Category: Articles

“The times, they are a-changing”

By Louis C. Montegriffo, Managing Director, BMI Group Or are they?? Don’t panic people, I am not about to take issue with civil rights movements, although to be fair, we could do with our own version of Bob Dylan singing…

New EU VAT rules causing concern

Local suppliers of electronic services are facing higher operating costs and a great deal of uncertainty as a result of new EU-wide rules on Value Added Tax (VAT), as business representatives discovered in early October when they joined a round…

Ready, Steady, Start-Up!

Eran Shay is the managing director of Benefit Business Solutions Ltd, a Gibraltar registered company that specialises in jumpstarting new businesses, through business plan preparation, market surveys, valuations, capital raising and outsourced CFO services. The company also provides local agent…

Balancing benefits and risks for supporting crypto currencies

With security, regulation and taxation issues to be considered, Gibraltar’s government is debating whether it should provide a home for rapidly growing virtual currencies, like Bitcoin. After UK Chancellor of the Exchequer, George Osborne, last summer prompted a Treasury investigation…

Motor rates to harden amid insurer woes

The UK personal motor market returned to underwriting profitability in 2013 for the first time in at least a decade, but this position is deemed unsustainable without price increases writes Saxon East and Ben Dyson from the Insurance Times Personal…

AIFMD – One Year On

Adrian Hogg is a director of the Grant Thornton Gibraltar Group of Companies. He is a former GFIA Chairman and a specialist in investment business with over a decades experience involving various investment business structures in Gibraltar and the Caribbean…

Capitalising on EU

Gibraltar will have been represented at nine major funds events in seven international cities in 2014 – twice the number attended last year – to promote the jurisdiction as the best EU-gateway to Europe with rapid regulatory approval of funds…

New ventures to meet growing need

Gibraltar International Bank (GIB), being launched by the government to provide competition and facilities in the wake of closure of a local high street bank, has been provided with £25m initial capital. That implies GIB has potential to lend £160m…

Legal action to counter new UK gaming measures gains government support

Some 240 eGaming representatives – gaming companies, suppliers, government departments, accountants and lawyers – attended the 4th KPMG eGaming Summit at the Sunborn Yacht Hotel, Gibraltar in April to gain an industry up-date from the Regulator, hear of jurisdiction’s progress…

Insurance growth looking to cover Europe

Diversification of Gibraltar’s insurance industry, with an emphasis on European expansion, forms part of an ambitious plan to further grow the sector as a major constituent of the jurisdiction’s finance centre Gibraltar’s insurance sector has seen huge success in recent…