Gibraltar legislation concerning qualifying and exempt companies has changed; please read important information on the changes in Gibraltar exempt company registration procedures. The purpose of this chapter is to provide you historical information on the Gibraltar qualifying companies and their benefits.
Qualifying Company form
rather fits for offshore company with a significant operating
presence in Gibraltar in terms of staff and office than an Exempt
Company. This form is particularly aimed at helping finance
The conditions for Qualifying Company incorporation in general
are the same as those for an exempt company.
Qualifying company certificate is valid for 25 years from the
date of issue. It pays tax on its profits at beneficial rates
ranging from 1% to 35% (compared to the obligatory 35% rate for
standard companies). Qualifying companies need to submit accounts
to the Gibraltar Commissioner of Income Tax,
and normal income tax legislation applicable to resident companies
is applied to calculate the assessable profits of the company.
Most Qualifying Companies now pay between 5% and 10% tax, that
is the usual amount required to escape rules of home country against
Minimum paid-up capital of a qualifying company makes G£1,000;
other G£1,000 should be deposited with the Accountant-General
against future tax liabilities.
The Gibraltar exempt company has maximum efficiency where profits
are made, e.g. if the company is intended to be used for share
investments or bank deposits, or for some trading activity.
If the company is not formally directed by the beneficial owners
themselves, the directorship function can be outsource worldwide
to suitable corporate or private third-party directors. Audited
returns will not be required for most companies, as they usually
qualify as "small" companies under the relevant rules.
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