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Category 2 Individual Status is available to all non-Gibraltarian individuals who establish a residential address in Gibraltar, have not been ordinarily resident in Gibraltar during the preceding 5 years, and do not derive any income from Gibraltar sources other than from Gibraltar Tax Exempt Status companies.

Following the introduction of the Experienced Investor Fund regime (EIF) a couple of years ago there has been a substantial growth in the Gibraltar funds industry.

Gibraltar is one of the several domiciles that provides for protected cell companies (PCC). It is interesting that while the PCC was initially developed for the captive insurance industry it has now also become a popular method of structuring hedge funds, property funds and private equity funds.

The development of Gibraltar's offshore trust business has been linked with the growth in its importance as a banking centre for private clients.

However, the trend has been for an increasing number of countries worldwide to introduce procedures for the Re-Domiciliation based on reciprocity. As a result, not all of the territories falling into the categories listed above will, in practice, accept the Re-Domiciliation of their companies to Gibraltar without there being a reciprocal measure entered on the Gibraltar legislation.

Suppose Spanish exporter (a) sells to Hong Kong importer (b) at $100. And suppose the exporter is running a very profitable business. His taxes in Spain will be very high. In order to reduce the amount he would need to pay in taxes, the exporter could make the profit in Gibraltar rather than in Spain.

The concept of a Trust was first used in Anglo Saxon times and is an arrangement whereby property is transferred from one person or corporation (the Settlor) to another person or corporate body (the Trustee) to hold for the benefit of a specified list or class of persons (the Beneficiaries). A Trust is not a corporate vehicle, joint venture or Partnership. It is an equitable arrangement between the Settlor and the Trustee represented by a set of instructions.