Corporate Governance 2023

Law and Practice

1. Introductory

1.1 Forms of Corporate/Business Organisations

Corporate vehicles in Gibraltar may take various forms. These include:

• foundations;
• limited partnerships;
• protected cell limited partnerships;
• limited liability partnerships;
• companies limited by guarantee (with or without a share capital);
• companies limited by shares;
• protected cell companies; and
• unlimited companies.

As each form of corporate vehicle contains its own unique set of characteristics, the most suitable vehicle for a particular use-case will depend on various factors, such as the nature of the underlying business activity or reasons for the establishment of the vehicle (eg, asset protection or succession planning).