 |
Gibland Secretarial Services Limited
|
Main Contents Incorporating a Company |
Incorporating a Company
in Gibraltar
A Low Cost Business Environment At the end of 1994, some 55,000 companies were registered in Gibraltar, that is, a greater number than the individual residents in Gibraltar. Gibland Secretarial Services Limited is licensed by the Financial Services Commission to act as a company manager, Licence No FSC 00171B. We offer a complete range of company formation and management services, including provision of registered office, directors and secretary, maintenance of statutory books and the holding of meetings and filing of returns, Companies can be formed in 24 hours, but “off the shelf” companies can be made immediately available. The law regulating the incorporation, constitution and dissolution of corporate bodies is set out in the Companies Ordinance. The provisions of the Companies Ordinance were originally based on the English Companies Act 1929 but the Ordinance has been much amended to bring it up to date. Under the terms of the Ordinance it is possible to incorporate an unlimited company, a company limited by guarantee, with or without share capital, or a company limited by shares, either public or private.
Requirements as to 1. Company Name - There is a £150.00 fee payable in respect of a change of Company Name. Gibland Secretarial Services Limited, will be pleased to arrange for name approvals or changes, whenever requested. 2. Company Objects - Gibland Secretarial Services Limited’s ‘Standard objects’ clause (3a)’, is attached to our ‘Gibraltar Company Questionnaire’; the clause includes financial and property investments, holding company and general trading activities among others. 3. Share Capital - Gibland Secretarial Services Limited’s ready made companies are incorporated with an authorised share capital of £1000.00 (1000 shares of £1.00 each). 4. Registered Office - A Gibraltar Company must have its registered office in Gibraltar. Gibland Secretarial Services Limited can arrange this facility and will act as the Company Secretary of the entity. The Statutory Registers must be held in Gibraltar, at the registered office. 5. Meetings - A Company must hold a General Meeting of shareholders once a year. 6. Accounts and Annual Returns - Accounts have to be filed once a year in the Companies Registry in compliance with the Companies Accounts Ordinance. An annual return must be filed at the Companies Registry once a year. This annual return gives details of the directors of the company, the company’s share structure and the shareholders’ names and holdings. 7. Shareholders - A Gibraltar company only requires a structure of one shareholder. It is possible for a company to have corporate shareholders. In view of the requirement to show shareholdings on annual returns, it may be preferable for nominees to hold the shares. Gibland Secretarial Services Limited can arrange nominee shareholders if so requested. It will nevertheless be necessary to give the authorities, who are bound by secrecy provisions not to disclose information to third parties, details of the beneficial ownership of the shares, when applying for exempt status. (see notes on ‘Taxation’). 8. Directors - Directors’ details are shown on Public Record and their names have to be printed on the company notepaper. It is permissible, however, to have corporate directors whenever such are desired. Gibland Secretarial Services Limited can also provide the facility of corporate directors if so desired. Taxation
Resident Companies are taxed on their world-wide income at 35% of the adjusted assessable profits. Dividends and interest arising outside Gibraltar are exempt if taxed at source and not received in Gibraltar. For further Information on Corporation Tax please contact any of the following persons:- Hayley King hayley@gibland.com Or Carol Haw cshaw@marrache.com .
Registered in Gibraltar
Number 10452 |
