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ARTICLE · 03 JULY 2020

A Forward Look At A Forward-looking UK Budget For Gibraltar

ISOLAS LLP
ISOLAS LLP
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ISOLAS LLP

ISOLAS LLP

ISOLAS is a leading international law firm with its headquarters in Gibraltar. Established in 1892,...

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Much about the way business is done has changed since the budget a few months ago, and it would be easy to overlook the structural changes announced.

GibraltarFinance and Banking

Much about the way business is done has changed since the budget a few months ago, and it would be easy to overlook the structural changes announced.  But at a time when the growth of our economy is more crucial than ever, it is important to look at what impacts some measures in the budget could have.

In this year's UK budget, chancellor Rishi Sunak announced a review of the UK funds regime in order to explore the attractiveness of the UK as a base for asset management.

It is crucial, today more than ever, for jurisdictions to adopt forward-looking and progressive attitudes in order to remain competitive. And Gibraltar, which has long been acknowledged as a pioneering and trailblazing financial centre, (just look at our Distributed Ledger Technology regulatory framework as an example of this) continues to ensure that its funds regime remains ahead of the curve.

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