Gibraltar: Business Environment
The legal market for offshore work is dominated by just a few large local firms, although overseas firms have established local offices. All the largest international accountancy firms are also represented in Gibraltar.
Lawyers are not permitted to work on a contingency fee basis.
Accountants and auditors in Gibraltar are almost in their entirety members of the Institute of Chartered Accountants in England and Wales or the Association of Chartered Certified Accountants of the United Kingdom and are therefore able to provide professional services of a standard equivalent to those existing in the United Kingdom. Most international accounting firms are represented in Gibraltar either through member firms or associated practices which also helps maintain a high quality standard of work.
The Gibraltar Society of Accountants (GSA) formerly known as the Gibraltar Society of Chartered and Certified Accountancy Bodies (GSCCAB) has over 100 members in practice or in commerce and industry. The members of the GSA are almost all members of the Institute of Chartered Accountants in England and Wales or the Association of Chartered Certified Accountants of the United Kingdom.