A little bit of Britain in the south of Spain, Gibraltar is a self-financing, self-governing British Overseas Territory with a can-do, business-friendly economy that has encouraged many new companies to set up there. The government insists Gibraltar is not a tax haven but it does operate a low tax regime with a flat Corporation Tax rate of 10 per cent and no VAT, Inheritance or Capital Gains Tax.
Gibraltar is a rocky peninsula at Europe’s southern tip, just three miles long, and dominated by the soaring limestone cliff that gives the country its nickname of “The Rock”. Cross the border and you are in the thoroughly Spanish region of Andalucía but Gibraltar remains recognisably British from the household British retail brands operating there to the British pounds in their tills.
Gibraltar is safe and sedate with a wonderful climate and a high standard of living that appeals to many high-net-worth individuals. A modern airport terminal provides regular links to several UK airports and the world-famous golfing and sporting resort of Sotogrande is 15 minutes drive across the border in Spain. There are a further 100 golf courses in Andalucía as a whole.
Property for sale includes waterfront apartments and villas with boat berths at Island Marina and apartments in the modern towers overlooking the marina and airport at Ocean Village. Demand for rental properties is high led by the number of business executives relocating to Gibraltar.