Gibraltar - NRC/Other jurisdictions

Gibraltar is a jurisdiction physically located on a small peninsula in the South of Spain, but is nevertheless a dependent territory of the United Kingdom. Gibraltar is a self-governing territory having its own constitution, but the defence and foreign policy of Gibraltar are handled by its mother country, the United Kingdom. The official Head of jurisdiction is the Queen of the United Kingdom, who is represented by the general-governor on Gibraltar.

Following the abolition in 1999 of the tax-exempt status of Irish non-resident companies, Gibraltar has in effect become the only jurisdiction within Europe where the classic tax-exempt company may be incorporated.

Several types of business entity may be registered in Gibraltar – the Private Company, the Qualifying Company, the Limited Partnership, the Exempt Private Company, the Non-Resident Company etc. – but it is the Non-Resident company that is the most often used in business practice.