Gibraltar is a small British overseas territory located on the southern end of the Iberian Peninsula at the entrance of the Mediterranean.
Total area of the country is 6.8 square kilometers. Population is 32 thousand people.
Local currency – GBP.
Gibraltar has signed Hague Convention in 1961, all the documents issued in the country can be certified by Apostil.
Gibraltar has no Double Taxation Treaties signed. However Gibraltar has exchange of information relationships with 27 jurisdictions through 0 DTCs and 27 TIEAs.
Gibraltar is not included in “black list” of FATF.
Benefiting from a stable and growing economy and a favourable tax regime, Gibraltar has established itself as prosperous financial centre. Being a member of EU, Gibraltar can offer tax heaven advantages for companies that are registered as non-residents, including easy access to the EU financial markets. Gibraltar is one of the most attractive European offshore jurisdictions with its political stability, robust commercial and professional infrastructure.
Have the Many Benefits of Offshore Banking Left the Industry Open to Abuse?
The overseas banking industry is a billion-dollar business. Its no surprise that during the last decade, criminals have discovered ways to circumvent and exploit the system, ultimately giving the offshore world a bad reputation. This article looks at the many benefits associated with overseas banking; and how this has left the industry open to abuse.