Super User

Posted by Super User

Quisque sollicitudin ante vel nulla bibendum varius. Praesent lobortis felis erat, id sagittis quam mollis ac. Aliquam erat volutpat. Integer at tellus bibendum, consequat turpis ultricies, facilisis lectus. Mauris iaculis quam dolor, id commodo lacus viverra eget. Nulla porttitor est placerat lacinia placerat. Class aptent taciti sociosqu ad litora torquent per conubia nostra, per inceptos himenaeos.

3 people desk.jpg

Offshore Payroll Services

On many occasions the desired route for contractors, consultants, engineers, IT professionals, airline pilots, architects, website owners and other expatriate workers is to register as self-employed in the country where they are located for the majority of the year.

This could lead to the over payment of tax and cumbersome recording of the number of days spent in various countries. Long term solutions could legally save you or your company £10,000's per annum.

Personnel at AMP & Partners have years of experience in managing complex payroll schemes for individuals, trusts and companies. We can provide free advice on how best your offshore payroll may be operated to suit your needs.

This may involve some corporate re structuring and the negotiation of new personnel contracts. We now have specialist expertise to cater for the needs of UK based and International Contractors where in many cases we can process the payment of the contract, with minimal taxation. Read More .

Please contact us for further information, rates and quotations.Or you can call our UK number on +44 (7) 989 100 500 or in Gibraltar +350 200 42563 or write to us by e-mail.

 

 

roulette wheel red 115.115.jpg

 

 

 

Victor-Chandler

UK and international
clients save on
betting taxes

 

 

 

 

 

 

100,000+ Companies

Successfully  trade in
Gibraltar, year on year.

Gibraltar, Europe's leading e-commerce centre

Gibraltar has an 'onshore' tax structure quite similar to that of the UK so far as income and corporation tax is concerned, although there are no capital gains or inheritance taxes. However, as long as a company does not do business locally (i.e, have transactions with local residents) it can use the provisions in the non-resident company legislation to allow the company to be exempt from income and withholding taxes. Gibraltar, rightfully claims to be one of the leading e-commerce jurisdictions in Europe. As far back as in 2001, Gibraltar passed its first legislation specifically designed to attract e-commerce businesses.

Why Re- Locate your website to Gibraltar ?

If you are starting a new business or your business is international in nature, you can save on income taxes by re-locating your website to Gibraltar. Existing and new clients contacting you via your website will be making the point of sale in Gibraltar and these sales will not be subject to income tax in Gibraltar. If your website is owned by a 'carefully and properly structured' Gibraltar non-resident company, then the company will not be liable to pay any taxes in Gibraltar or in your home country.

Websites located in Gibraltar can carry out the same functions as previously carried out, when they were based in high-tax jurisdictions such as real estate, sales, marketing, gaming, membership and financial services. You can set-up an appropriate arrangement with the Gibraltar company to manage the website. If you choose to manage websites from your home country then income received will be taxable at rates applicable in your home country. Employees situated in Gibraltar are subject to income tax if they physically work in Gibraltar. Directors, Agents and Managers working outside of Gibraltar are not liable to pay any taxes in Gibraltar.

Establish your business in Gibraltar for the long-term

Gibraltar has attracted many well-known UK companies who have established themselves in Gibraltar for the long-term. They have chosen Gibraltar in preference to other offshore centres such as Jersey, Guernsey, Switzerland, and Luxembourg. This is because, Gibraltar has good communications, lower costs, and better e-commerce legislation than other jurisdictions. The Gibraltar Government has been very proactive in implementing new legislation.

Victor Chandler was the first of many UK gaming companies who re-located their international operations to Gibraltar. Victor Chandler moved to Gibraltar in 1999 and the Victor Chandler International office now has 350 employees, who provide 24 hour client services in a variety of languages including, Spanish, Chinese, and Greek.

Gibraltar has over 100,000 offshore companies, most of which are involved in international trading or hold assets, such as property, yachts, insurance bonds, stocks and shares. Many companies have international websites located in Gibraltar where they carry out e-services distributing products or services internationally and accumulating profits legally tax-free in Gibraltar. AMP & Partners has the ability to assist you set up a suitable corporate structure, arrange web-hosting and the transfer of your website to Gibraltar. We can also arrange to have a fully qualified IT expert assist you with technical issues.

Contact Us to find out how you can re-locate your Internet business to Gibraltar. 

 

   

 

Panama has the world's largest shipping registry and is a substantial centre for banking. Panama enacted legislation whereby only locally-sourced income is taxed and therefore the country has advantages similar to Offshore Centres. The language in Panama is Spanish and therefore Panamanian Companies are favoured by Spain and Latin American countries. Panama is perceived as a secretive, non-compliant jurisdiction now wishing to clean up a tardy image as a haven for money-laundering

Panama Company taxation

Taxes are only payable if business is carried out in Panama, levied at 30%. Foreign sourced income is Tax exempt. There is no Capital Gains Tax or need for VAT registration for foreign earnings. However, there is a requirement to pay a local annual tax of $250.   Panama was placed on the OECD's 'grey list' of territories which have committed to, but not yet implemented, the tax transparency and information exchange. Panama now has a tax treaty with Mexico and other tax treaties are pending.

Panama regulatory Compliance

Panama has a Registrar of Companies where the articles of Panamanian companies are filed and the names of the directors are recorded. Directors and shareholders may be individuals or Corporations.  There is a requirement to prepare accounts but no requirement to file accounts or an annual return.  A Panama company can change its domicile to another jurisdiction.

Panama Company Formation

AMP & Partners Limited can carry out a name check and initiate the incorporation process for you. Incorporation takes around 7 to 10 days.

Panama Company Structure

A Panamanian Corporation is formed by two subscribers (or nominee shareholders) who sign the Articles of Incorporation (Statutes) before a public notary. The usual amount of subscribed capital is $10,000. All documentation is in Spanish. Several classes of shares are permissible including bearer shares which must be kept in custody and notified to the Company Registrar. Three directors need to be appointed to act as the President, Treasurer and Secretary and named in the articles of the company. AMP & Partners Limited  can provide you with fully insured Nominee directors and shareholders so that your identity can be protected. We will issue you with a Power of Attorney, if required.

Panama Nominee directors, shareholders and Secretary

Unlike most other on-line Formation Agents, AMP & Partners Limited  provides fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Panama Company will be properly formed and delivered to you and managed professionally, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.

Panama Company Names

It is not possible to use the ending "Limited" or "Ltd." For a Panama Company. It is usual to use Corp, Inc, S.A or A.G. There are restrictions on using words in the company name which convey that the business of the company is of a licensed nature, such as Betting, Insurance, Financing, Trust or Banking business.

A Delaware LLC Company if structured as a non-resident company has no USA Tax liability or any requirements to register for tax in the USA. Similar to other Non-Resident corporations Delaware Companies that do not carry out any business in the USA are not required to file US Tax returns. Delaware LLC’s are popular as lightly regulated trading vehicles as there are no annual reporting requirements.

Delaware Company Taxation

There is no requirement for non USA owners and managers of a Delaware company to file or pay any corporation tax in the USA. Taxes are only payable is business is carried out in Delaware. No Inheritance tax is payable on the transfer of and LLC’s shares. There is an annual requirement to pay Franchise Tax to the State of Delaware of $250.  

Delaware regulatory Compliance

Delaware does not have a Companies House and therefore there is no register where the owners or managers of a Delaware LLC need to reveal their identity. The director (manager) and owners (Members) of a Delaware LLC can change without any filing requirements or records being kept by any authority. Managers and Members may be individuals or Corporations. There is also no requirements to file accounts or an annual return.  A Delaware LLC can change its domicile to another state within the USA.

Delaware Company Formation

AMP & Partners Limited can carry out a quick name check for you and initiate incorporation the same day or next day. Incorporation takes just 24 to 48 hours.

Delaware Company Structure

Unlike other Corporations, a Delaware LLC is a Hybrid entity which is company which is structured like a partnership. There is no Certificate of Incorporation but instead a Certificate of Formation. There is an Operating Agreement which governs how the company is run by its members (shareholders) and managers (directors). The Normal authorised share capital is $10,000 but can be any amount. Each member receives a share certificate and is liable for this amount of paid up capital. AMP & Partners Limited can provide you with a fully insured Nominee member and Manager so that your identity can be protected.

Delaware Nominee manager, member and Secretary

Unlike most other on-line Formation Agents, AMP & Partners Limited provides fully-insured Nominee Corporate Director, shareholder and Secretarial services. We guarantee that your Delaware LLC will be properly formed and delivered to you and managed professionally, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.

Delaware Company Names

There is less restrictions and sensitivity in Delaware about using some names which are not permitted in other countries. If you can’t think of a name for your company we can help you and you can still proceed to checkout.

As an international financial center, Hong Kong is favored by worldwide investors due to its established legal system, low taxation rate, excellent communication facilities, and proximity to China. The financial infrastructure of Hong Kong ranks amongst the best in the world on par with London and New York and supports many international companies and is a jurisdiction used widely for tax planning purposes.

 Hong Kong Company Taxation

Hong Kong levies tax at 16.5% on business conducted in Hong Kong itself and therefore any business conducted outside of Hong Kong does not fall under the scope of taxation. No profits from other offshore sources are subject to taxation including dividend income and there is no capital gains tax.

There is a withholding tax levied paid or payable to Hong Kong non residents for rights to use certain intellectual property and royalties. The payer of such Royalties can claim deductions against assessable income. The non resident recipient is not liable to pay any taxes.

Hong Kong has established tax treaties with these countries as follows: Austria - Protocol, Belgium - Final Protocol, Brunei - Protocol, China - Protocol, Hungary - Protocol, Ireland - Protocol, Luxembourg, Thailand - Final Protocol, Thailand - Exchange of Notes, United Kingdom - Protocol, Vietnam - Protocol

Hong Kong Company Compliance

The officers and shareholders of a Hong Kong Company are required to be recorded at Companies House and the annual return filed every year. Accounts are required to be prepared annually, audited and filed at Companies House.  A  Corporate Director is permitted to be a director of a Hong Kong company and a local Company secretary and Registered office must be maintained.  For most of our clients AMP & Partners Limited provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Hong Kong Company remain confidential. 

 

Hong Kong Company Formation

AMP & Partners Limited can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes 7 to 10 days.

Hong Kong Company Structure

Hong Kong company law is based on English Common Law. The Standard Authorised Capital for a Hong Kong Limited Company is HK 1,000. The Hong Kong Registry provides incorporation services under the Companies Ordinance. Memorandum and Articles of Association are filed with the Registry and an incorporation Certificate is issued.

Hong Kong Nominee Director, Shareholder and Secretary Services

AMP & Partners Limited provides fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Hong Kong Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.

Hong Kong Company names

There are restrictions in using names associated with the Government and the Peoples republic of China where special permission is needed. Companies may be formed with Chinese characters but not with a mixture of English and Chinese characters. Companies are Limited, Unlimited or Public Limited Companies and abbreviation of these terms are prohibited.
 

General Requirements

 

  • There should be at least one shareholder and director over 18 years old
  • There shall be at least one Hong Kong permanent resident or authorized Hong Kong company taking the position of legal secretary of the company.
  • The registered address is required to be in Hong Kong
  • Chinese and English names, or single Chinese or English name of the company
  • Copies of ID cards or passports of shareholders and directors

Cyprus whilst being a full EU member and levying 10% Corporation tax on businesses located on the island also makes provisions for non-resident Cyprus companies that pay zero in taxation. As Cyprus has tax treaties with over 40 countries and operates VAT  it is a popular jurisdiction as a holding company for other European corporations. Double taxation agreements vary from country to country but Dividends payable from a Cyprus company to a non-Cyprus resident are tax exempt. A  Cyprus Company that takes advantage of tax treaties is classified as a resident company and therefore is liable to pay 10% Corporation Tax.

Cyprus Company Taxation

Local Cyprus company Corporation tax is 10%. Non-resident Cyprus companies are exempt from all corporate taxes including capital gains including profits from the sale of shares. Cyprus has tax treaties with Armenia, Austria, ,Austria - Final Protocol, Azerbaijan, Belarus, Belgium, Bulgaria, Canada, China, Czech Republic, Denmark, Egypt, France, Germany, Greece, Hungary, India, Ireland, Italy, Kurgystan, Kuwait, Lebanon, Malta, Mauritius, Moldova, Montenegro, Norway, Poland, Qatar, Romania, Russian Federation, San Marino, San Marino – Protocol, Serbia, Seychelles, Singapore, Slovakia, Slovenia, South Africa, South Africa - Final Protocol, Sweden, Syria, Tajikistan, Thailand, Turkmenistan, Ukraine, United Kingdom, USSR, United States, Uzbekistan, Yugoslavia

Cyprus Company Compliance

The officers and shareholders of a Cyprus Company are required to be recorded at Companies House and the annual return detailing any changes is required to be validated every year. For most companies, accounts are required to be prepared annually and filed at Companies House. A Resident Cyprus company is required to file audited accounts. A Corporate Director is permitted to be a director of a Cyprus company. Every Cyprus company must obtain a tax number. For most of our clients AMP & Partners Limited provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Cyprus Company remain confidential.

Cyprus Company Formation

AMP & Partners Limited can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes 5 to 7 days.

Cyprus Company Structure

Cyprus Company Law is based on English law under the 1948 Companies Act. Amendments made in 2003 to the Companies Law as part of the EU accession require Cyprus companies to file annual returns and accounts with the authorities.

Cyprus Nominee Director, Shareholder and Secretary Services

AMP & Partners Limited provides fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Cyprus Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.

Cyprus Company names

Names may be expressed in Greek or any language using the Latin alphabet. The following words will be unacceptable: asset management, asset manager, assurance, bank, banking, broker, brokerage, capital, credit, currency, custodian, custody, dealer, dealing, deposit, derivative, exchange, fiduciary, finance, financial, fund, future, insurance, lending, loan, lender, option, pension, portfolio, reserves, savings, security, stock, trust or trustees.

Malta since joining the EU in 2004 has developed its Financial services industry and enhanced its reputation as a stable offshore centre with modern legislation facilitating Gaming, Mutual Funds, Captive Insurance, Offshore Banking and Offshore Company Incorporation.  Corporation Tax is levied at 35% but Malta’s Tax system allows for tax refunds whereby Non Resident owners of Malta Companies have can achieve, in certain circumstances, effective tax rates of zero.

Malta Company Taxation

Local Malta company Corporation tax is 35% but non-resident owners of Maltese Companies can receive part reimbursement of Taxes paid by tax refunds if profits are distributed through dividends. For a Trading Company  upon distributing dividends a refund of 6/7 of tax previously paid on the Tax charged to the Malta Company is refunded to the shareholder. The tax is actually paid to the Malta authorities and the respective receipt will be issued to the taxpayer in question. However, upon a subsequent distribution of a dividend by the Maltese company (no Malta tax is withheld or otherwise levied on such dividends distributed), shareholders are generally entitled to a refund of six-sevenths (6/7ths) of the Malta tax suffered on the profits out which the dividend was distributed.

The refund is reduced to five-sevenths (5/7ths) when the dividend is distributed from profits derived from passive income such as royalties. The refund is reduced to two-thirds (2/3rds) when the dividend is distributed from certain foreign-source income including royalties, dividends, capital gains, interest, rents and other income situated outside Malta and where double taxation relief has been claimed.

Non-resident Malta companies are exempt from all corporate taxes including capital gains including profits from the sale of shares. Malta has tax treaties with  Albania, Australia, Austria, Belgium, Bar-bados, Bulgaria, Canada, China, Croatia, Czech Republic, Croatia Denmark, Egypt, Estonia, Finland, France, Georgia, Germany, Greece, Hungary, Iceland Isle of Man, India, Ireland, Italy, Jersey, Jordan, Korea, Kuwait, Latvia Libya Lithuania Luxembourg Malaysia, Montenegro, Morocco, Netherlands Norway, Pakistan, Poland, Portugal, Qatar, Romania,  San Marino, San Marino, Serbia, Singapore, Slovakia, Slovenia, South Africa, South Africa - Spain, Sweden, Syria, Tunisia, United Arab Emirates, United Kingdom, United States.

Malta Company Compliance

The officers and shareholders of a Malta Company are required to be recorded at Companies House and the annual return filed every year. The annual return fee varies according to the amount of Authorised capital. The minimum usual fee is €100.  As Malta Companies are registered for tax accounts are required to be prepared annually, audited and filed at Companies House.  A Corporate Director is permitted to be a director of a Malta company.  For most of our clients AMP & Partners Limited provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Malta Company remain confidential.

Malta Company Formation

AMP & Partners Limited can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes 3 to 4 days.

Malta Company Structure

Maltese company law was derived from civil or 'Roman' law, rather than common law. A new Companies Act 1995 replaced the old Commercial Ordinance and Companies are now formed by a modern Malta Registrar of Companies. The Standard Authorised Capital for a Malta Limited Company is €1,250 and at least 20% of this amount must be deposited in a bank account along with the filing of the Memorandum and Articles of Association with the Registrar of Companies in order to form the Company.

Malta Nominee Director, Shareholder and Secretary Services

AMP & Partners Limited provides fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Malta Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.

Malta Company names

There is a restriction in naming a Malta Company with anything identical or similar to the name of a company already existing in Malta; or anything that in the opinion of the Registrar of Companies is offensive or otherwise undesirable. If you can’t think of a name for your company, its not a problem. You can still proceed to checkout, now and we will forward you 20 names to consider.

Guernsey is a top rated jurisdiction if you need a prestigious and politically stable location where most of UK and Europe’s major International Banks have either a Head Office or subsidiary. A Guernsey Company is suitable for clients wishing to list a fund on the stock market or to carry on insurance business.

Guernsey Company Taxation

Similar to its Neighbour, Jersey, Guernsey levies 0% tax for non-resident companies and 10% tax for banking and financial services businesses based on the island. Utility companies pay 20% tax. Guernsey has tax treaties with Denmark, Faroe Islands, Greenland, Iceland, Norway, Sweden and United Kingdom

Guernsey Company Compliance

The officers and shareholders of a Guernsey Company are required to be recorded at Companies House and the annual return detailing any changes is required to be validated every year. For most companies, accounts are required to be prepared annually but not filed at Companies House. A Corporate Director is permitted to be a director of a Guernsey company. For most of our clients AMP & Partners Ltd provides a Corporate Company Director, Secretary and a Shareholder service (nominees) so that your name will not appear on any official record at Companies House, ensuring that your identity is protected. Records of the identity of the beneficial owners of a Guernsey Company remain confidential.

Guernsey Company Formation

AMP & Partners Ltd can carry out a quick name check for you and initiate incorporation the same day or next day. Normal Incorporation takes just one day.

Guernsey Company Structure

A new Guernsey Companies Law came into effect on July 1, 2008 together with a new Guernsey Registry. The 2008 Companies Law provided for the consolidation of Guernsey Company Law from the previous legislation provided by the Companies (Guernsey) Law 1994. There are standardised articles which are used for most incorporations which allows for faster processing taking just 24 hours for incorporation.
Guernsey Nominee Director, Shareholder and Secretary Services

AMP & Partners Ltd provide fully-insured Nominee Corporate Director, Shareholder and Secretary Services. We guarantee that your Guernsey Company will be properly formed and delivered to you, managed professionally and comply with local legislative requirements, for the price quoted. There are no hidden fees. Furthermore, we guarantee not to increase the price of the annual fees for a five year period and thereafter any subsequent annual price increase will be related to the retail price index forecast estimated to be 3.3%.

Guernsey Company names

The Companies Law prohibits companies from having a name which is misleading. Accordingly, the use of words such as "fund", "investment" and "management" in a company's name must be used with care and often only after consultation with the GFSC and the Guernsey Registrar to ensure that no misleading impression will be conveyed. If you can’t think of a name for your company, its not a problem. You can still proceed to checkout, now and we will forward you 20 names to consider.
« less

man success 2.jpg

Investment Holding Companies

These may be used by corporations or individuals as a vehicle to hold investments such as shares, bonds, cash. In most offshore centres interest on cash is paid gross unlike most EU countries where there is a withholding tax and/or a requirement to declare savings.
Offshore life insurance and pensions may be held by the ‘investment holding company’ which may also include investment products and cash held in a number of different currencies. This may provide a private family vehicle for you which can also be useful for inheritance tax planning and the avoidance of inheritance tax in your home country. (specific advice should be sought dependant on your country of residence)

For further information, you can on this website supply us with some information about yourself by requesting a no-obligation, free tax-planning assessment .

Or you can call us in the UK on +44 (0) 7 989 100 500 or Contact Us by e-mail.

 

 
luxury villa lit night.jpg

Property Holding Companies

Land and property can be owned by an offshore company in the knowledge that the transfer or sale of the asset will not be liable to capital gains tax and inheritance taxes. This dependant on the location of the company and tax legislation.

Intellectual rights Companies can own the rights to books, films and manufactured products with patents, producing income in the form of Royalties, commissions, etc producing income which can be accumulated in a tax free jurisdiction.

For further information, you can on this website supply us with some information about yourself by requesting a no-obligation, free tax-planning assessment .

Or you can call us in the UK on +44 (0) 7 989 100 500 or Contact Us by e-mail.

 

 

 

 

 

 


 

 


3 people desk.jpg

Offshore Consultancy Companies

These operate in a similar way to export and trading companies but are mainly used by individuals who travel and provide consultancy and contractual services abroad to a variety of clients in sectors such as- IT, construction, Oil & Gas, electronics, finance and entertainment. Profits transferred back to the home country by the Consultant company are usually subject to income taxes but these can be minimized by making use of personal allowances, receipt by dividends, use of tax treaties, pesion planning and tax credits.

If you are a Contactor or Consultant in London , the UK or plan to work overseas, or are concerned about IR 35 compliance you can learn more about how to be a Contactor overseas by visiting our FAQ pages.

To learn more about this, if you wish please supply us with some information about yourself by completing a short no-obligation, free tax-planning assessment form.

Or you can call us in the UK on +44 (0) 7 989 100 500 or Contact Us by e-mail.

 

 

 

 

 


 

 


ships.jpg

Offshore Trading Companies

A company incorporated in a low tax country is commonly used to trade internationally where tax savings can be achieved. Over a number of years, with careful planning, the low tax or offshore company could develop into a well-established trading entity in its own right. This dependant on a number of factors, such as the location of management, perceived independence from founders and the location of the international headquarters of your trading group, where profits can be accumulated tax free or at a lower rate than you home country.

For further information, you can on this website supply us with some information about yourself by requesting a no-obligation, free tax-planning assessment .

Or you can call us in the UK on +44 (0) 7 989 100 500 or Contact Us by e-mail.


roulette wheel red 115.115.jpg

Gibraltar, Europe's leading e-commerce centre

Gibraltar has an 'onshore' tax structure quite similar to that of the UK so far as income and corporation tax is concerned, although there are no capital gains or inheritance taxes. However, as long as a company does not do business locally (i.e, have transactions with local residents) it can use the provisions in the non-resident company legislation to allow the company to be exempt from income and withholding taxes. Gibraltar, rightfully claims to be one of the leading e-commerce jurisdictions in Europe. As far back as in 2001, Gibraltar passed its first legislation specifically designed to attract e-commerce businesses.

Victor-Chandler UK and international.clients save on betting taxes

Why Re- Locate your website to Gibraltar ?

If you are starting a new business or your business is international in nature, you can save on income taxes by re-locating your website to Gibraltar. Existing and new clients contacting you via your website will be making the point of sale in Gibraltar and these sales will not be subject to income tax in Gibraltar. If your website is owned by a 'carefully and properly structured' Gibraltar non-resident company, then the company will not be liable to pay any taxes in Gibraltar or in your home country. This of course dependant on your personal tax status and legislation in your home country.

Websites located in Gibraltar can carry out the same functions as previously carried out, when they were based in high-tax jurisdictions such as real estate, sales, marketing, gaming, membership and financial services. You can set-up an appropriate arrangement with the Gibraltar company to manage the website. If you choose to manage websites from your home country then income received will be taxable at rates applicable in your home country. Employees situated in Gibraltar are subject to income tax if they physically work in Gibraltar. Directors, Agents and Managers working outside of Gibraltar are not liable to pay any taxes in Gibraltar.

100,000+ Companies Successfully trade in Gibraltar, year on year.

Establish your business in Gibraltar for the long-term

Gibraltar has attracted many well-known UK companies who have established themselves in Gibraltar for the long-term. They have chosen Gibraltar in preference to other offshore centres such as Jersey, Guernsey, Switzerland, and Luxembourg. This is because, Gibraltar has good communications, lower costs, and better e-commerce legislation than other jurisdictions. The Gibraltar Government has been very proactive in implementing new legislation.

Victor Chandler was the first of many UK gaming companies who re-located their international operations to Gibraltar. Victor Chandler moved to Gibraltar in 1999 and the Victor Chandler International office now has 350 employees, who provide 24 hour client services in a variety of languages including, Spanish, Chinese, and Greek.

Gibraltar has over 100,000 offshore companies, most of which are involved in international trading or hold assets, such as property, yachts, insurance bonds, stocks and shares. Many companies have international websites located in Gibraltar where they carry out e-services distributing products or services internationally and accumulating profits legally tax-free in Gibraltar. AMP & Partners have the ability to assist you set up a suitable corporate structure, arrange web-hosting and the transfer of your website to Gibraltar. We can also arrange to have a fully qualified IT expert assist you with technical issues.

Contact Us to find out how you can re-locate your Internet business to Gibraltar.


Page 1 of 3