Upload
vandien
View
213
Download
0
Embed Size (px)
Citation preview
Gibraltar in brief
Peninsula linked to southern Spain
UK Overseas Territory
Self-Governing
Population: 30,000
English common law system
Legal System
Only common law jurisdiction incontinental Europe (courts, statutes andprinciples of equity based on English law)
Very well developed offshore expertise(trusts, company management and privatebanking)
Separate and distinct jurisdiction
Own legislature
Business understanding of civil lawsystems
Labour
C. 17800 Permanent Employees
More than 50% of school leaversin Gibraltar go on to furthereducation in the UK
Competitive salaries
Local UK trained professionals areavailable with a wide range of skills.Lawyers, Accountants and Businessgraduates being the most common.
There are also no restrictions onresidence or work permits for EEA &Swiss nationals.
Gibraltar in brief
MIXED ECONOMY
Tourism
Shipping and port
Financial services
Pound Sterling (£) currency
Tourism
8.1m visitors by land, air & sea*
Tourist expenditure £210.50m*
VAT & Duty Free goods
Sub-tropical climate average of 18oC
Variety of sightseeing and leisureattractions
Ferry service to Tangier, Morocco
Modern air, cruise and coach terminals
Shipping & port Over 80,000 vessels transiting the Straitof Gibraltar each year
One of the largest bunkering ports in theMediterranean
Category 1 red ensign status Ship Registry
Ideal base for ship management
Gibraltar Port Authority Estd. 1999
First-rate legal and maritimeinfrastructure
3.9 million tonnes of bunkers were deliveredinto over 6,000 vessels in 2007
Financial Services
C. 240 licensed institutions
Bank deposits £4,257m
Bank assets £8,300m
Total funds under management £11,800m
Funds mgd by banks £9,100m
Funds mgd by asset mgt companies
£2,700m
Total assets of insurance companies2,020m
Commercial Property
Modern office space to let or buy ofvarious sizes and in different locations.Optional parking also available.
Service Charges: From £1.50 per sq.ft. pa
Lease Terms: Negotiable
Rent: From £15 per sq.ft. pa
Residential Property
House prices have increasedsignificantly over 5 years - newdevelopments are being constructed.
Prices from £150,000 to £2m
Rent: From £500 to £2500 permonth
- No Capital Gains Tax
- Free Market
- Tax Relief
Utilities
Electricity ServicesThe supply of electricity is readily available
and reliable. Generating capacity easily
exceeds maximum demand.
WaterFresh water is collected, produced, extracted
and purchased by AquaGib. Sea water is
used for fire fighting, street cleaning and
other sanitary purposes where the use of
potable water is not essential.
Utilities
Telecommunications
Gibraltar provides a full range of state-
of-the-art digital, satellite, mobile and
internet communications services.
Transport & Travel
Daily and weekly services
to London, Luton and
Manchester.
1 hour’s drive to the
international airport of
Malaga
Gibraltar Lifestyle
Average 300 days of sunshine perannum
c. 3 million expatriates live in andaround the Iberian peninsula
60 top class golf courses in theregion, most very near Gibraltar
Polo, watersports, skiing, etc: theperfect location for all sports
Further Information
Finance Centre, Gibraltar
Responsible for thedevelopment of new business
A centralised source ofinformation and direction
Tel: (+350) 20050011
Email:[email protected]
www.gibraltar.gov.gi