For many reasons, moving to or simply working in Gibraltar is a great idea in 2020 and beyond. Below you'll find a list of the key features of living, working and doing business in Gibraltar that will help you get a sense of the lifestyle and benefits Gibraltar can offer, why you might want to move here and the main things to bear in mind when doing so.


European and British Nationals are able to come to Gibraltar to live and work subject to complying with certain administrative requirements. Gibraltar is proud to be a cultural melting pot which, over the years, has seen people from all over the world make Gibraltar their home. As a centre for leading international businesses in gaming, insurance and other financial services fields, Gibraltar welcomes citizens from around the globe, whether via their European or British citizenship or where workers come from further beyond, by means of work permits issued by the Department of Employment.  Hassans is able to assist in these applications as well as with applications based on the Category 2 qualifying status or on the High Executive Possessing Specialist skills (HEPSS) basis. Find out more about Immigration.


The official currency in Gibraltar is the Gibraltar Pound. The Gibraltar Government prints the Gibraltar Pound which is accepted interchangeably at equal value with the Great British Pound. Our banks track the Bank of England's rates of interest as they are amended from time to time. Local businesses accustomed to trading in a busy tourist environment also widely accept Euros. Contactless payments are possible at the vast majority of establishments, especially post Covid-19 and measures taken to reduce exchange of physical cash.

The economy

Gibraltar's economy is powered by a diverse range of activities which widely fall into one of four categories – tourism, financial services, online gaming and the port.  Gibraltar attracts millions of tourists by land, sea and air every year. Air passengers now arrive and leave via Gibraltar's international airport ( which opened in 2012 and serves most of the main London airports and regional centres such as Manchester and Bristol, as well as welcoming private charters from other destinations. Arrivals by land consist of day tourists coming across on foot or in car/coach, as well as the many thousands of workers that come in and out of Gibraltar every day. Gibraltar also welcomes a significant number of cruise calls by the world's leading companies during an extended peak season between May and November each year. 

Financial Services

Gibraltar offers world-leading facilities to the financial services sector, a speed to market unmatched anywhere else and the range of solutions that meet the needs of both today's entrepreneurs and established businesses.  Having offered a financial services passport into the EU (mostly the UK) since its accession to the EU on 1 January 1973, Gibraltar is set to continue to offer unfettered access to the UK to its many insurance companies post-2021. One in five cars in the UK is insured by a Gibraltar company, such is the importance of this particular facet of financial services business to Gibraltar. Visit our Financial Services page for more information. Gibraltar's Fintech story is also worth reading about – a story of dynamism and informed understanding leading to the creation of the first regulatory environment for the delivery of financial services on distributed ledger technology – read more on our Fintech page.


In Gaming, Gibraltar is the base for the best that the international online gaming/gambling industry has to offer; well-regulated, protecting players and ensuring our operators are operating to the best standards. Gibraltar invented regulation and continues to be the leader in this field offering a prestigious centre for online gaming and gambling business. Visit our Gaming Law page for more details.

The Port

Finally, Port services make up the last of the four main areas of economic activity in Gibraltar. Gibraltar's strategic location, modern port facilities and legal system based on English Common Law are just some of the reasons why it is one of the key locations for ship arrest in the Mediterranean as well as a desirable Red Ensign registry, outside VAT, to register and finance vessels.  For more information, visit our Admiralty & Ship Arrest page as well as our Ship and Yacht Finance and Registration page.

The Gibraltar Parliament

The Gibraltar Parliament is a 17 member parliament and the legislature for Gibraltar.  Under the terms of the Gibraltar Constitution Order 2006, the Gibraltar Parliament is the legislative body for Gibraltar, with the Government of Gibraltar acting as the executive, and the judiciary the third distinct and separate component of our democracy.  Elections to the Gibraltar Parliament occur roughly every four years.  The party holding the majority in the Parliament is tasked with Government.  

The current Chief Minister of Gibraltar is the Hon Fabian Picardo QC, MP., who leads the GSLP Liberal Government since its original election in December 2011. The latest election was held on 17 October 2019.  Further details and access to proceedings/Hansard of Parliamentary proceedings can be found at


Gibraltar has a buoyant residential and commercial real estate market with a variety of predominantly apartment-based properties available for purchase or rent.  Prices in Gibraltar are significantly higher than across the border in Spain and it is for that reason that many employees choose to live in Spain while working in Gibraltar.  The key issue to bear in mind in that context is the tax treatment for income arising from work in Gibraltar in respect of those deemed tax resident in Spain.  We are able to offer advice on those issues. For more information, visit our Gibraltar Tax page.


The key headlines for tax in Gibraltar are that corporate tax is levied at a flat rate of 10%, personal income tax is charged at an effective rate of 25% on the first £50,000 of income and that Gibraltar does not levy any capital gains tax, inheritance tax or tax on passive income.  We also have specific programmes designed to meet the needs of high net worth individuals and their families as well as high executives possessing specialist skills (HEPSS). Add to that the wide range of structuring options available in Gibraltar, and Gibraltar represents an attractive proposition in tax to bolster the many other appealing features of moving to and living in Gibraltar.  For more information, visit our Gibraltar Tax page.


Education in Gibraltar is largely state provided but there are also a growing number of private nurseries and schools.  The availability of choice in education is one of the key requirements of both entrepreneurs and executives relocating to Gibraltar, and Gibraltar now offers just that.  The public sector schools have seen huge investment in infrastructure which is expected to continue as additional new schools are built.  Primary and secondary schooling in Gibraltar is compulsory and free to Gibraltar residents – for more information, visit the Gibraltar Department of Education‘s website.

Health Services

The Gibraltar Health Authority is the core of healthcare in Gibraltar, offering free and extensive healthcare to registered users. The Gibraltar Health Authority (GHA) was set up under the Medical (Gibraltar Health Authority) Act 1987 and its purpose is to provide healthcare in Gibraltar, which is home to just over 30,000 residents. Gibraltar enjoys similar healthcare, and standards of health care provision, to most Western European countries. The GHA operates a Group Practice Medical Scheme, which is a contributory scheme and enables registered persons to access free medical treatment. For further information visit

Gibraltar Companies

Gibraltar offers a huge range of modern and relevant solutions for the establishment of a business entity, ranging from companies to partnerships of various different kinds, as well as the protected cell company – a vehicle used widely by insurance companies and private clients alike. For more information on all of these options please visit our Gibraltar Company Management expertise page.

Business Licensing

The Office of Fair Trading was established in Gibraltar on 7th October 2015 by means of the Fair Trading Act 2015. Under the Fair Trading Act, any business wishing to either trade or provide a service in Gibraltar must hold a business licence issued by the Business Licensing Authority.  For full details of the Business Licensing regime, visit the Office of Fair Trading's Business Licensing information.


Gibraltar voted overwhelmingly to remain in the EU on 23 June 2016.  On 31st January 2020 Gibraltar, along with the rest of the family of British nations, left the EU and entered the implementation period of the Withdrawal Agreement reached by the EU/UK in 2019.  On 1 January 2021, the implementation period will have lapsed and our exit from the EU will be complete.  At the time of writing, there is no certainty that a deal on the future relationship between the UK and the EU will be reached in time, much less whether Gibraltar will be included in such a deal.  The post-Brexit opportunities for Gibraltar remain largely as they were before the referendum in 2016.  The preponderance of financial services activity conducted from Gibraltar was UK facing and, in the context of the UK Financial Services Bill 2020, direct access to the UK by Gibraltar companies is guaranteed.  Further opportunities may yet arise in relation to a potentially differentiated solution currently being actively negotiated.  As the nature and detail of those opportunities becomes clearer, Hassans will be on hand to advise clients on how best to navigate the changes and take full advantage of the possibilities linked thereto. 

Originally published by Hassans, September 2020

The views expressed in this article by the author are solely those of the author.

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.