Gibraltar: Efficient Tax Residence for High Net Worth Individuals

The moderate climate, Mediterranean lifestyle and Gibraltar’s reputation as an established finance centre, attracts ordinarily resident individuals and High Net Worth Individuals (HNWIs). HNWIs can establish an efficient tax residency in Gibraltar which caps that individual’s tax liability.

Europa Trust Company can assist you or your clients to make the applications, find a suitable property and meet the Finance Director’s requirements. We can also facilitate the physical relocation of clients and their family.

HNWIs can establish an efficient tax residency in Gibraltar which caps that individuals tax liability.

Tax

Tax is applied to the first £80,000 of taxable income only. The minimum amount of annual tax payable is £22,000, or £1,833.33 for each complete month or part month for which the status is in force. The maximum is approximately £30,000 (or £2,500 per month or part month).

Family

The spouse or child of the individual may elect to benefit from the terms of the individual’s status.

Length of Stay

There is no specific legal requirement as regards the length of stay in any particular year.

Property Requirement  

The individual is required to either purchase or rent a property in Gibraltar and have it available for his or her exclusive use throughout the year. The accommodation must be of a certain standard appropriate to sustaining the lifestyle of a wealthy individual….

Click here to read more about efficient tax residence for High Net Worth Individuals.

Click here to read about efficient tax residence for High Executives Possessing Special Skills (HEPPs)

Have You Visited the NEW Europa Trust Company Ltd Website?

Earlier this month Europa Trust Company Ltd launched its new website.

The new website retains the same quality and standard of informative excellence as before, but now expands on the services offered and provides an increasingly global clientele with a richer and more detailed understanding of what can be achieved with business and family structures .

The site highlights the firms longevity and success to being committed to the purist principles of independence, trust and integrity, focus and social responsibility.

Click here to visit our new website.

Working with Europa Trust  Company Ltd

Europa Trust Company Ltd is part of the Europa Group. We have been based in Gibraltar for 32 years and have built a reputation as a stable and reputable business.

We provide a comprehensive range of company and trust formation and management services including company and trust administration, corporate directors, shareholders and secretaries, accounting, marine registration and other associated services.

Our clients are an eclectic mix of international executives, authors, sportsmen, corporations, wealthy individuals, families and many more. Their individual interests and needs are at the centre of our focus.

Each client benefits from the experience and multi-jurisdiction knowledge of a dedicated Europa Trust Company Ltd professional. Europa Trust Company Ltd is able to work in over 31 jurisdictions around the World.

We are licensed and regulated by the Financial Services Commission and ISO 27001 (Information Security Management Systems) and ISO 9001 (Quality Management Systems) certified.

Contact us today to find out how we can help you.