ARTICLE
18 February 1999

The European Insurance Centre - Estimated Costs Of Establishing Company Insuranc

Gibraltar Environment
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SET-UP/FIRST YEAR COSTS



Legal Costs for incorporation of company
(including tax application) £500 - £1,000

Qualifying Company:
tax deposit £1,000
application £250

Exempt Company:
first year tax £225
application fee nil

Stamp Duty on capital
(discretionary maximum £5,000) 0.5%

Insurance Licence application fee £500

Insurance licence first year annual fee £2,000

First year management fees* minimum £25,000

ONGOING ANNUAL COSTS



Qualifying Company tax 0% to 35%

Exempt Company annual tax £225

Insurance licence annual fee £2,000

Annual management fees minimum £25,000

5 Annual Directors' fees (if required) £3,000 - £7,000

CONTACT

Anthony Fisher

Finance Centre Development Director
Department of Trade & Industry
Government of Gibraltar
Suite 771, Europort
Gibraltar

Tel No:  + 350 50011
Fax No:  + 350 47677
E-mail:   Click Contact Link 

Website:  Click Contact Link 

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