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| Very few finance centres in the world can offer the lifestyle Gibraltar does. Situated at the gateway to both the Mediterranean and the Atlantic, with a land border to Spain and yet only 15 km by sea from Morocco, its geographical location makes Gibraltar one of the most exciting destinations of its kind. Blessed with 300 days of sunshine every year, steeped in history and with a sound British parliamentary system and well regulated financial administration it attracts the discerning investors from around the globe taking advantage of securely sheltered assets whilst enjoying many a round of golf in one of the magnificent facilities nearby. Taking advantage of a fiscal freedom unique in Europe has never been so relaxing. Add to this the luxury of any of the outstanding residential developments and you will benefit from a lifestyle which will reap golden personal and financial rewards |
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PRIVILEGED STATUS
QUALIFYING (CATEGORY 2) RESIDENCE IN GIBRALTAR |
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| Introduction By obtaining this form of tax residency in Gibraltar, you can avoid being considered a tax resident in another higher tax jurisdiction. Advice should always be taken from an accountant or tax adviser in your current country of residence. In essence, in order to be eligible for Category 2 Residence, you must be able to show two things: (1) that you have assets worth in excess of £2 Million (this can include property and shares) and (2) that you have approved residential accommodation in Gibraltar available for your exclusive use. Proof of Wealth Bank statements or letters from your bank manager or accountant would be acceptable as proof of your wealth. If you want to use non-monetary assets, then certified copies of title documentation and valuations from an accountant, surveyor or other qualified persons will be required. Approved Property You can either buy or rent a high quality property and this must be done within 2 months of Category 2 Status being granted. Rentals normally range from £1,500 to £2,500 and purchases as from around £250,000. Taxation The limits of taxation as from July 2006 are from £14,000 to £22,000. This is the first increase in over 10 years and no further ones are expected in the near future. The tax year starts in June so for the first year you will only pay tax proportionate to the number of months in the tax year for which you have held the Certificate. |
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| INVESTMENT Property Development and Investment Projects Should you wish to invest in exclusive large scale property development in existing as well as in emerging markets, or participate in funds investing in New Technologies, you can watch your assets grow into Low Tax or No Tax Profits. Our Specialist Deal Broker will be pleased to advise you without compromise, and soon you may benefit from a privileged portfolio available only to a few. |
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