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Gibraltar Company Formations

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Gibraltar islinked to Spain by a narrow peninsular and is approx 7 sq km in area . It is aBritish Crown Dependency, but like the Isle of Man and Jersey, it has its ownelected house of assembly. The UK is responsible for its defence and foreignaffairs. Relations betwen Spain and the UK have sometimes been strained overGibraltar.Gibraltar becamepart of the European Union when  itjoined as a UK dependent territory, but is exempt from the provision of  VAT (Value Added Tax) and CAP ( CommonAgricultural Policy ).

The population isapprox 30,000, the currency is GBP or the Euro and the official language isEnglishThe beneficialowners of a non resident Gibraltar company may remain confidential under certain conditions such as shareholdersbeing corporateIt has no doubletaxation agreement. Shelf companies are also available.Here are some ofthe features of an Non Resident Gibraltar company

Minimum subscribed members  one
Minimum number of directors  one
Need for directors to be locally based    no, corporate director available
Company Secretary Requirement   Yes and must be local
Usual  Authorised Share Capital       GBP 2000
Paid up Share Capital requirement  GBP 1
Corporation Tax   NIL
Government Fee    GBP 200
Accounts Required   Yes
Requirement to file accounts   Yes
Audit Required      Yes but small exemption applies
Annual Return          Yes

                                             We at RoyalCompany Formations would be happy to assist you in all your Corporate needs inGibraltar
 
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