What are the attractions of Gibraltar?
Gibraltar insurers are able to underwrite risks in Europe direct Gibraltar’s regulatory regime is credible but at the same time accessible and each insurer is regulated on an individual and appropriate basis, whilst complying with European Union standards Insurance companies, as will other companies in Gibraltar, will be subject to a low rate of tax (in the region of 10%). This is currently being amended by the Gibraltar Government Gibraltar has no job quota requirements for insurance companies or managers, meaning cost base is highly competitive Legal system is based on English law, with local statutes Official currency is the Gibraltar pound, on a par with sterling, and with no exchange controls Official language is English, though the local population is bi-lingual, speaking also Spanish As a long-standing financial centre, Gibraltar offers a developed professional infrastructure Assets representing shareholders funds must be maintained in the EEA, but need not be held in Gibraltar
