Category 2 Status In Gibraltar

Update, November 2026. The figures in this article have changed. Following changes announced by HM Government of Gibraltar on 18 June 2026, a new Category 2 applicant must have a net worth in excess of £5 million and pays an application fee of £5,000; existing Category 2 individuals are fully grandfathered. A Category 2 individual is taxed on the first £118,000 of assessable income, with a minimum annual tax of £37,000 and a maximum of £42,380. The current position is maintained at https://www.gibraltarlaw.com/expertise/private-client/category-2-status-in-gibraltar/.

Introduction

Gibraltar, strategically located at the southern tip of the Iberian Peninsula, combines the Mediterranean climate and lifestyle alongside an advanced, leading international finance centre with a favourable tax regime.