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Gibraltar: Business Environment

Trust Management Sector

Trust management, particularly for wealthy UK individuals, has been a traditional business for Gibraltar. Successive tightenings of UK anti-avoidance legislation have reduced the possibilities for UK citizens, but trust work continues to be significant; many Collective Investment Funds are of course based on Trusts.

Gibraltar has a well-developed legal and financial infrastructure for trust management. With a large established base of trusts, and a growing reliance on corporate work, the volume of trust litigation is becoming significant.

Trustees, if they are not already members of the accounting or legal professions, must be licensed by the Financial Services Commission, which applies a number of criteria to determining whether a person or a company is 'fit and proper' to have a license.

Click on Formation of Trusts or Taxation of Trusts for further information.



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