With its special terms of EU membership, Gibraltar provides an extensive selection of products and services that meet the requirements of both local and international investors. As a modern, vibrant, low tax jurisdiction, it likewise has first rate professional infrastructure that is fully compliant with European standards of regulation. The numerous international trading entities and financial services companies, which already have a base in Gibraltar, are testament to this.
The economy has often been described as one that is ‘running on all cylinders’. Its main economic growth attributers include general trade, the provision of financial services and communications (including e-gaming), tourism and maritime activities.
- The Finance Centre – Banks, trusts, insurance and reinsurance companies, high quality ancillary services such as accountancy and legal practices as well as communications and information technology providers have all made Gibraltar the first class international business hub that it is today.
- Tourism – Every year millions of visitors come to Gibraltar by air, land and sea.
- E-Gaming & Maritime Services – There are two key factors of the economy that have brought prosperity to Gibraltar. Vessel bunkering, for instance, remains a longstanding and prominent sector.
The prosperous economic performance of this unique European jurisdiction has benefited the whole community in terms of greater public spending on essential provisions such as health, education and social services. The government attributes Gibraltar’s successful development to its pursuit and implementation of policies that create and sustain a stable environment that increases business activity and investor confidence.