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ARTICLE · 09 JUNE 2009

Why Take Up Residence In Gibraltar?

Gibraltar offers compelling tax advantages to High Net Worth Individuals via the opportunity to take-up Category 2 Status.

GibraltarWealth Management
Joseph Triay
Joseph Triay

Gibraltar offers compelling tax advantages to High Net Worth Individuals via the opportunity to take-up Category 2 Status. Category 2 Status offers individuals the ability to limit their tax liability to a maximum of (approx) £23,000. Given Gibraltar's enviable position on the entrance to the Mediterranean, its British heritage and easy accessibility there are compelling reasons to consider the opportunities Gibraltar presents.

RESIDENCE & TAX

Every jurisdiction applies its own particular rules to determine an individual's country of residence. In fact choosing your country of residence is, from a tax planning point of view, the most important decision you will ever take because this will determine not only the country which is entitled to tax you but also, in many cases, the system of taxation which will, thereafter, apply to you. It is obvious therefore that a person who is about to engage in any tax planning or re-structuring of his private affairs will have to

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