Telephone: (+350) 200 42686
Innovative and impartial international tax planning, company, trust and pensions services in Gibraltar for private clients, their businesses and their families.
Gibraltar Company Law
Gibraltar Company Law is primarily governed by the 1930 Companies Ordinance. This has been amended from time to time to ensure that modern developments in corporate governance, as well as practical advances in the use of companies, have been incorporated into the law. Particular features include:
- single members: Gibraltar companies may have a single shareholder
- single director: a single director may run the company, although the sole director may not be the Secretary
- migration of companies: foreign companies may move their place of registration to Gibraltar, and Gibraltar companies may migrate to other jurisdictions
- purchase of own shares: companies may repurchase their own shares out of income or capital
- branches: foreign companies may register branches in Gibraltar
- local representation: Gibraltar companies must have a registered office in Gibraltar. Other than for certain, regulated companies it is not necessary that directors or officers are located in Gibraltar
- record keeping: a Gibraltar company must keep statutory registers in Gibraltar. In addition, the directors must keep accurate records of the company’s activities and present accounts to the shareholders. Audit may be waived.
- meetings: the members must meet annually. Meetings need not take place in Gibraltar.
- shares: may be issued in any denomination in any currency
- share classes: shares may be ordinary or preference and different rights to dividends, redemption, liquidation proceeds and for voting may be attached to different classes of shares
- European companies: subject to certain restrictions, a company may be registered as a European company. This feature gives it certain additional recognition within other European states.
