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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;