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Tax
with direct daily flights from London and other UK airports or through the several Spanish airports that are no further than a 2 hour drive, namely Malaga, Jerez and Seville.
It is a small, friendly and safe place, offering a mild climate with an average of over 300 days of sunshine each year. The local community approximates 30 thousand people which include both the native Gibraltarian as well as expatriate residents. Gibraltarians constitute a homogenous ancestral mix of Maltese, UK, Italian, Moroccan and Spanish, which has resulted in a British population which is very Mediterranean it its outlook to life, especially when it comes to family, food and social life, but with a professional work system.
Given its size it is unsurprising that it has a negligible crime rate. By the same token unemployment levels have also remained very low, an encouraging thought when considering the current global economic climate.
To an extent, it’s current economic success can be attributed to the large number of resident professionals who have helped to foster a dynamic local business model as well
as promoting healthy employment levels. legislation, but it is also among the first wave Gibraltar is also unashamedly British of international jurisdictions to have adopted whilst boasting its own Mediterranean charm, global transparency and exchange of unsurprisingly it is therefore an attractive information initiatives with the aim of jurisdiction for those wanting the stability of a encouraging responsible taxation. In line with British way of life in the sunshine. other major finance centres, it prides itself on From a business perspective, the adhering to statutes conforming to the jurisdiction operates within the same highest international standards ensuring that Common Law framework as the UK. companies operating from the jurisdiction are
Likewise the local education system is also in meeting their fiscal obligations. line with the UK, with pupils sitting GCSE and A Level examinations. Furthermore, Gibraltar has also recently established a local
University for students who wish to further their academic pursuits but who do not wish to travel abroad.
Tax legislation
In addition, Gibraltar is also a member of the European Union (EU) and therefore all the Gibraltar’s current tax legislation freedoms as per the Treaties of the European however allows for effective tax planning, in Union, including the freedom of movement of that unlike other jurisdictions, it does not people and services apply. It has transposed charge wealth tax, gift tax, inheritance tax or all EU Directives into its legislative death duties. Investment income as well as framework. capital gains falls out of the chargeability of its
Not only has Gibraltar ratified all EU taxation. From a corporate perspective, it Transparency Directives to its local offers an attractive headline tax rate of 10% on
Sandy Bay in Winter
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