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A short history of Gibraltar
The history of Gibraltar (sometimes referred to as the rock) is a long one with evidence of Neanderthals inhabiting it; it would predate any historical records. Probably one of the first records of Gibraltar comes from Plato as he describes it as one of the Pillars of Hercules. All of the early empires such as the Carthaginians, Romans, Vandals, Goths and Visigoths had their time there although none made long lasting settlements. In the early 700’s in an attempt to conquer Spain general Tariq ibn Ziyad sail across the straights landing eventually on the southern cost, and the name Gibraltar comes from the Arabian words Gabal-Al-Tariq (the mountain of Tariq). Although it was repeatedly fought over it predominantly stayed in the hands of the Moorish until the middle of the 15th century. After which the Spanish controlled it up until the early 18th century when it was taken over by an Anglo-Dutch fleet lead by Admiral Sir George Rooke. Over time the British came to dominate and 1713 it was officially handed over to Great Britain. In 1830 it went from being a British town and garrison to being a colony of Great Britain. In 1973 Gibraltar joined the European Economic Community alongside the United Kingdom.
Gibraltar as an international business jurisdiction
Benefits of opening a company in Gibraltar. The location of Gibraltar (on the edge of Spain) makes trade with Europe extremely easy. Whilst Gibraltar is a member of the EU it is not part of the EU customs union, which means there is no VAT, combine that with its excellent port facilities makes it ideal for trading goods. As it is a British territory it is a solid political environment with a highly professional work force and English as the spoken language, its laws are based on that of the UK. It is an extremely modern jurisdiction offering amazing office and industrial facilities as well as being one of the most advanced countries in Europe for its fiber optic communications. It also benefits under the Generalized System of Preferences (GSP) to be entitled to preferential trade tariffs. The corporate tax rate is just 10%. Thus, it makes Gibraltar a very attractive option for businessmen and entrepreneurs to register and incorporate a company in. All paper work is completed in English, which speeds up and simplifies the registration process. If you are interested in incorporating a business in Gibraltar, do not hesitate to contact us to get more information and prices.
You can read more about Legal entities and companies in Gibraltar by following the link.
Types of companies in Gibraltar
- Company limited by shares
- Company limited by guarantee
- Company limited by guarantee having a share capital
- Private investment company
- Holding company
- Investment funds
- Local trading companies
- International trading companies
- Regulated financial companies
- Private companies
- Public companies
Read more here.