The Gibraltar Government has approved plans for a new “credit institution” that is seen as filling a need in the marketplace that was made more urgent by Barclays’ recent announcement of plans to reduce its Gibraltar presence.
The British Virgin Islands, Gibraltar, Montserrat, the Turks and Caicos Islands and Bermuda have signed tax information sharing agreements with the UK Government.
The UK- and Gibraltar-based Blacktower Group is expanding into the Caribbean and Latin American markets, with the establishment of an office in the Cayman Islands.
The European Commission has opened an “in-depth investigation” into whether a corporate tax regime Gibraltar implemented in 2011 “selectively favours certain categories of companies, in breach of EU state aid rules”.
The Gibraltar government has published what it is calling an "action plan" to add to what it says is an already-extensive set of measures aimed at preventing money laundering and other financial crimes.
The global accounting entity formerly known as Ernst & Young is returning to Gibraltar, as EY, via a deal with some key executives from Baker Tilly's Gibraltar office.
The Government of Gibraltar has hired a further two senior executives in newly-created roles to promote Gibraltar’s financial services sector.
As the row between Spain and the UK over Gibraltar came to the end of a second week, Gibraltarians continued to reiterate that it was business as usual on the 2.6 sq mi Rock they regard as a part of Britain.
James Lasry, the chairman of Gibraltar’s Funds and Investments Association, said work is continuing as normal for the international finance centre, despite an apparently escalating border dispute with Spain.
STM, the Gibraltar-based, AIM-listed provider of cross-border financial services, has entered the European life insurance product space with a bond that its Life division has designed specifically for the German market.
Gibraltar’s Income Tax Act has received endorsement from the European Council of Economic and Finance Ministers and is now compliant with the EU Code of Conduct for Business Taxation.
The Gibraltar Funds & Investments Association has introduced a code of conduct for fund managers with investment schemes in the jurisdiction.
