Offshore bank accounts

Gibraltar company formation

 

Basic facts regarding Gibraltar

Gibraltar is an overseas territory of the United Kingdom (UK) and has been part of the European Union since 1973. A November 2006 referendum resulted in constitutional reforms transferring powers exercised by the UK government to Gibraltar.

Gibraltar has an international financial center which is small internationally, but large in comparison to its domestic economy. The financial services sector has strong ties to London, the Crown Dependencies, Israel and other financial centers.

International cooperation

Gibraltar has executed Tax Information Exchange Agreements with Australia, Austria, Belgium, Denmark, Faroe Islands, Finland, France, Germany, Greece, Greenland, Iceland, Ireland, Netherlands, New Zealand, Norway, Portugal, Sweden, United Kingdom, United States.

EU Mutual Assistance Instruments and applicable domestic law. Internal policy of the Government allows information exchange in criminal tax matters using the Evidence Act with letters of request with effect from 13 March 2008.

Gibraltar has no powers to obtain information from banks and financial institutions, except for the purposes under the EU Savings Directive, or in case of criminal tax matters under its Evidence Act.

[sources: United States Department of State Bureau for International Narcotics and Law Enforcement Affairs; Organisation for Economic Co-operation and Development]

 

Bank accounts

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