Gibraltar companies have the opportunity to enjoy tax incentives, which are many in the jurisdiction. So, local companies do not pay tax on dividends, inheritance, capital gains. Non-resident enterprises that do not conduct business in the territory of the jurisdiction and do not keep money here are exempted from paying corporate tax. The standard corporate tax rate is one of the lowest in Europe - only 10%. The organization of a cryptocurrency exchange or ICO in Gibraltar is carried out within the framework of a clear legislative framework, and business is conducted in a stable environment. Entrepreneurs receive full assistance from the regulator, as well as a number of advantages in their work:
the taxation system in Gibraltar is as transparent and understandable as possible;
all information about the required licenses is publicly available;
the regulator gives useful advice on improving business processes, and provides all kinds of assistance in this matter.
The Financial Commission or national regulator GFSC works with each license applicant on an individual basis. The company is checked for compliance with the basic requirements, the business complexity is assessed, and there is constant interaction between the regulator and the applicant. Yes, such processes last several months, but as a result, a blockchain or ICO project gets a license and goes to a completely new level.
After all, such a permit document allows businesses to work with financial institutions without fear of a sudden blocking of accounts. Customer confidence in a licensed company increases, resulting in increased profits. Gibraltar blockchain or ICO license enjoys a well-deserved reputation around the world.
More here - https://www.worldbank.org/
Comments