🇬🇮 GibraltarCompany Establishment/Offshore Registration Highlights
Gibraltar taxes profits generated or sourced locally on a territorial basis, with the standard corporate tax rate increasing from 12.5% to 15% starting July 2024 (higher rates apply to utilities/energy sectors). There is no VAT and no capital gains tax. Establishment is quick but requires local management and substance. Tax rates and regulations may be adjusted; please refer to the latest announcements from Gibraltar's official Income Tax Office.
| Common Company Types | Ltd (Limited Company) |
|---|---|
| Corporate income tax | Standard rate 15% (from July 2024, previously 12.5%); utilities/energy sector 20%. |
| Estimated establishment costs | Approximately £1,500–£3,000 |
| Annual maintenance | Annual reports, accounting, registered address; audit based on scale. |
| Substance/Reporting Requirements | Territorial taxation; UBO registration; substance of management and control; CRS. |
| Suitable for purpose | Holding, online business, gaming, wealth management |
| Bank account opening | Account opening reviews are stringent and often require substance. |
| Recent Changes | From July 2024, the corporate tax will increase to 15%. |
Key considerations
- Subject to territorial taxation; the determination of 'sourced from Gibraltar' affects the scope of taxation and must be carefully assessed.
- Post-Brexit arrangements with the EU/Spain are still evolving; cross-border operations should pay attention to the latest agreements.
- Home country CFC/substance taxation rules may still apply; local management substance is required.
General Process
- Establish a Gibraltar Ltd and register UBO, appoint directors.
- Arrange for a registered address and local management substance.
- Open a bank account.
- Submission of annual reports and accounting/auditing is mandated by regulations.
Frequently Asked Questions
Does a Gibraltar company have to pay taxes locally?
Gibraltar operates on a territorial tax basis, taxing only profits generated or sourced locally; however, source determination has its rules, and home country tax regulations may still apply, so it is advisable to consult a professional.
Is the Gibraltar tax rate still 10%?
The standard tax rate has been phased up since 2021 and 2024, currently at 15% (higher for utilities/energy sector); outdated information should be disregarded in favor of official announcements.
Official sources：Government of Gibraltar — Income Tax Office · Data date：2026-06。This page serves as a neutral compilation of publicly available information for reference only, notTax / LegalRecommendations are based on the latest official announcements.