Gibraltar Banking

Gibraltar companies generally should not bank in Gibraltar to ensure that no income arises locally (please see our main article on Gibraltar private companies for more information). Foreign companies may wish to bank in Gibraltar though this may require a meeting with the bank. An alternative is banking in Malta for both Gibraltar and Foreign companies which can usually be achieved with less bureaucracy, though a week or two should be allowed for account opening formalities.

Personal accounts are available in Gibraltar but are generally subject to reasonably high minimum balance requirements. Personal accounts held in Gibraltar for persons who are not Gibraltar residents will not be subject to any tax except in respect of interest arising on those accounts which will be deducted by the bank automatically.