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Gibraltar: Efficient Tax Residence for High Net Worth Individuals

Europa Trust Company Ltd
20 March, 2017

The moderate climate, Mediterranean lifestyle and Gibraltar's reputation as an established finance centre, attracts ordinarily resident individuals and High Net Worth Individuals (HNWIs). HNWIs can establish an efficient tax residency in Gibraltar which caps that individual's tax liability.

Europa Trust Company can assist you or your clients to make the applications, find a suitable property and meet the Finance Director's requirements. We can also facilitate the physical relocation of clients and their family.

HNWIs can establish an efficient tax residency in Gibraltar which caps that individuals tax liability.

Tax is applied to the first £80,000 of taxable income only. The minimum amount of annual tax payable is £22,000, or £1,833.33 for each complete month or part month for which the status is in force. The maximum is approximately £30,000 (or £2,500 per month or part month).

The spouse or child of the individual may elect to benefit from the terms of the individual's status.

Length of Stay
There is no specific legal requirement as regards the length of stay in any particular year.

Property Requirement
The individual is required to either purchase or rent a property in Gibraltar and have it available for his or her exclusive use throughout the year. The accommodation must be of a certain standard appropriate to sustaining the lifestyle of a wealthy individual...

Click here to read more about efficient tax residence for High Net Worth Individuals.

Click here to read about efficient tax residence for High Executives Possessing Special Skills (HEPPs)

Tags: Euro

About the Author

Europa Trust Company Ltd

At Europa, we provide bespoke company and fiduciary services to individuals, families, businesses and intermediaries at competitive professional rates. We can deliver and manage on a daily basis simple or complex corporate and trust structures in virtually any jurisdiction. Our extensive expertise and understanding of each structure's individual requirements is matched by a wide range of supporting services. www.europa.gi


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