If you are thinking of incorporating a business company abroad, Gibraltar is an attractive jurisdiction to consider. Establishing a corporation in this British overseas territory will allow opening a bank account in Lichtenstein that is one of the largest financial centers in the world.
Gibraltar stands out as one of the most convenient places where you can register a foreign company. Technically, it is part of the United Kingdom but the territory is rather autonomous. It has its own Parliament and its own Government with the Chief Minister as its head. Moreover, Gibraltar has an independent EU membership and thus it is going to remain in the European Union even when Britain exits.
Gibraltar enjoys full respect of the international community. It is never referred to as an offshore zone (in the derogative sense of the word) but it remains a low-tax zone anyway.
Gibraltar resident companies deriving profit from business operations abroad do not have to pay taxes on this profit. The corporate tax levied upon business transactions with local people and companies is 10% in this territory.
Besides, a full-fledged European country, Gibraltar is the only jurisdiction in Europe that does not levy the added value tax. Thus, all Gibraltarian companies are VAT exempt. To make the territory look even more inviting for setting up a company there, Gibraltar is not a member of the European customs union.
Incorporating in Gibraltar
The economic and political stability that the territory boasts attracts foreign investors. Currently, over 60,000 international companies are registered there.
We invite you to consider the opportunity to establish a non-resident business company in Gibraltar. A ‘non-resident company’ implies that its owners reside outside Gibraltar.
However, your company will have to have some physical presence in Gibraltar. In particular, you will have to rent an office space to serve as the company headquarters and as a postal address simultaneously. All the official correspondence related to the company activities will come to this address. In addition to that, you will have to employ a Gibraltarian resident as the company Secretary.
As far as the company beneficiaries are concerned, none of them will have to ever visit Gibraltar. With our assistance, your Gibraltarian company can be registered remotely. If yours is a joint-stock company, the Annual General Meetings can also be held in any country of the world besides Gibraltar.
Especially if you are not planning to be engaged into any business on the territory of Gibraltar, you can conduct your international business operations from any location that you like. These operations will remain tax-free in Gibraltar.
The annual company renewal fee (also known as compliance fee) serves to substitute taxes in a certain way but its amount is quite low – only 200 pounds. In comparison to establishing a business company in any other European country, the overall company maintenance costs are considerably lower in Gibraltar.
We will be happy to help you collect all the corporate documents that are needed for account opening with the bank that is described below.
In addition to that, we can assist you in the subsequent company renewal and maintenance. We will maintain the company legal address, keep the company secretary, file the tax reports for you, pay the yearly compliance fee, and so on. These services will come at an additional cost though.
A corporate bank account with a Lichtenstein bank
The bank that we are bringing for your consideration is located in Lichtenstein and it services clients from all parts of the world. The bank provides for the opportunity to open corporate accounts both for promising investors and for active merchants.
Lichtenstein is found at the very heart of Europe and it is known for its stable and profit-making banking sector. As well as many other microstates, Lichtenstein has opted for the development of its financial services, which helps compensate for the small size of the country and lack of natural resources. Evidently, Lichtenstein has succeeded at this endeavor as the country is surely prospering.
The Lichtenstein of today is not only a world business and financial center but also a center of advanced technologies. This small state has become an attractive platform for business organizations from all over the world.
You can find true professionals in Lichtenstein who specialize in banking, or securities, or investment products, or any other financial area. Meanwhile, the country’s legislation is in keeping with all international transparency standards and exchange of information requirements the OECD puts forward.
This jurisdiction is the home for the bank that we are promoting here. This is a bank with long-standing traditions and vast international experience. It deals professionally with the most demanding clients from Western and Eastern Europe as well as other world countries.
The bank is owned by three families one of which comes from Switzerland and the other two from Germany. Unlike some huge international conglomerates, smaller family banks value their reputation and thus they try to provide only the best and highly personalized banking services to their clients. Such banks also go bankrupt much less often.
The relatively small size of the bank and its stable management personnel will guarantee a special level of cooperation and professional approach to servicing every single client.
The largest shareholder in this bank is the Swiss family holding that works under the name of ‘Transinvest’. Originally, the holding was involved in transport and logistics services but it grew with time and at a certain point became interested in the banking business.
The Swiss Transinvest holding was founded in the late 19th century, which can serve as an example of a family business that values stability and purposefulness and wants to do something of universal importance. Currently, the holding operates in 35 countries. It employs around four thousand people and its annual turnover exceeds US$ 1 billion.
The services that the bank provides
The bank specializes in investment products and offers multiple tools to help increase the wealth of its clients. If you want to trade in the stock market, the bank will suit you perfectly well. If you want to have a merchant account in Europe and actively use it for business operations, the bank will suit you perfectly well again.
You can also open a corporate account with this bank. The minimum deposit requirement for such an account is 10,000 CHF or the equivalent in another currency. For a European bank with a strong reputation and an attractive range of products, this requirement is unusually low. For this reason, we strongly recommend that you consider this bank to service your Gibraltarian company.
Opening a current account with this bank costs 1,000 Swiss francs. The account maintenance fee is 375 francs per quarter. The required security deposit is 5,000 CHF.
The bank appreciates the importance of electronic commerce and allows opening merchant accounts as well. A European merchant account is a secure way to make and receive payments to and from your clients all around the world.
One of the most convenient services that the foreign clients receive with this bank is the Internet banking services. The bank offers a modern online banking system that will let you perform all the necessary operations such as making transactions, receiving payments, obtaining balance statements, and other types of bank statements.
Internet banking is a perfect way to have a 24/7 access to your capital, which will allow effectively controlling your business operations. Modern technologies let you feel safe and sure that your money is secure and under your full control.
The bank is proud to be a highly professional advisor in the area of investments products. It continuously provides private banking services to its individual and corporate clients who want to receive professional advice, consultations, and assistance in growing their capital and enlarging their assets.
The bank specializes in such areas as asset development, investment portfolio creation and development, and other investment and financial services.
On a special note, the bank cooperates not only with banking professionals but also with lawyers, tax experts, stock market specialists and all other professionals who can assist in building the right investment strategies for the bank’s clients.
Opening a corporate account with the Lichtenstein bank: the required documents
- A notarized and apostilled copy of the stock certificate if the company has issued shares; a trust declaration if the company has a corporate co-owner.
- A notarized and apostilled copy of the power of attorney if the company has a corporate director.
- Notarized and apostilled copies of the minutes of the General Meeting and/ or company Charter, and/ or Memorandum and Articles of Association and/ or Company By-Laws.
- A notarized and apostilled copy of the Certificate of Incorporation.
- A notarized and apostilled copy of the Certificate of Good Standing (if the company has been in operation for over one year) and the Certificate of Incumbency.
- A notarized and apostilled copy of the Certificate of Shareholders/ Subscribers.
- A notarized and apostilled copy of the Subscribers appointment of the company’s director(s).
- A notarized and apostilled copy of the document serving as proof of registered company office address.
Every bank account signatory shall submit the following documents:
- A notarized and apostilled copy of the foreign passport; copies of passport pages shall be of high quality.
- Power of attorney (if required).
Every company officer shall submit the following documents:
- Notarized and apostilled copies of the constitutive documents (registration certificate, company by-laws, etc.).
Every company beneficiary shall submit the following documents:
- A notarized and apostilled copy of the foreign passport; copies of passport pages shall be of high quality.
- The completed bank KYC form or a detailed CV in English.
- Reliable information about the sources of capital (tax return, profit and loss statement, salary payment, account statement, etc.).
- Proof of address.
- Company business plan and a detailed description of business processes (one to two pages in English).
- Account statements (if available).
- Documents confirming the company business activities (bills, contracts, agreements, etc.).
- A graphic representation of the company structure.
- The scheme of the expected incoming and outgoing payments.
Note: all documents supplied to the bank need to be written or otherwise translated in English. All copies including passport copies need to be notarized and apostilled.
If a company representative submits and signs the documents by virtue of the power of attorney, the bank will keep the original of the power of attorney. All other documents will be returned to the applicant after the application has been considered.
Setting up a corporate account with this Lichtenstein bank normally takes around ten business days since the date when the full package of documents was submitted.
First of all, you have to bear in mind that the first minimum required deposit has to be made BEFORE the bank considers your application for service.
We will check all the application document for you and obtain a preapproval from the bank. A preapproval means that the bank is willing to consider your application. It does not mean that the bank has consented to open an account for you yet. When we send the document package to the bank for the final consideration, you will have to transfer 10,000 CHF or the equivalent in USD or EUR to the account number that we will supply. Only when the money is deposited into this account will the bank start considering your application!
When your corporate account is set up, the whole sum will be transferred to it. In case the bank denies service to you, the money will be refunded.
The bank reserves the right to deny or terminate service to the corporation engaged in high-risk business activities such as:
- Gambling/ totalizators;
- Financial services involving the usage of third parties’ funds such as Forex, binary options, financial derivatives, security trading, currency exchange, payment services, taking an giving loans, and private investments;
- Adult services;
- Consulting and liaison services;
- IT and software development;
- Affinity marketing and SEO services;
- Trade in military machines, armor, and double-purpose goods;
- Trade in radioactive products.
Finally, you have to take into consideration the fact that an account with this bank will not allow making transactions in US dollars to the following countries:
Antigua and Barbuda
British Virgin Islands
Democratic People’s Republic of Korea
Republic of the Congo
Isle Of Man
Republic of Panama
Saint Vincent and the Grenadines
Federal Republic of Somalia
Saint Kitts and Nevis
Kingdom of North Sudan
Turks and Caicos Islands
Virgin Islands (USA)
Republic of Zimbabwe
Apply for our services
We invite you to consider applying for our combined service “a company in Gibraltar and a bank account in Lichtenstein”. If you are interested, please contact us via e-mail firstname.lastname@example.org and we will tell you what documents are needed to register a Gibraltarian company. (Naturally, this task has to be performed first.) If you would like to set up a company with a simple form of ownership, the list of documents is not going to be long at all. At the same time, we are prepared to register a company in Gibraltar for you even if it is to have the most complex ownership structure.
If you would like to make some queries prior to making up your mind about the matter, you are most welcome to write to the address indicated above. We have been providing these services for many years already and we know all the nuts and bolts that the company registration and account opening machines carry. With our assistance, you will have your Gibraltarian company functional within a few days, and your corporate bank account in Lichtenstein will be operative shortly after. And you will not even need to leave home in order to have it all!