Foreword by the Deputy Chief Minister and Minister for Trade, Industry & Telecommunications
A modern finance centre in a globalised market
Gibraltar has been undertaking finance centre business for more than thirty years. The demands, needs and pace of commercial transactions have moved on substantially since then. The greater use of electronic means of communication in business is putting further demands on finance centres.
The three main elements which will dictate the future development of finance centres are efficiency, competitiveness and sound regulation.
Gibraltar is a mainstream, forward looking and adaptable finance centre which is able to meet all these criteria.
Our offer of services cuts across fields such as banking, insurance, investment services, commercial restructuring and finance. Specialist markets have been developed in niche areas such as securitization and repackaging or derivatives trading.
The importance of being the only finance centre within the European Union which has a Treaty exclusion from VAT cannot be understated. Important benefits stem from that.
Our position in the European Union means that our financial services are extremely well regulated and meet all European Union standards. This is essential in attracting quality investment into Gibraltar. As an integral part of the EU we have the added advantage of being able to access ("passport") financial services into the European market.
The finance centre is supported by a highly skilled and trained professional sector that can respond to the needs of an international financial market.
Investing through Gibraltar provides key competitive and fiscal advantages for both private and corporate clients.
The rapid developments in the e-Business and telecommunications sector will provide a useful catalyst for the continued expansion of financial services opportunities.
Our finance centre is buoyant. A glance at key indicators is enough to see that there is significant and sustained growth in this sector.
This brochure sets out a summary of the main services provided by our finance centre together with the competitive advantages that put Gibraltar at the forefront of the global economy. Further information is available on request.
We would be glad to assist you in coming to Gibraltar to enjoy our services and lifestyle.