Gibraltar is not only a warm, sunny, and welcoming climate with friendly people, but in fact the legal atmosphere is also very welcoming to the newcomer. There are multiple reasons why people choose to relocate to Gibraltar but among them are the ease with which you can open a new business here in Gibraltar, as well as the advantages that the area offers to estate planning and other financial aspects of life.

While Gibraltar is part of the EU and is also a British territory, the taxation is far less and Gibraltar has been listed as the fifth most affluent country or territory worldwide.

Beginning a business in Gibraltar is encouraged by the government of Gibraltar and they offer some very valuable incentives to start your life fresh in the Gibraltar area.Gibraltar enjoys a situation where there is no estate duty or estate tax, and there are also no wealth or gift taxes for you to pay once you relocated here.

Your business or your estate will quite likely thrive in Gibraltar. The legal system of Gibraltar is based on the British legal system but it is not part of the legal system of the UK, keeping separate from it. 

There is no income tax for a non resident business in Gibraltar unless the main source of the Gibraltar business is in Gibraltar and there is no taxation on capital income. For all intents and purposes the legal and tax reasons for living or owning a business here are virtually endless.

Gibraltar has no wealth tax, no sales tax, no VAT, no tax on capital gains, while their import duty is manageable at about 2 percent and most companies pay only corporation taxes or contributions for social insurance.

Companies which are non resident have many advantages, not the least of which is the ability to join in the offshore type businesses to lower still further their rate of taxation.