There is a new trading/ broking office setting up in Gibraltar, so there is still alot of interest in working from the Med. Great tax advantages and sun almost 300 days a year !
Assume he means: http://www.quayfinancials.com/ (No connection - just know some people who set it up and work there) Other firms: TTR (http://www.ttr.gi/) Marex (but only with a very small operation compared to a few years ago - They are actually in the same office as TTR at the moment)
I can clearly see the tax adavantage if you live there but what the point if you have to bring back your profit to your home country ? Don't you get taxed at that time or do you use an international debit card and leave the funds in Gibraltar ?
it all depends from where you come. USA people are fucked up. i am an italian citizen, and if i live in Gibraltar for real, and bring back my money when i go back home, no tax to pay
You do not pay UK tax on your income if you have worked and paid the HEPPS tax in Gibraltar. There is no double taxation. The Gibraltar HEPPS status means that you pay approx 27k per year as tax regardless of your income. So whether you earn 5k or 200k you still pay the 27k pa.