What is Gibraltars relationship with the United Kingdom?
A Gibraltar is an overseas territory of the United Kingdom. It is a distinct jurisdiction with its own constitution, granted by the British Parliament. Gibraltar’s Parliament is a democratically elected legislature. Q What is Gibraltar’s status within the European Union? A Gibraltar is the only British overseas territory that is part of the European Union. Although full membership of the EU extends to Gibraltar it is not subject to the Common Customs Tariff, VAT or the Common Agricultural Policy. Q What is the basis of law in Gibraltar ? A The legal system and jurisdiction of Gibraltar are entirely separate, but based on English common and statute and locally drafted law. Q Has Gibraltar implemented all EU Directives related to financial services? A Yes. Gibraltar has implemented all relevant EU Directives in a way that virtually mirrors UK legislation. Q What type of tax regime does Gibraltar operate? A Gibraltar is a jurisdiction with a highly competitive tax regime for both companie
