About Gibraltar

Gibraltar is part of the European Union and is one of fourteen British Overseas Territories.  Gibraltar has strong links with the UK albeit has its own constitution and own fiscal independence.

It is approx 2.5 sq miles in size and has a population of nearly 30,000 although this increases by up to 5,000 each day as workers commute in daily from Spain.

Gibraltar has its own airport from which one can fly direct to Gatwick, Heathrow, Luton, Manchester, Madrid and Barcelona. 

The currency is £ sterling, interest rates are set by the Bank of England, the law is based upon UK law and many well known UK high street brands are here, for example: Marks and Spencer; Morrisons; Next; Mothercare; Top Shop; BHS; Oasis; Monsoon etc.

Gibraltar’s economy is outperforming much of the rest of the EU.  This is in part because it is based upon low taxes:

•  10% corporation tax
•  No VAT
•  No capital gains tax
•  No wealth tax
•  No inheritance tax
•  35% highest rate of income tax (special low rates for high net worth individuals or employees possessing specialist skills)

Indeed, GDP growth in 2008 was 8% and is forecast to be 6% in 2009 – this compares to negative growth across much of the EU.  The number of jobs has grown year on year and exceeded 20,000 for the first time in early 2009.

As a member of the EU, companies may passport their services to the 450 million potential customers across the EU from Gibraltar.  This has led to a vibrant financial (especially insurance and funds) sector in Gibraltar monitored by the Financial Services Commission.

A consequence of the above is that the increased demand on the limited space within Gibraltar is maintaining property prices in the residential market (compare with falling prices elsewhere in the EU) and driving up prices in the commercial sectors.

In addition to the retail sector, Gibraltar is home to an ever increasing number of international companies including:

KPMG PWC Deloittes Baker Tilly Grant Thornton RBS NatWest Barclays Credit Suisse SG Hambros Lloyds Jyske Bank PartyGaming 888.com 32red Victor Chandler William Hill Ladbrokes Capita Hassans Cammell Laird

Gibraltar also boasts a climate averaging 320 sunny days a year, easy access to Spain (40 golf courses within an hour’s drive of the border), virtually free of serious crime and a wide variety of religions existing harmoniously in an integrated and friendly environment.

Education in Gibraltar is of a high standard and carried out in English to the UK schools curriculum standards. A particularly high percentage of students in Gibraltar enjoy entrance to the UK universities for their further education.

Gibraltar is a truly multi cultural society as demonstrated by the many places of worship. There are two cathedrals, a further 13 churches, 5 synagogues, a Hindu temple and a breathtaking mosque donated to the Muslims of Gibraltar by the Saudi Royal Family – all to serve a population of 30,000.

There are many reasons to take advantage of what Gibraltar has to offer, and we believe we are best placed to help you achieve this.