This series of articles briefly set out the benefits to be gained from basing such arrangements in Gibraltar.
As one of the largest providers of financial services in Gibraltar, Coopers & Lybrand are well placed to advise on proposals and to provide all the services necessary for the formation and/or administration of trusts, including corporate trustees, companies and nominee services.
Gibraltar is a dependent territory of the United Kingdom but enjoys considerable autonomy and legislates for itself in such areas as taxation. Gibraltar is a part of the European Union having joined with Britain in 1972. The Rock has an experienced financial services industry which is rapidly developing as a major element of the local economy. A highly sophisticated telecommunications system and daily scheduled flights to London enable Gibraltar to offer services competitive with other major offshore centres.
Gibraltar has also introduced a comprehensive regulatory framework which covers:
- investment advice and
- corporate trustee and company management services.
There is a Financial Services Commission which supervises the activities of the local industry.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.