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Why Gibraltar as a Jurisdiction?

February 2010 - Corporate & Commercial. Legal Developments by Hassans.

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The Rock's attractions as a place to conduct international business or establish company structures have been enhanced in recent years by several developments – a warmer relationship with neighbouring Spain has been established and talks on closer cooperation at several levels continue; a new constitution is in place that, while retaining Gibraltar's ties with Britain, gives the Rock greater autonomy; and a glowing report by the International Monetary Fund (IMF) lauding the high standards of the jurisdiction's regulatory regime was issued at the end of May 2007.

Add to these factors the transposition in Gibraltar legislation of several important EU Directives – including the Parent/Subsidiary Directive and those relating to passporting of financial services – and the equation for safe and successful growth is strengthened.


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