Gibraltar

1. Introduction
Last British Crown Colony in Europe. Self governing in all matters. Legal system is based on English common law.

2. Advantages
-member of EU through UK but Gibraltar is excluded from the operation of EU law on the common agricultural policy and the application of value added tax.
- lowest prices for incorporation and annual fees in Europe tax havens.

3. Disadvantages
-the full anonymity is not possible. Though it can be obtained by nominees.

4. Company name
-sensitive words Bank, Royal, Insurance, Gibraltar, Holdings etc.
-must end "Limited"

5. Minimal number of shareholders
-two (individual or corporate)

6. Shares issued to bearer
-possible

7. Minimal number of directors
-one (individual or corporate)

8. Annual reporting
-bookkeeping accountability is not required

9. Optimal authorized share capital
-GBP 2000

10. Obligation to pay up for the shares
-not required

11. Local requirements
-legal address and an agent, resident in the Gibraltar

12. Information, available on the public file
-Memorandum and Articles of Association
-number and date of registration
-name of registered Agent and Registered Office
-names of shareholders, directors and secretary

13. Time Scale
-from shelf: 3 days for courier
-with name, proposed by the Client: 14 days