the needs of modern families due to its limited duration and the fact that it is unpaid. At present, employees are entitled to 4 weeks’ parental leave in any given year (provided they have been in continuous employment for a period of one year) to care for a child for whom they have (or expect to have) responsibility. This leave can be taken at any time between the birth of the child or date of legal adoption, up until the child’s 5th birthday. The maximum amount of parental leave permitted during this period is 4 months in total.
The new legislation is expected to address these concerns by providing more extensive leave options and greater financial support.
Anticipated Changes
Critics of the current provisions will be hoping that Minister Santos’s review will address the following key areas:
- Maternity and Paternity Leave: Current provisions allow for up to 14 weeks of maternity leave with the option to extend this to 29 weeks however there is no statutory provision for this leave to be paid. Employees are able to claim maternity benefit for a period of 18 weeks, currently £87.64 per week. There may be scope to increase the length of maternity leave and to introduce a more favourable payment scheme during this period. .
- There is currently no statutory entitlement to paternity leave in Gibraltar, which lags behind the provisions in Europe and the UK which includes the right to paid paternity leave.
- Parental Leave for Both Parents: The introduction of paternity leave and the ability to share parental leave between both parents, allowing families greater flexibility in how they manage their time off. This approach acknowledges the changing dynamics of modern parenting and promotes a more balanced division of childcare responsibilities.
- Enhanced Financial Support: Recognising the financial burden that extended leave can place on families, it is anticipated that the new legislation will include provisions for enhanced financial support. This may involve higher rates of statutory pay during leave periods, ensuring that parents are not unduly financially disadvantaged during their time off.
Consultation and Implementation
Minister Santos emphasised the importance of a thorough consultation process before the new laws are enacted. The Government will seek input from various stakeholders, including the Chamber of Commerce, the GFSB and private sector employers to ensure that the legislation is comprehensive and effective.