Law and Taxation in Gibraltar
You do not need to hire two law firms, in Spain and Gibraltar.
Practitioners in Gibraltar work closely together, joining forces to provide a professional and well-rounded service.
The law of Gibraltar is a combination of common law and statute, and is based heavily upon English and EU Law.
The purpose of the last law revision was largely to bring our company law in line with the requirements of modern day practice, but also to streamline the regulation of companies.
The new Act incorporated a number of additions and amendments including the codification of processes that were already happening in practice, provisions equivalent to those in the 2006 Companies Act, together with EU Directives.
The main types of companies that are incorporated or registered in Gibraltar are private limited companies and companies registered under Part XII or XIV of the Companies Act.
The majority of companies that we look after are private limited companies as this is the most commonly used vehicles to hold assets or carry on business.
If a foreign company establishes an operation in Gibraltar, if it is the case presented, by a subsidiary in Gibraltar from the company based in Uk or elsewhere, it need to be registered in Gibraltar previous to any action.
And the entity would need to be registered in accordance with the Companies Act.
In your case we must comply with the conditions for registration of a new company set up, a branch from the Spanish, and this would be applicable where the entity is incorporated outside of the United Kingdom and Gibraltar and has a branch in Gibraltar. If this does not apply, it can register under Part VII and would be known as ‘an overseas company’.