Licensing Criteria and Procedures for Applying for Gibraltar Distributed Ledger Technology Provider’s license
General information
Company structure
- At least 1 shareholder (the maximum 50 shareholders) (no nationality or residency restrictions)
- At least 2 directors (at least 1 director with full voting rights has to be local)
- A minimum of 1 additional Key-role employee in Gibraltar. This individual can live in Spain providing that it is between Marbella and Tarifa
Confidentiality
- Beneficial owners' details – Not part of public record (a new regulation requiring to disclose BO's is expected)
- Shareholders' details – Part of public record
- Directors' details – Part of public record
Taxation
- 0% tax rate on profits gained outside the Gibraltar
- 10 % tax rate on profits obtained in Gibraltar
- 0% of Value Added Tax
- 0% tax rate on import and export of all forms of art
- Other taxes: 0% (tax on capital gains or paid dividends, wealth tax, estate duty)
Accounting requirements - Must be submitted to the Company Registrar on annual basis
Audit - If the entity is licensed - an annual audit is required
Secretary - Required
Registered office - Required
Registered Agent - Required
In order to obtain a license, the following steps will be carried out:
- Preparation of application forms
- Reviewing and amending the white papers and other policy documents forming part of the application
- Incorporation of the company
- Bank account application
- License application with the Regulator
In order to obtain license, Offshorelicense will fill all necessary application forms and also acquire apostilled corporate documents.
For the Company:
- Detailed White paper
- Operational platform
- Website
- Company will need to present its Financial projections
For the Applicant:
- Notarized Passport
- Notarized Utility Bill
- Certified Bank Statement
- Two professional reference Letters
- Proof of source of funds
- Notarized non-criminal records
- Signed and Dated CV
- Notarized copies of Diplomas
N.B.
- If documents are not in English language or language of particular country, then they must be accompanied by a notarized translation.
- Please ensure that notarization is in English language if not then please provide with notarized English translation.
Additional documents may be requested by the regulatory authority or local Bank at any point to certify specific information.