With no minimum authorised capital and convenient access to the rest of Europe, Gibraltar company incorporation offers simple and easy access to a range of benefits that are provided by such offshore companies. There are many jurisdictions that you can choose from when setting up an International Business Company and it is important that you choose the one that is most relevant and most ideal for your requirements. Consider all the factors and not just the corporation tax rates.
Not all offshore jurisdictions are equal. Some have exorbitantly high costs while others may afford the benefit of tax exemption but without the ability for directors and shareholders to remain anonymous. Others may be overly restrictive in their company structure requirements while yet more do not offer the kind of political or economic stability that you should look for when choosing the most appropriate jurisdiction.
Gibraltar companies are very popular indeed. The country itself is conveniently located to the rest of Europe, although no meetings need to be held in the country anyway. You can also nominee services to fill the role of regional secretary and there is only the requirement for a single director and shareholder. Accounts do need to be prepared, but not audited, and they also need to be filed which means that they will become publicly accessible.
However, it is acceptable to use nominee shareholder and director service during Gibraltar company registration and this means that your name and the names of any other company members can be kept out of the pubic eye. Beyond this, Gibraltar companies enjoy tax exemption on any profits that are made outside the jurisdiction area and there is no minimum capital required to start a company making Gibraltar companies an accessible option.
Most people establish a Gibraltar company to enjoy the tax exemption although there are other reasons that you should consider Gibraltar over other jurisdictions too. There’s no need for director meetings while shareholders can meet anywhere in the world for the required Annual General Meeting of shareholders. Nominee services and corporate directors can be used in order to enjoy greater privacy and anonymity.