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Octopus: Streamlining Gibraltar Company Formation for Success

by | Dec 13, 2023 | Gibraltar

Octopus: Setting Up Your Company in Gibraltar Made Easy

Establishing a business in Gibraltar offers a strategic advantage with its unique blend of British influence and Mediterranean allure. The process of setting up a company Gibraltar has been made remarkably easy, thanks to a range of specialized services and business-friendly regulations in addition to our online forms and use of technology to ensure a paperless and streamlined process.

Gibraltar Company Formation Services:

Gibraltar is a regulated industry for company formation services. At Octopus, we have streamlined the often-complex process of establishing a business using technology to ensure a smooth process and happy customer experience. Our services guide entrepreneurs through both the legal and administrative requirements for resident and non-resident Gibraltar companies.

A standard incorporation would be expected to be completed in 3-4 days once the compliance and due diligence process has been completed. An urgent incorporation can be undertaken on the same day for an additional fee.

Gibraltar Business Assistance:

Business assistance in Gibraltar extends beyond company registration. At Octopus we provide ongoing support, finding suitable offices, applying for business licenses, tax numbers and employment trading registration for local businesses.

We advise clients as Secretary on filing deadlines and regulatory changes to ensure the company remains in good standing.
We assist clients with opening bank accounts or electronic money institutions (EMI’s) in Gibraltar or abroad. Each bank or EMI has their own requirement, so we guide clients through the most suitable options.

Setting Up a Business in Gibraltar:

Engaging the services of Gibraltar company registration experts like Octopus is a key step in the process. We are well-versed in local regulations, ensuring that the company registration adheres to legal requirements and industry standards.

Choose a Company Name: Decide on the most suitable name for your business and we will check the company registry to ensure the name is available. Try to ensure the name is as unique as possible. If you use abbreviations, please explain what they stand for.

Business Name Registration: We can also register business names for companies with Companies House in Gibraltar if there are more than one trading names or activities.
Prepare Documents: Completion of company order form, individual form and provide necessary documents: proof of identification (passport or ID card), proof of address (utility bill or bank statement dated within the last three months), an up-to-date CV or linked in profile, and evidence of the initial source of funds being used to pay for the company.

Compliance Checks: The Octopus compliance checks are partially automated when uploading documentation through our ID verification system and partially manual. Once these are completed, we can proceed to the next stage.

Engagement: We issue an engagement letter via our secure portal for electronic signature and email the invoice for payment. The invoice can be settled directly via a bank transfer or we can issue a link for payment by card.
Submit Application: Once the documents are received, we file the required forms and pay the registration fees to complete the company registration process.

Ongoing Support for Gibraltar Companies:

Corporate services in Gibraltar encompass a wide range of offerings, from registered office facilities, corporate secretarial services to accounting and bookkeeping services. These services allow businesses to focus on their core operations while ensuring compliance with financial and legal obligations.

At Octopus, unlike many other businesses we are independent from accounting practices and legal firms with our core business being incorporating and managing companies in Gibraltar.
We have implemented online systems therefore creating a paperless office environment. All of our paperwork is via online forms and by clicking a button our administration team will receive a request to prepare a company change.

We have diarised systems for preparation of annual returns, filing of accounts and tax returns if we are engaged to provide these services. All our fees are invoiced in advance so there are no hidden costs or time charges down the line. If the invoices are settled, the deadlines are not missed providing the information is passed to us upon request.

Corporate Directorships:

Octopus offers Corporate Directorships to companies who want to ensure the management and control is based in Gibraltar. By acting as Corporate Directors, we can open a Gibraltar bank account for the company. We would be signatories on the company and would sign any documentation on behalf of the company or contracts that are entered into.

Tax Advice:

Tax advice should be sought in the country of the client’s residence. Each country has their own tax regime and Octopus cannot be held liable for the individuals tax circumstances.
We can assist guiding you on the Gibraltar tax rules although we do not provide formal tax advice.

Conclusion:

Octopus can play a pivotal role in guiding entrepreneurs through the intricacies of the setup process. Our expertise spans company registration, licensing, and compliance, providing invaluable support to those unfamiliar with local regulations.
We offer tailored solutions, considering the specific needs and goals of each business and covers aspects such as choosing the right business structure, understanding tax implications, and navigating regulatory frameworks.
Setting up your company in Gibraltar can be a straightforward and efficient process should you choose to use Octopus.