Gibraltar: Offshore Investment
There is a lively investment management sector in Gibraltar, with about 20 licensed portfolio management firms. Assets under management totalled £9.2bn as at end of March 2011. Many of the banks in Gibraltar also offer investment management services, and there are also independent stockbrokers. The investment fund sector is regulated under the Financial Services (Collective Investment Schemes) Regulations 1992, as amended.
Investment funds in Gibraltar are usually formed under a trust deed either as unit trusts or mutual funds, or under the Companies Ordinance as private or public companies. Non-resident holders of units or shares in funds held under trust will receive distributions untaxed.