The Mayflower Penthouse | Tax Efficient Residency

Tax Efficient Residency

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Gibraltarians enjoy an enviable low tax regime and for those High Net Worth Individuals (HNWIs) wishing to establish a base on ‘the Rock’, residency in Gibraltar can be achieved through an attractive regime which caps an individual’s tax liability. Wishing to benefit from Gibraltar’s high standard of living, Mediterranean climate and reputation as an established and successful finance centre, prospective residents can register with the Island’s Category 2 tax regime which offers:

  • Tax payable on only the first £80,000 of assessable income.
  • Minimum Tax payable: £22,000.
  • No Inheritance Tax.
  • No Wealth Tax.
  • No Capital Gains Tax.
  • No Tax on Interest earned in foreign bank accounts.
  • No Tax on Dividend Payments.
  • No Tax on Occupational Pension payments.
  • Residence fixed in a recognised yet tax-friendly jurisdiction.