A Financial Guide to Gibraltar

Aside from the perfect weather, the obvious outdoor attractions, and the relaxed friendly lifestyle, Gibraltar has fiscal attractions as well.

If you're considering a move to Gibraltar, or you'd like to own a business here, Gibraltar offers you some very compelling reasons so far as tax advantage goes. Owning a business is a bit different than your personal business, but Gibraltar can offer some advantages there as well, if you're inclined to operate in concert with another Gibraltar business.

If you are considering the establishment of a new residence, you're going to find that your tax load is a great deal lighter than it might be elsewhere, whether its personal income taxes or estate planning, or business building.

Curious about why we're touting Gibraltar as a haven for both business and personal interests? We've seen a great deal of what Gibraltar DOES have, now let's take a look at what it DOESN'T have.

Gibraltar does NOT have:

• Inheritance Tax
• Capital Gains Tax
• Wealth Tax
• VAT
• Stamp Duty

 What this means to you is that Gibraltar is a truly excellent area to offer you lowered costs on anything of a personal  nature that you might like to undertake here.

Different categories  of taxation offer different advantages to the newcomer to Gibraltar. For example, category 2 status means that your tax liability is limited to just £23,000. To those who may have a higher income, this is a remarkable saving.

If you are taxed elsewhere based on your country of origination, or your nationality, the residence on Gibraltar may not be exactly what you need to help you establish those new tax rates. It is for the most part, however, the residence that dictates the tax rates that you are constrained to pay, and Gibraltar can offer most people substantial savings on their overall tax bill at year end.

Obviously you should always consult with an attorney, law firm or finance expert before you make any kind of plans to permanently change your country of residence. In some cases, it will not be advantageous for you to change that residence, but for the most part, your home in a neutral area has a lot to offer you tax wise that you may not see anywhere else on earth.