Tax Exempt Companies

In accordance with the Companies (Taxation and Concessions) Ordinance, companies formed in Gibraltar may apply for exemption from Gibraltar taxes under a special 'exempt' status provided:-

• The company has a minimum issued capital of o100 all of which has to be issued.
• No Gibraltarian or resident of Gibraltar own shares in the company either directly or beneficially.
• The company does not carry on business or trade with Gibraltarians or residents of Gibraltar (except other exempt companies).
• No beneficial ownership of the shares of the company are transferred without the approval of the Financial & Development Secretary. Nominee shareholders may be used.
• A minimum of one director is appointed who may reside in or outside Gibraltar and who may be a body corporate. Board and shareholder meetings, including A.G.M.s, may be held anywhere.