The Gibraltar government has launched a website that it says is designed to “serve as a directory” of Gibraltarians who have left the territory, “who could be called upon to provide services to the government and to Gibraltar as and when required”.
The Gibraltar Funds & Investments Association has published a guide for funds and fund managers, in a bid to attract more business to the jurisdiction.
The Government of Gibraltar has appointed two senior executives to its Finance Centre department to help with the development of the insurance and private client sectors in the British Overseas Territory.
A meeting of the top officials of Britain’s 14 overseas territories ended this week in London with almost no publicity exactly as it began 48 hours earlier.
Almost a year to the day after Jersey and the Isle of Man finally had their zero-10 corporate tax regimes approved by ECOFIN, Gibraltar is reported to be attracting the European body’s attention.
Fiduciary Wealth Management, the private wealth arm of Gibraltar’s Fiduciary Group, has named Platform One as its investment platform, and said it plans to utilise both its UK and International services.
A steady stream of new QROPS have been launched out of Gibraltar since the jurisdiction passed “QROPS friendly” pension legislation earlier this year.
Gibraltar’s minister for financial services, Gilbert Licudi, said the onus will be on QROPS providers to ensure their schemes are compliant with HMRC rules, after its government passed legislation earlier this year to allow the schemes to go ahead.
Gibraltar has issued a statement saying that its pension fund administrators have been given the green light in writing by HM Revenue & Customs to resume handling qualifying recognised overseas pension schemes.
The Gibraltar Government intends to explore the new emerging BRIC markets, the financial services minister Gilbert Licudi outlined in his Budget address this week.
Gibraltars Financial Services Commission has announced the creation of a Funds Panel, after recent changes to its laws which are designed to bolster its appeal as a fund jurisdiction, particularly following the introduction of the Alternative Investment Fund Managers Directive.
The Gibraltar Parliament has paved the way for QROPS to return to the jurisdiction, by approving proposed amendments to its income tax legislation that, officials say, will satisfy the concerns of Britains tax authorities.
