1. Do I have to come to Gibraltar to incorporate a non-resident Company?
No. Though there is a requirement for a secretary, this person or corporate entity must be resident and we can offer this service to you.
2. Can I also have a nominee shareholder and director in Gibraltar?
Yes you can and we offer the service. A shareholder and a director may be the same person (natural or corporate). In our opinion, you should use our nominee service because there is a public record of shares.
3. What are the requirements regarding reporting and accounts?
Gibraltar companies are required to file accounts annually. Depending on the size of your business, the reporting requirements change. A small company i.e. a Company which meets any two of the following: net turnover less than £ 4.8 million; balance sheet totals less than £ 2.4 million; and an average number of employees of less than 50 persons, must file an abridged balance sheet. A medium sized company i.e. a Company which meets any two of the following: net turnover less than £ 19.2 million but more than £ 4.8 million; balance sheet total less then £ 9.6 million but more than £ 2.4 million and an average number of employees of 250 or less but more than 50 persons. They must file a balance sheet and an abridged profit and loss statement along with an auditor's report. A large company i.e. a Company which meets any two of the following: a net turnover in excess of £ 19.2 million; a balance sheet total in excess of £ 9.6 million and an average number of employees of 250 or more per annum. The reporting requirement is a balance sheet, a profit and loss statement and an auditor's report. It should also be noted that the statutory books of the Company must be kept at the registered office in Gibraltar.
4. What is the required authorized capital for a Gibraltar Company?
Gibraltar has no minimum or maximum authorized capital, however, a capital duty of 0.5% is charged per year starting from incorporation on the authorized capital chosen. The usual authorized capital is £ 2,000. You don't have to pay in the authorized capital at incorporation or to open an offshore bank. There is no time limit on when to pay the capital.
5. What is the currency used in Gibraltar?
The official currency of Gibraltar is the Gibraltar Pound. The US Dollar and the British Pound are also commonly used including for declaring the authorized capital. The Gibraltar Pound and the British Pound are equal in value.
6. If circumstiances change and I change my mind about the offshore company, can I get at least a partial refund?
Once the incorporation form has been completed and the company paid for no refund is possible. These funds would have already been used for the incorporation fees and other services provided.
7. When are annual renewal fees due?
Annual renewal fees are due on the anniversary date of incorporation every year.