Non-resident controlled companies can enjoy the same advantages as Tax-Exempt Companies and are generally used for the same purposes. They cost less to maintain since it is not necessary to take out a Tax-Exempt Certificate.
In order to be exempt from tax in Gibraltar such companies must fulfil the conditions of a Tax-Exempt Company (other than taking out a Tax-Exempt Certificate). In addition, the directors must generally be resident outside Gibraltar. Such companies will be exempt from tax in Gibraltar since they do not trade in or with Gibraltar and their directors are non-resident.
