Answer ... As part of its ongoing effort to stimulate healthy innovation, the Financial Services Commission (FSC) has established the Innovate and Create Team. The team is made up of experts from a number of organisations involved in the financial industry, and its core purpose is to assist businesses with both the implementation of innovative ideas and the introduction of new products and services into the market.
Along with regular talks, seminars and events geared around fintech, additional initiatives and programmes such as the Professional Certificate of Competence in Blockchain & Smart Contracts given at the University of Gibraltar further safeguard the development of fintech within Gibraltar.
Answer ... No specific government grants or corporate incentives exist for fintech businesses. However, corporation tax in Gibraltar is set at 10% of profits which accrue or derive from Gibraltar and no capital gains tax, inheritance tax, wealth tax, gift tax, value added tax, withholding tax or tax on interest or gains made on monetary investments exists in Gibraltar.
Gibraltar also offers encouraging tax benefits for highly skilled workers under the Higher Executive Possessing Specialist Skills regime (see question 9.2).