If you are looking for a change of lifestyle, you will find that Gibraltar holds many attractions. The climate is good and we miss all the extreme weather conditions which both northern and southern countries have to endure annually. The standard of living is that of northern Europe. Education and public medical care is of the highest level. Southern Spain is a natural extension of Gibraltar and access to the rest of the world via London or Madrid is available by air.

Gibraltarians are enterprising and hardworking and have perfected a happy balance between industrious activity and leisurely enjoyment of life. Highest quality accommodation is available both for purchase and rental. All the commercial and business facilities and high quality professional services which may be required also exist.

An EU national, as of right is entitled to live and work in Gibraltar. Such a resident would be liable to Gibraltar tax on his/her income in the same way as Gibraltarians who are ordinarily resident in Gibraltar.

There are two special low-tax regimes available in Gibraltar which are known locally as Category 2 Residence and HEPPS status. Further information appears below.

Low-Tax Fiscal Residence in Gibraltar (Category 2 Residence)

In Gibraltar this type of residence is popularly known as Category 2 Residence. This enables a non-Gibraltar resident to obtain tax residence in Gibraltar thus avoiding paying personal taxes in his/her own higher tax jurisdiction.

In order to qualify for Category 2 Residence, it is necessary to establish two things: (1) ownership of assets, which can include property and shares, worth in excess of £2 Million and (2) the availability to the applicant of approved residential accommodation in Gibraltar for his/her exclusive use.

Proof of Wealth

Bank statements or letters from a bank manager or accountant are acceptable as proof of wealth. Non-monetary assets such as shares and property are acceptable upon production of suitable documentary evidence of value such as an accountant’s valuation or surveyor’s report.

Approved Property

A residential property approved by the Finance Centre Director must be purchased or rented within two months of being granted Category 2 Residence.


The amount of tax payable to the Gibraltar Government currently ranges between a minimum of £22,000 and a maximum of £27,560 per annum maximum. The precise amount of tax will depend upon: (i) how much money is remitted to the applicant in Gibraltar and (ii) the amount of taxable income earned by the applicant within Gibraltar in each financial year.

The tax year starts on 1st July. A return, with the local Tax Authorities, needs to be filed by 30th November each year. 50% of the tax is payable by 31st December and the remaining 50% by 30th June.

Application Procedure

The following documents must be produced.

  1. Documentation showing wealth in excess of £2 Million.
  2. A character reference from a bank and a second one from a lawyer, accountant or other bank.
  3. A CV documenting the source of the applicant’s wealth.
  4. An application form which we will provide.

A non-refundable application fee of £1,000 is payable to the Gibraltar Government.

Spouses & Children

There is provision in the law to allow spouses and children (under 18 or in full time education) to be granted Category 2 Residence under the same certificate as the principal applicant.

Alternative Residence Status - High Executive Possessing Specialist Skills (“HEPPS”)

HEPPS status allows specialist skilled workers who earn more than £120,000 per annum to have special fiscal status in Gibraltar. They need to buy or rent a suitable property in Gibraltar and, upon their application being accepted by the Finance Centre Director, they will be able to limit their tax liability to the first £120,000 only. In practice this amounts to £32,050 per annum.

Our People

Marc X. Ellul
Managing Director
Neil A. Lopez