Understanding the Process of Incorporating a Business in Gibraltar
Incorporating a business in Gibraltar offers numerous advantages, from a favourable tax regime to a robust legal framework. For entrepreneurs and established companies alike, the process of incorporation can unlock opportunities in an internationally respected jurisdiction. At Strait Law, we specialise in guiding clients through every stage of this process, ensuring compliance, clarity, and confidence.
Why Incorporate in Gibraltar?
Gibraltar is a leading financial centre, renowned for its business-friendly policies. The jurisdiction offers:
- Low Corporate Tax: Gibraltar applies a flat corporate tax rate of 15% on profits earned within the territory.
- Legal Stability: As a British Overseas Territory, Gibraltar follows English common law principles, providing a familiar and secure legal environment.
- Access to Global Markets: With its strategic location at the crossroads of Europe and Africa, Gibraltar serves as a gateway for international trade.
These advantages make Gibraltar a preferred destination for businesses in sectors such as financial services, technology, and e-commerce.
Steps to Incorporate a Company
- Choosing a Company Name
The first step is selecting a unique company name that complies with the Gibraltar Companies Act 2014. This ensures there is no duplication with existing entities. At Strait Law, we assist clients by conducting thorough name searches and securing reservations. - Preparation of Documentation
Incorporating a business requires drafting the Memorandum and Articles of Association, which define the company’s purpose, structure, and governance. Our experienced legal team ensures that these documents meet all regulatory requirements and reflect your business’s unique needs. - Registering the Company
The application for incorporation is submitted to the Gibraltar Companies House. This process includes paying the registration fee and filing necessary forms. Strait Law handles this step efficiently, ensuring all documentation is accurate and complete. - Opening a Business Bank Account
A Gibraltar-based business must operate with a local bank account. While the application process can be complex, our team provides guidance to streamline account opening, including preparing the required identification and company documentation. - Compliance with Regulations
After incorporation, companies must adhere to ongoing compliance requirements, including annual filings and maintenance of statutory records. Strait Law offers tailored services to help businesses stay compliant and avoid penalties.
Additional Considerations
- Share Capital Requirements: Gibraltar companies typically require a minimum of one share to be issued.
- Directors and Secretaries: At least one director and one company secretary must be appointed. These roles can be filled by individuals or corporate entities.
- Registered Office: Every company must have a registered office in Gibraltar. Strait Law can assist with establishing this as part of our comprehensive service.
How Strait Law Can Help
Our team understands that incorporating a business is a significant step. From initial consultations to post-incorporation compliance, we provide end-to-end support. Whether you are a start-up or an international enterprise, we tailor our services to your specific goals.
To learn more about how we can help you incorporate your business in Gibraltar, contact Strait Law today.
