The Australian sports hedge fund Priomha, will be establishing a presence in Gibraltar.
According to news reports, Priomha Capital Pty Ltd, an Australian hedge fund plans to relocate and have an office in Gibraltar by the end of 2015.
The Melbourne-based fund believes the move to Gibraltar will attract more European and American clients and believe their relocation will double the A$5 million ($3.9 million) they have under management.
Many European bookmakers and gaming industry services companies are currently domiciled in Gibraltar, which means the Australian fund Priomha is able to use the existing expertise of lawyers and other professional services based there as well as the benefits of a well regulated jurisdiction.
The advantages of incorporating or transferring to a Gibraltar company are many. Incorporating a Gibraltar company is a simple process that can create a solid, stable platform for you or your clients business and investments.
So, What are the Advantages of a Gibraltar Company that YOU can Benefit From?
- No tax on profits; A Gibraltar company conducting profit-making activity outside of Gibraltar will not suffer tax on its profits.
- Low tax-rate of 10%. Only profits accrued in or derived from Gibraltar will attract corporate tax.
- Gibraltar is part of the EU and is subject to EU directives on banking, insurance and financial services. Gibraltar has implemented the EU directive on administrative cooperation on tax matters with all 28 member states.
- The legal system in Gibraltar is based on English Common Law with some local statute law variations. As part of the European Union, Gibraltar provides easy access to the EU financial markets and as such is subject to its directives and regulations.
- Stable financial centre. Gibraltar has a stable Government and has in place Banking, Insurance and Companies Acts as well as a Financial Services Act.
- Gibraltar has been listed as a “White” territory by the OECD since 2009.
- Excellent regulation of company managers and trustees. Trustees and Company Managers must be authorised and are regulated by a supportive Financial Services Commission.
- There is no VAT in Gibraltar; therefore VAT is not an issue from a Gibraltar tax perspective.
- Quick company incorporations. Companies can be incorporated within a matter of a few days.
- Easy company administration. Documents can be prepared, notarised and legalised within Gibraltar itself.
- Low cost. All business costs are extremely competitive when compared with other Jurisdictions.
- Shareholders may be individuals or corporate entities. Gibraltar companies are flexible to your needs.
- Company structures can be private. A Gibraltar company may dispense with the requirement of Annual General Meetings of shareholders.
- Stable currencies. The currency is the Pound Sterling but Euros are widely used.
- Company offices need not be resident in Gibraltar.
- Secure and reliable communications and travel. Gibraltar has satellite based digital telecommunications systems, efficient postal service and daily scheduled airline services.
Working with Europa Trust Company Ltd
Europa Trust Company Ltd, part of the Europa Group, has been based in Gibraltar for 30 years and has built a reputation as a stable and reputable business.
We provide a comprehensive range of company and trust formation and management services including company and trust administration, corporate directors, shareholders and secretaries, accounting, marine registration and other associated services.
Europa Trust Company Ltd is able to work in over 31 jurisdictions around the World.
We are licensed and regulated by the Financial Services Commission and ISO 27001 (Information Security Management Systems) and ISO 9001 (Quality Management Systems) certified.
Contact us today to find out how we can help you.