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| Gibraltar
As An Insurance Company Location |
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A
insurance company in Gibraltar may be established within a beneficial
low taxation regime.
There is no capital gains tax, estate duty or VAT in Gibraltar.
Gibraltar has no regulatory restrictions on the type of insurance
the company is involved in and therefore can write direct, reinsurance
and third party business.
Part of the British Commonwealth.
Access from British airports (several flights daily from Luton
& Gatwick), only two and a half hours away, good climate,
Common Law and good services in general.
Well established supervisory body (Financial Services Commission)
and Insurance Companies Ordinance 1987.
Competitive Registration and Corporation costs.
Approximately, a four-six months establishment period.
The official currency is Sterling and there are no exchange
controls.
Gibraltar is an unique financial jurisdiction because of its
position with the European Community. The new EEA laws have
been implemented on the basis of meeting the requirements of
the harmonisation of insurance law, but the existing tax free
status of exempt insurance companies has been maintained. Therefore
insurance companies based in Gibraltar are able to take advantage
of the freedom of services legislation, and issue insurance
direct throughout the Member States.
Gibraltar has a strategic location at the entrance to the Mediterranean,
and is within the Central European Time Zone. |
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