Tax exempt offshore companies
Exempt Status: Subject to the conditions set out below, a offshore company incorporated in Gibraltar tax haven may apply for a Tax Exemption Certificate. Possession of such certificate will, in return for the payment of a fixed annual tax, exempt the company from further taxation in Gibraltar. A Tax Exemption Certificate is issued for a period of 25 years.
What is specific about tax exempt company is that the benefits deriving from having tax exempt status are that the company or branch will be exempt from the corporate taxation on profits, withholding taxes on interest, fees and other payments to non resident directors or to other persons, and dividends paid to its shareholders, estate duty and stamp duty on the transfer of shares. Therefore, Gibraltar is one of the best tax haven for incorporation.
A tax exempt company can be resident, managed and controlled in or from tax haven Gibraltar without affecting its tax exempt status.
The beneficial ownership of the shares of a tax exempt company must be disclosed to the Finance Centre Director, subject to strict confidentiality provisions. It is an offence for disclosure of such identity to be made other than within strictly defined parameters.
Read more on tax exempt offshore companies.
Offshore tax exempt or non-resident company application form.
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