Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
FinTech
8.
Innovation
8.1
How is innovation in the fintech space protected in your jurisdiction?
Gibraltar

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.

For more information about this answer please contact: Anthony Provasoli from Hassans
8.2
How is innovation in the fintech space incentivised in your jurisdiction?
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).

For more information about this answer please contact: Anthony Provasoli from Hassans
Contributors
Topic
FinTech