Introduction
In Gibraltar this form of residence is popularly known as
Category 2 Residence. This enables a non-Gibraltar resident to
obtain tax residence in Gibraltar avoiding thus paying personal
taxes in his/her own higher tax jurisdiction.
In order to qualify for Category 2 Residence, it is
necessary to establish two things: (1) ownership of assets,
which can include property and shares, worth in excess of
£2 Million and (2) the availability to the applicant of
approved residential accommodation in Gibraltar for his/her
exclusive use.
Proof of Wealth
Bank statements or letters from a bank manager or accountant
are acceptable as proof of wealth. Non-monetary assets such as
shares and property are acceptable upon production of suitable
documentary evidence of value such as an accountant's
valuation or surveyor's report.
