Becoming a Gibraltar Resident.
If you are one of the many thousands of Britons considering moving to a more favourable tax regime to escape the increasingly higher burden of taxes falling on employees, business owners and those able to live off their invested wealth then you might well want to take a look at the benefits of moving to Gibraltar.
Gibraltar provides a unique offering for high net worth individuals seeking to establish residency. Enjoying a Mediterranean climate and situated at the most southerly point of the Iberian Peninsula this self governing British overseas territory has a robust and diversified economy and has emerged as a leading international financial centre within the European Union, complying with all EU directives and Regulations. Gibraltar has replaced its former tax exempt regime with an internationally competitive tax model and with its new fiscal regime it is fast becoming a favoured jurisdiction for businesses and ‘fiscal nomads’ looking for legitimate ways to lower their tax bill in a properly regulated environment.
Having signed eighteen TIEAS and been white listed by the OECD Gibraltar has clearly made the transition from offshore tax haven to mainstream European financial centre over the last few years.
Gibraltar Residency – Which option do you prefer?
| UK | GIBRALTAR – CATEGORY 2 | |
| Highest rate of tax 50%. | Min.Tax£22,000 Max.Tax £29,880 | |
| Most savings taxed at highest rate. | No savings tax. | |
| No wealth tax. | No wealth tax. | |
| Pensions taxed at highest rate. | No tax on occupational pension schemes. | |
| Max. 32.5% | No tax on dividends. | |
| VAT 20% | No VAT. | |
| IHT at 40% on assets >£325,000 | NO IHT. |
Are you a UK resident paying 50% tax on your earnings, VAT at 20% and have a 40% inheritance tax liability on all of your assets over £325,000?
Have you considered the potential benefits of taking up residency in Gibraltar on a “category 2” status?
It’s not just the wealthy who can benefit. Are you aware there is a flat corporate tax rate of 10% for businesses? And there is an attractive tax rate for highly skilled executives (HEPSS) moving to Gibraltar to work as well as a special tax status for those likely to have retired and living off pension and investment income which we have coined “self sufficiency” status?
If you are considering changing residency or have clients, individuals or businesses looking to exit the UK please contact us on +350 200 50982 or email wealth@fiduciarywealth.eu or visit our website www.fiduciarywealth.eu
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