High Net Worth Individuals who may wish to become residents of Gibraltar for tax purposes can apply for the so called qualifying (Category Two) individual status.
Advantages: - The taxation for qualifying Individuals is based on their worldwide income and will be limited to a maximum fixed amount. - Unlike the conditions in other jurisdictions, there is no specific legal requirement as regards to the length of stay in any particular year. - The costs for residential accommodation are very reasonable. Gibraltar is situated on the Costa del Sol, one of the world’s most attractive holiday destinations.
Conditions: - Assets in excess of GBP 2 million. The individual is required to either purchase or rent an apartment in Gibraltar. - The individual is not otherwise engaged in trade, business or employment in Gibraltar. - The individual has not been resident in Gibraltar during the preceding five years.
