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ARTICLE · 02 JULY 1998

The European Insurance Centre - Applicable Legislation And Regulations

GibraltarEnvironment
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The Insurance Companies Ordinance 1987 and supporting Regulations.

DOUBLE TAXATION TREATIES

- None.

SUPERVISORY AUTHORITY



The Gibraltar Financial Services Commission.

REGISTRATION AND INCORPORATION FEE



  • Annual Filing Fee of £26.
  • Application Fee £500.
  • Annual Fee £2000.

INVESTMENT RESTRICTIONS



Admissibility limits based on UK practice.

CAPITALISATION



Minimum of £1,000 at incorporation. Minimum Guarantee Fund to be in accordance with EU requirements;

  • Life Business ECU800,000
  • Non-Life ECU200,000 to ECU400,000 according to classes undertaken.

LOCAL TAXES



3 Options available:

  • Nil tax subject to payment of £225 Exempt Company Fee;

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