Legal Support for Civil and Criminal Litigation in Gibraltar

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.

read more
Property Law Services in Gibraltar

Property Law Services in Gibraltar

Strait Law has extensive experience in property law, making us well-equipped to handle a wide range of property matters. Our in-depth knowledge of Gibraltar’s legal landscape ensures that we provide accurate and reliable advice. Our dedicated team of professionals is committed to delivering high-quality legal services to our clients.

read more
Category 2 Status in Gibraltar

Category 2 Status in Gibraltar

In 2024, Gibraltar continues to offer attractive incentives for individuals seeking to relocate under its Category 2 status. This special tax status is designed for high-net-worth individuals, providing favourable tax conditions and enhancing Gibraltar’s appeal as a residential destination. Strait Law provides an expert overview of what Category 2 status entails and the implications for those considering this option.

read more
Buying Property in Gibraltar

Buying Property in Gibraltar

Buying property in Gibraltar is a significant decision with many legal and financial considerations. This blog provides insights into the market, outlines the legal framework, and discusses essential steps like financial planning and property valuation, aimed at helping buyers make well-informed decisions

read more
Redundancy and Your Rights as an Employee in Gibraltar

Redundancy and Your Rights as an Employee in Gibraltar

Explore your rights and protections under Gibraltar’s redundancy laws with our comprehensive guide. Learn about the legal foundations, notification processes, fair selection criteria, redundancy pay calculations, and your rights to appeal. Ensure you’re well-informed and prepared if you face redundancy in Gibraltar

read more
Residential Property law in Gibraltar

Residential Property law in Gibraltar

Residential Property law in Gibraltar: Brief overview of the conveyancing process

At Strait Law, our team of dedicated barristers and solicitors are well-versed in Gibraltar’s property law and are here to guide you through every step of the process. In this post, we will provide an overview of our conveyancing service and share some tips for navigating the property market.

read more

Setting Up a Company in Gibraltar in 2024

by | Apr 30, 2024 | Business Law, Gibraltar news, Solicitors | 0 comments

A Guide to Setting Up a Company in Gibraltar in 2024

Establishing a company in Gibraltar offers numerous advantages, including a favourable tax regime, a strategic location, and a robust legal system. Strait Law provides a detailed guide for entrepreneurs and businesses looking to set up a company in Gibraltar in 2024.

Advantages of Gibraltar as a Business Location

Gibraltar’s status as a British Overseas Territory ensures political stability and legal transparency. Its low tax rates, absence of capital gains tax, and exemption from VAT make it an attractive jurisdiction for business incorporation.

Types of Companies in Gibraltar

  • Private Limited Companies: The most common form for small to medium-sized businesses, offering limited
    liability to shareholders.
  • Public Limited Companies: Suitable for larger enterprises, with shares that can be traded publicly.
  • Limited Partnerships and Sole Traders: Options for specific business needs and individual entrepreneurs.

Company Formation Process

  • Name Approval and Reservation: Select a unique name for your company, subject to approval by the Gibraltar
    Companies Registry.
  • Registered Office and Agent: Establish a registered office in Gibraltar and appoint a local agent
    to facilitate legal processes.
  • Incorporation Documents: Submit the Memorandum and Articles of Association, detailing the company’s
    structure, objectives, and governance rules.
  • Share Capital and Shareholders: Determine the share capital structure and register the initial shareholders
    of the company.
  • Directors and Company Secretary: Appoint directors to manage the company and a company secretary to
    ensure legal and regulatory compliance.

Legal and Regulatory Compliance

Understanding and adhering to Gibraltar’s legal and regulatory framework is crucial. This includes compliance with the Companies Act, tax obligations, employment laws, and industry-specific regulations.

Banking and Financial Arrangements

Opening a corporate bank account in Gibraltar is a straightforward process, essential for managing the company’s financial transactions. Financial planning, including budgeting, tax planning, and financial reporting, is critical for the company’s success.

Ongoing Obligations

Companies in Gibraltar are required to maintain proper accounting records, conduct annual audits (if applicable), and file annual returns with the Companies House Gibraltar. They must also adhere to any changes in corporate legislation and regulatory requirements.

Strait Law’s Corporate Services

Strait Law offers comprehensive services for setting up a company in Gibraltar, including legal advice, incorporation services, and ongoing corporate compliance support. Our expertise ensures that your company is established efficiently and compliantly.

Why Choose Gibraltar and Strait Law for Your Business

Gibraltar provides a strategic and tax-efficient environment for businesses, while Strait Law offers the legal expertise and support necessary for successful company formation and operation.

Contact Strait Law for Company Formation in Gibraltar

If you are considering setting up a company in Gibraltar, Strait Law can guide you through every step of the process. Our knowledge of local business laws and regulatory requirements will ensure that your company is set up correctly and operates smoothly.

For expert assistance with establishing a company in Gibraltar, contact Strait Law at +350 200 66177 or Let us help you build a solid foundation for your business in this dynamic jurisdiction.