Lowtax.net's team of experienced writers and editors has worked
with ten of the top professional and IT firms in Gibraltar to produce
this detailed and highly practical report on the how and why of
setting up an e-commerce operation in Gibraltar.
The report has
100 pages and is available in hard copy or electronically:
as an online resource, a downloadable Word file or a downloadable
pdf file.
For many types of business,
offshore e-commerce is one of most important new opportunities
to emerge in the last few years, and Gibraltar has been
one of the first offshore jurisdictions to welcome e-business.
But just how easy is it to
set up an e-commerce operation in Gibraltar? How supportive
is the Government and how efficient is the business infrastructure?
Here to help you are facts, tips and suggestions we've assembled
from Gibraltar's legal, finance and IT professionals. Using
an effective Q & A format, the report guides you step-by-step
through the process of setting up an e-business in Gibraltar.
The report is assembled
around two in-depth case studies based on the experiences of one
established company and one start-up as they plan and implement
a Gibraltar-based strategy.
Decisions, decisions . .
Both firms face a host of tricky
decisions in the run-up to starting work offshore: which offshore
jurisdiction to choose? what to move offshore and what
to keep onshore? what type of company to set up? what should
the ownership structure be? where to source 'functionality'?
build it, buy it or 'ASP'
it? where to get the staff? how to choose an Internet host?
which banks to choose for payment processing, commercial services
and, eventually,
distribution of profits?
Our report dissects each of these
issues, mapping out the work you need to do to reach considered,
robust conclusions:
Jurisdiction - structure -
taxation The process
that led to the choice of Gibraltar; making sure that the reporting
and regulatory regime is straightforward; picking your way through
the taxation minefield to arrive at a tax-efficient ownership
and corporate structure making due allowance for Controlled
Foreign Corporation rules and EU taxation including VAT; the
choice between a 'no tax' exempt company and a 'low-tax' qualifying
company
Gibraltar Fact-File All
you need to know about the business and e-commerce environment
in Gibraltar - telecommunications - dealing with the local bureaucracy
- the real estate market - financial services - the drafts of
Gibraltar's e-commerce legislation
Staff Incoming
firms have to consider the cost and availability of staff; but
there are concessionary tax regimes for expats
Web-Site Hosting and Technical
Issues How much technical
support can you find locally? What are the hosting options:
shared web-space? managed servers? co-location? leased line
v dial-up? Platform issues: NT/Unix/Linux? Integration with
backend systems; bandwidth and network considerations; security
aspects; maintenance arrangements. Future-proofing: WAP? Your
techies will want all this stuff!
Payment Processing; Merchant
Accounts How should firms,
which may or may not have existing merchant accounts, solve
the payment processing issues from Gibraltar? We look at the
need for multicurrency and the VAT issues. Which bank will be
best in Gibraltar? Can one bank handle everything including
lending and investing money, commercial transactions, payroll
etc as well as payment processing?
One Year On . . .
We re-visit our two subject firms
a year after they moved to Gibraltar and ask: how has it been?
how much did everything cost? what were the problems? what would
they have done differently? Based on their experiences, we examine
the advantages and disadvantages of setting up in Gibraltar, and
pose the $64,000 question: is the tax structure working out as
planned?
The Lowtax Gibraltar Report consists
101 Pages, costs £75 ($125)
If you're thinking about offshore
E-Commerce, you need to read it.
