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The Gem That Is Gibraltar - Wealth Management - IMPERIO BRITÁNICO Y RAPIÑA ECONÓMICA
de Administrador AESIL - Sunday, 8 de December de 2013, 14:42
 

http://www.wealthwatch.tv

I was recently invited to join a select bunch of financial experts in the elevated surroundings of London's Guild Hall. Why? To have lunch with Gibraltar's First Minister Fabian Picardo and Finance Minister Albert Isola. 
I regard it as my mission to bring you information on wealth creation and wealth protection that you won't find in the usual places. So think of this gourmet lunch with champagne, Beef Wellington and petit fours as drudgery I'm prepared to suffer on your behalf. 
And I have to say it was worth it. If you've been following my content for any length of time you'll know that I regard Gibraltar as the best kept secret in Europe . Let the mediocre majority focus on the occasional stories about delays crossing the frontier caused by the latest tiff with the Spanish. If you want to be in the top twenty per cent when it comes to wealth creation and wealth protection, you need to think differently to the crowd. 
Gibraltar has been British for three hundred years and no British government is going to let that change. Spain is completely broke and on the verge of asking for a Eurozone bail out so, regardless of the rhetoric, its government cannot afford a costly fall out with Britain. 
The reality is, Gibraltar is on a tear. Its GDP growth in 2012 was a staggering 8%. Yes, better than China's. Sixty per cent of all online gaming transactions worldwide are with companies based on The Rock. Gibraltar is part of the EU, and complies with all EU requirements on corporate governance, taxation and fund management.
And yet, Gibraltar has no VAT, no capital gains tax, no wealth tax, no inheritance tax and very low rates of corporation tax. It's a bit like Britain was forty or fifty years ago before the zombie politicians took over with their tax and spend big statism. 
There are two categories of citizenship that might be of interest to you. First, if you have particular skills that are in need such as fund management, specialist IT skills such as running online gaming platforms or setting up and running trusts, High Executive Possessing Specialist Skills (HEPPS) programme. This means you are only taxed on the first £120,000 of your income, which effectively caps your tax bill at around £30,000. 
If you're a business owner who couldn't stomach working for someone else , or maybe you've sold your business or are considering retirement, you might be interested in Category 2 residence. If you have a net worth of £2 million or more, and you acquire a qualifying home, you should be able to obtain category two residency. And that means tax on your world wide income is capped at just under £30,000 a year. And that includes the income of your spouse and children.
If you want to pass valuable family assets on to the next generation, wouldn't it be nice not to have to worry about inheritance tax. Although the tax rate remains static in the UK, the tax free allowance of three hundred and twenty five thousand is likely to be frozen for another five years so its effectively going down by the real rate of inflation each year. So you can wave goodbye to thirty to forty per cent in real terms over that time. 
And, unlike many countries with a favourable tax regime, there are no minimum presence requirements once you qualify. Of course, that nice Mr Osborne doesn't want to make it too easy for us to escape High Tax Blighty, so there are some heavily revised rules that have to be taken into consideration before making a decision to relocate your tax residence.
It all depends on the number of ties you have, but you should assume anything from forty five to ninety days would be the maximum time you could spend in Britain. If you can't survive without seeing the grandchildren every weekend, Gibraltar may not be for you. 
What I've found is a clear split. If Gibraltar works for you, it works brilliantly. If it doesn't work for you, you'll be cursing me for ever mentioning it and sticking another sharp object in that effigy of me that you keep by your desk. 
My point is, don't rule it out without giving it a serious look. Even if you can't make the two million threshold, there could be some very sound reasons for relocating. If you've got questions, just pop them in the comments box under the video and I'll do my best to answer them .
And remember, this is our secret so don't tell anyone and be careful out there.