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Let us help you with moving to Gibraltar

While Monaco and Switzerland are excellent choices for those seeking a lavish lifestyle, Gibraltar is best suited to you if you seek a more discreet alternative with lower entry requirements. With an attractive new fiscal regime, including compelling tax and estate planning benefits, Gibraltar is fast becoming the favoured jurisdiction for wealthy private individuals and businesses looking to reduce their overall personal or corporate tax liability in a perfectly legitimate way.

Located at the southern tip of Europe with spectacular views across the straits to Africa, Gibraltar is a self-governing British overseas territory where English law, language and currency prevail. Gibraltar is a politically stable country with a business-friendly culture that offers you a high quality of life, top-notch security, an excellent education system, and access to all types of sports and leisure activities.

Greater tax transparency has put an end, once and for all, to offshore financial centres with no reporting. With Common Reporting Standards (CRS) being almost universally adopted tax mitigation through cross-border tax planning is the only effective way of protecting your wealth and minimizing your tax burden from an over-zealous tax man.

With tax authorities collaborating and freely exchanging tax information on a cross-border basis there is no place for you to hide. We expect tax recoverable from tax evasion to continue to rise. The solution of course is to legitimately establish your tax residency in a country with a benign tax environment that has a favourable climate and offers a good lifestyle. Gibraltar could just be the answer for you.

Based in the heart of Gibraltar, we provide a “one stop shop” when it comes to securing Gibraltar Residency and expats like you can relax knowing that all their financial needs, residency, investments, retirement planning, property search and insurance are all taken care of under the same roof.

Tax implications for British nationals in Gibraltar.

Gibraltar offers compelling tax advantages to expats relocating.

  • No Inheritance Tax
  • No Wealth Tax
  • No Capital Gains Tax
  • No Value Added Tax
  • No tax on Savings Interest
  • No tax on Dividends (from companies on a recognised Stock Exchange)
  • 2.5% flat rate of income tax on QROPS and QNUPS pensions in drawdown.

Whether you derive your income from employment or have passive income from your savings and investments our relocation experts are able to advise you on the best option when it comes to choosing your residency scheme. We advise individuals from Britain, the EU and beyond as well as companies and their employees looking either to establish a base in Gibraltar or recruit from outside the local market.

As well as helping expats who wish to reside permanently in Gibraltar our team also has considerable expertise in assisting cross-border workers and those expats who wish to have a second home in Spain as well as live in Gibraltar. It is extremely important that you are tax compliant in both jurisdictions and expert guidance is essential.

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Frequently Asked Questions By British Expats Looking on Moving To Gibraltar.

Welcome to our FAQ on Gibraltar Residency! If you're considering establishing residency in Gibraltar or have questions about the requirements and benefits of becoming a Gibraltar resident, you've come to the right place. In this guide, we aim to provide you with important information and answers to common questions surrounding Gibraltar Residency.

Please keep in mind that while we strive to provide accurate and up-to-date information, immigration policies and regulations can change, and it's important to consult with an immigration specialist or professional advisor who can provide the most current and tailored guidance based on your specific circumstances.

Let's dive into our FAQ on Moving to Gibraltar and discover the possibilities and Gibraltar tax advantages this unique destination has to offer.

Establishing your residency in Gibraltar offers a multitude of benefits that make it an attractive destination for individuals seeking a favourable and advantageous living environment. Here are some compelling reasons to consider Gibraltar as your place of residency:

Gibraltar Tax Advantages: Gibraltar is renowned for its favourable tax regime, including low personal and corporate tax rates. By becoming a resident, you can take advantage of these tax benefits, potentially reducing your tax liabilities and maximizing your financial resources.

Strategic Location: Situated at the southern tip of the Iberian Peninsula, Gibraltar provides a strategic location bridging Europe and Africa. Its proximity to major cities like London and Madrid makes it an ideal base for international business and travel.

Stable Economy: Gibraltar boasts a stable and prosperous economy, supported by thriving sectors such as finance, online gaming, and shipping. Its robust financial services industry and business-friendly environment make it an attractive destination for entrepreneurs and investors.

High Standard of Living: Residents of Gibraltar enjoy a high standard of living with access to excellent healthcare, education, and infrastructure. The vibrant cultural scene, pleasant Mediterranean climate, and beautiful coastal surroundings enhance the overall quality of life.

English-Speaking Environment: With English as its official language, Gibraltar provides a welcoming environment for English-speaking individuals. This eliminates language barriers and facilitates seamless integration into the local community.

Security and Stability: Gibraltar is known for its strong legal and regulatory framework, providing a secure and stable environment for residents and businesses. The territory's commitment to upholding the rule of law ensures peace of mind and protection of rights.

Diverse Community: Gibraltar's diverse and multicultural community creates a vibrant and inclusive society. Residents benefit from a blend of cultures, traditions, and perspectives, fostering a rich and harmonious social fabric.

Outdoor Activities: Gibraltar's unique geography offers a wealth of outdoor activities, from exploring the iconic Rock of Gibraltar to enjoying water sports in the Mediterranean Sea. The territory's natural beauty and recreational opportunities contribute to a fulfilling and active lifestyle.

By establishing your residency in Gibraltar, you can tap into these advantages insofar as taxes in Gibraltar are concerned and experience a fulfilling and prosperous life in a dynamic and welcoming environment.

If you're considering moving to Gibraltar or have further questions, our team of experts is ready to provide personalized guidance and support. Contact us today to explore the possibilities and benefits of establishing your residency in Gibraltar.

British citizens considering Gibraltar as their tax residency destination have certain rights and requirements to be aware of. Here are the key aspects you need to know:

Residency Application: Residency applications in Gibraltar are processed under the provisions of Gibraltar's Immigration, Asylum, and Refugee Act. British nationals without a material connection to Gibraltar are treated as EU nationals for these applications.

Qualified Person Status: To establish residency in Gibraltar, British citizens must qualify as a "qualified person." This typically applies to UK pensioners who intend to make Gibraltar their permanent home. However, there are alternative options available for employed or self-employed individuals as well.

Self-Sufficiency Basis: If you're a UK pensioner planning to reside in Gibraltar, you can apply for residency on a self-sufficiency basis. This requires fulfilling certain criteria, including transferring your UK medical rights to Gibraltar's GHA (Gibraltar Health Authority) at the age of 67.

Employed or Self-Employed Basis: British citizens can also enter Gibraltar as employed or self-employed individuals. This involves securing a job offer from a Gibraltar-based employer or establishing your own business in Gibraltar.

It's important to note that specific requirements and regulations may apply, and it's advisable to seek professional guidance to ensure compliance with all legal and tax obligations.

If you're a British citizen looking to establish tax residency in Gibraltar, our team of experts is here to assist you. We can provide comprehensive support, guidance on the residency process, and address any concerns you may have.

Contact us today to explore your options and make an informed decision about establishing your tax residency in Gibraltar.

Being ordinarily resident in Gibraltar entails meeting specific criteria that determine your tax status and obligations. Here's what you need to know about being ordinarily resident in Gibraltar:

Residency Duration: Since January 2011, individuals are considered ordinarily resident in Gibraltar if they visit or spend 183 days or more in a tax year or exceed 300 days over three consecutive tax years. These thresholds serve as indicators of your substantial presence in Gibraltar.

Worldwide Income Taxation: Once you become ordinarily resident in Gibraltar, you are liable to pay tax on your worldwide income. This means that income generated from both within Gibraltar and outside Gibraltar is subject to taxation. However, double taxation relief provisions may apply to prevent double taxation on the same income in multiple jurisdictions.

It's important to note that the rules and regulations regarding residency and taxation can be complex, and it's advisable to seek professional advice to ensure compliance with all legal requirements.

If you're considering establishing residency in Gibraltar and want to understand the implications of being ordinarily resident, our team of experts is here to assist you. We can provide comprehensive guidance on residency requirements, tax obligations, and any other related concerns you may have.

Contact us today to explore your options and make informed decisions regarding your tax residency in Gibraltar.

Category 2 status in Gibraltar is a special tax scheme that offers an attractive tax solution for eligible individuals. Here's what you need to know about Category 2 status:

Eligibility Criteria:  To quality for Category 2 status, individuals must meet certain requirements, including having net assets exceeding £2million.  Approval for this status is granted by the Finance Centre Director after careful consideration of the applicant’s financial circumstances.

Gibraltar Tax Benefits: Category 2 status provides significant tax advantages. Approved individuals are required to pay an annual minimum tax sum, but their annual tax liability is capped at a highly favourable amount of £44,740. This cap ensures that individuals with Category 2 status enjoy a reduced tax burden compared to standard tax rates.

Advance Payment: Category 2 applicants are also required to pay their tax one year in advance, ensuring compliance with Gibraltar's tax regulations.

It's important to note that obtaining Category 2 status is subject to meeting specific conditions and fulfilling the eligibility criteria. Our team of residency specialists can guide you through the process, assessing your qualifications and discussing the requirements in detail.

If you believe you meet the criteria for Category 2 status and want to explore the potential benefits, we're here to assist you. Contact our team today to discuss your options and determine the best course of action to optimize your tax position in Gibraltar.

Self Sufficiency status in Gibraltar is an alternative residency option with its own set of qualifying rules. Here's what you need to know about Self Sufficiency status:

Purpose and Suitability: Self Sufficiency status is particularly suitable for individuals who generate passive income from investments and savings, rather than earning income through employment or self-employment activities. It provides an attractive option for those seeking a residency status that aligns with their financial situation.

Gibraltar Tax Benefits: One of the key advantages of Self Sufficiency status is the potential for minimal income tax liability. While there is no minimum tax requirement, applicants may only be subject to a special tax on income derived from UK pension funds transferred to Qualified Recognized Overseas Pension Schemes (QROPS).

Residency Applications: With the implementation of Gibraltar's Immigration, Asylum, and Refugee Act, all residency applications are now processed under these provisions. British nationals without significant connections to Gibraltar are treated as EU nationals under this act. Currently, applications are being considered for UK pensioners who transfer their UK medical rights and individuals seeking either employment or self-employment in Gibraltar.

Obtaining Self Sufficiency status involves meeting specific criteria and fulfilling the necessary requirements. Our team of residency specialists can provide detailed guidance, assessing your eligibility and discussing the conditions in depth.

If you believe Self Sufficiency status may be suitable for your residency goals and financial circumstances, we are here to assist you. Contact our team today to explore the possibilities and determine the best approach to securing your residency status in Gibraltar.

HEPSS (High Executives Possessing Specialist Skills) is a unique employment status in Gibraltar aimed at attracting top-level executives with exceptional expertise. This special status offers attractive tax benefits and incentives for eligible individuals. Here's what you need to know about HEPSS status:

Purpose and Eligibility: HEPSS status was introduced as an incentive for companies seeking to recruit highly skilled executives. It is designed to attract individuals with specialist skills and experience in their respective fields. To qualify for HEPSS status, individuals must meet specific criteria established by the Gibraltar government.

Gibraltar Tax Advantages: One of the main benefits of HEPSS status is the favourable tax treatment it offers. Individuals under HEPSS are only required to pay taxes on the first £160,000 of their income. This means that highly paid executives can potentially relocate to Gibraltar and benefit from significant tax savings.

Qualifying Criteria: The exact criteria for obtaining HEPSS status may vary, but it generally requires individuals to demonstrate their exceptional skills and experience in a specific industry. This could include providing evidence of relevant qualifications, professional achievements, and a track record of success in their field.

Application Process: Applying for HEPSS status involves submitting a comprehensive application that includes details of qualifications, work experience, and supporting documents. The application will be assessed by the Gibraltar government to determine eligibility for the program.

Ongoing Compliance: Once granted HEPSS status, individuals must comply with the obligations and requirements outlined by the Gibraltar government. This may include maintaining employment with an approved company, fulfilling reporting obligations, and meeting any other conditions set forth by the program.

If you are a high-level executive with specialist skills and are considering moving to Gibraltar, HEPSS status can offer significant tax advantages and career opportunities. Our experienced team can guide you through the application process, ensuring that your application is accurately prepared and increases your chances of success.

Contact us today to learn more about HEPSS status and how it can benefit your professional aspirations in Gibraltar.

Gibraltar offers an attractive tax regime with various tax advantages for individuals and businesses. Here's an overview of the taxes payable in Gibraltar:

Income Tax: Gibraltar imposes income tax on individuals and businesses. The tax rates for individuals vary based on income brackets, ranging from 0% to a maximum of 27%. Businesses are subject to corporate tax on their profits at a flat rate of 12.5%.

Withholding Tax: Gibraltar does not impose withholding tax on dividends, interest, or royalties paid to non-residents.

Capital Gains Tax: Gibraltar does not levy capital gains tax on the sale of assets such as property, shares, or investments, except for gains derived from real estate situated in Gibraltar.

Inheritance Tax: Gibraltar does not have inheritance tax, making it an attractive jurisdiction for estate planning. However, it's important to consider the implications of being domiciled in the UK, as UK inheritance tax may still apply.

Value Added Tax (VAT): Gibraltar is outside the scope of the EU VAT regime. As a result, there is no VAT charged on goods or services in Gibraltar.

Wealth Tax: Gibraltar does not impose a wealth tax on individuals or businesses.

Other Taxes in Gibraltar: Gibraltar also does not have taxes on most savings, including bank interest and dividends.

It's important to note that tax laws and regulations can change, and individual circumstances may vary. Consulting with a qualified tax advisor or accountant is recommended to ensure compliance with current tax requirements and to take advantage of any available tax planning opportunities.

If you have specific questions about taxes in Gibraltar or need assistance with tax planning, our experienced team is here to help. Contact us today to discuss your tax needs and explore the benefits of Gibraltar's tax regime.

Transferring your UK pension to Gibraltar can provide significant tax advantages and flexibility. Here's what you need to know:

Gibraltar offers a special tax regime for UK pensions transferred to an approved Gibraltar Qualifying Recognised Overseas Pension Scheme (QROPS). When you draw income from a Gibraltar QROPS, it is subject to a highly attractive tax rate of only 2.5%. This means you can benefit from lower tax obligations on your pension income compared to the tax rates in the UK.

It's important to note that there are certain restrictions on income withdrawals from a Gibraltar QROPS. Consulting with a retirement planning expert is crucial to ensure you make informed decisions and choose the right approach for your pension.

In addition to QROPS, Gibraltar also offers a solution called Qualifying Non-UK Pension Scheme (QNUPS). Income drawn from a QNUPS in Gibraltar is also taxed at the favourable rate of 2.5%. This can be particularly advantageous for mitigating UK Inheritance Tax (IHT) as QNUPS assets are generally outside the scope of UK IHT.

By transferring your UK pension to Gibraltar, you can benefit from the attractive tax rates, greater control over your pension funds, and potential IHT mitigation advantages. However, it's important to seek advice from pension and tax specialists who can guide you through the transfer process, ensure compliance with regulations, and help you optimize your pension strategy.

If you're considering transferring your UK pension to Gibraltar or have questions about the process and potential benefits, our team of pension experts is here to assist you. Contact us today for personalized advice tailored to your specific circumstances.

Certainly! When it comes to obtaining tax residency in Gibraltar, our dedicated residency department is here to assist you every step of the way. Here's how we can help:

Application Process: Our experienced team will guide you through the entire residency application process, ensuring that you meet all the necessary conditions and requirements. We will handle the paperwork, submit the application on your behalf, and liaise with the relevant authorities to expedite the process.

Residency Certificate: Our goal is to help you obtain your residency certificate successfully. We'll work diligently to ensure all the necessary documentation and supporting evidence are provided, increasing your chances of a smooth and efficient approval process.

But that's not all. We understand that relocating to a new country involves various aspects beyond residency. That's why we offer comprehensive services to make your transition as seamless as possible. Here's what else we can assist you with:

Property Search: If you're looking for a property in Gibraltar, our team can help you find suitable options that meet your preferences and budget. We have extensive knowledge of the local real estate market and can guide you through the property search and acquisition process.

Health Insurance: Securing adequate health insurance coverage is essential. We can provide guidance and recommendations for reputable health insurance providers in Gibraltar, ensuring you have access to quality healthcare services.

Financial Planning and Investment Management: As a leading provider of cross-border tax and wealth management services, our in-house specialists can offer a wide range of financial planning and investment management options tailored to your unique needs. We'll help you optimize your financial situation and make the most of your resources.

By choosing our services, you'll benefit from our expertise, extensive network, and commitment to delivering exceptional client support. We strive to be your one-stop shop for all your residency and financial needs in Gibraltar.

If you're ready to embark on your journey to obtain tax residency in Gibraltar or have any further questions, don't hesitate to reach out to our dedicated team. We're here to provide you with personalized assistance and make the process as smooth and stress-free as possible.

If you are a company looking to redomicile or establish yourself in Gibraltar, we are here to provide comprehensive assistance and support throughout the entire process.

Our team specializes in helping companies relocate to Gibraltar, offering a wide range of services tailored to meet your specific needs. With our extensive knowledge of the local business landscape and close connections with leading accountancy and legal practices, we can ensure a smooth and successful transition for your company.

When you choose to work with us, you can expect a complete service that covers all aspects of company relocation. Our in-house experts will guide you through the necessary legal and regulatory requirements, ensuring compliance with Gibraltar's business laws. We will handle the paperwork, facilitate the re-domiciliation process, and provide ongoing support to ensure a seamless transition.

Additionally, we understand the importance of taking care of your employees during the relocation process. That's why we can help you establish retirement benefit schemes, income protection plans, private medical insurance, and other employee benefits. Our goal is to create a supportive and attractive environment for your executives and staff.

With our comprehensive range of services, you can trust us to handle all the details of your company's re-domiciliation or establishment in Gibraltar. We are committed to delivering high-quality solutions and ensuring your success in this new business venture.

Contact us today to discuss your company's needs and how we can assist you in your journey to relocate or establish yourself in Gibraltar. Our dedicated team is ready to provide personalized support and guidance every step of the way.

Our Gibraltar residency service is not restricted to British nationals. We are pleased to assist clients from all around the world who are interested in the advantages of residing in a tax-friendly jurisdiction.

Whether you are a British national or a citizen of any other country, our team is well-equipped to guide you through the process of obtaining Gibraltar residency. We have extensive experience working with individuals from diverse backgrounds and can provide the necessary expertise to help you achieve your residency goals.

Gibraltar offers a range of benefits for residents, including favourable tax regulations, a stable economy, and a high quality of life. Our residency service is designed to help individuals and families from all nationalities take advantage of these benefits and enjoy the unique opportunities that Gibraltar has to offer.

We understand that each client's situation is unique, and we will tailor our services to meet your specific needs and circumstances. Our team will assist you with the necessary documentation, application process, and any other requirements to ensure a smooth and successful residency application.

If you are considering moving to Gibraltar, regardless of your nationality, we encourage you to contact us today. Our dedicated team is ready to provide personalized advice and assistance, helping you make the most of the opportunities available in this tax-friendly jurisdiction.

Summary

In conclusion, planning on moving to Gibraltar as a British expat involves several important considerations. Seeking professional advice for financial planning, tax optimization, retirement planning, and wealth management is crucial to ensure a smooth transition and secure your financial future. Understanding the residency requirements, tax advantages, investment opportunities, and documentation needed is key to making informed decisions. By working with knowledgeable advisors who specialize in Gibraltar's financial landscape, you can tailor your financial plans to suit your specific needs and maximize the benefits of relocating to Gibraltar. With careful planning and expert guidance, you can confidently embark on your journey as a British expat in Gibraltar and enjoy a prosperous future.

Talk to Us

Speak to our professionally qualified relocation experts about moving to Gibraltar and how to save taxes in Gibraltar. Specialists in how to get residency in Gibraltar.

You can call for advice on Tel: +44 207 998 0570 or email connect@fwm.gi