The site has been designed and is run by Joey Garcia a Funds lawyer working at Gibraltar's longest established law firm ISOLAS. Contact details are listed at the bottom of this page.
Isolas were delighted to win the recent award for BEST LAW FIRM FOR FUNDS, GIBRALTAR at an awards ceremony held in London by funddomiciles.com. Full story regarding the award is available to view here
UPDATE
Please feel free to view or download our most recent Newsletter available to view here. The newsletter deals with the recent Cayman 'Weavering' decision, along with other up to date news in respect of Gibraltar Funds. Other Newsletters are also available below, or through the ISOLAS website.
The Global Financial Centres Index (GFCI, available here) prepared by the City of London which deals with both onshore and offshore funds jurisdictions Gibraltar ranked 25th in the world, one place behind Amsterdam, two places behind Dubai and three behind Washington D.C. Gibraltar also ranked above centres such as the BVI, Monaco, Qatar, Milan and Madrid. This placing reflects to a certain extent the fact that Gibraltar is a highly regulated jurisdiction, operating internationally recognised, and EU standard anti-money laundering and Organisation for Economic Co-operation and Development (“OECD”) conventions and has enacted legislation with regard to the allowance of regulated and unregulated collective investment schemes.
- Gibraltar is an emerging funds jurisdiction. EIF offers a highly flexible solution for setting up an EU based fund.
- Gibraltar and Gibraltar funds operate within an established and highly competitive European tax environment. Gibraltar introduced a 10% corporate tax rate in 2011. Gibraltar Funds are not subject to taxation, and there are no withholding taxes on payments to non-Gibraltar residents.
- Our position within Europe and application of the European Parent Subsidiary Directive to Gibraltar offers unique opportunities for private equity and property funds.
- Licensed activities such as investment management can be passported across the EU on basis of Gibraltar license
- No requirement for investment manager to be based in Gibraltar, fund can be managed by its directors.
- Established finance centre and a high level of regulation (see below).
- The size of the jurisdiction ensures that counterparties can work closely together when required and provides simple 'one stop' solution.
- Cost effective operations and Gibraltar's reputation as an emerging jurisdiction make it extremely attractive for start up operations and smaller boutique funds.
The financial services industry in Gibraltar is regulated by a statutory body corporate, known as the Financial Services Commission (“FSC”) (www.fsc.gi), and originally established in 1989. The FSC’s commitment to providing financial services regulation in an effective and efficient manner, distinguishes Gibraltar as a quality finance centre whose solid reputation was most recently reflected in the International Monetary Fund (“IMF”) evaluation on Gibraltar’s supervision of Banking, Insurance and Anti-Money Laundering measures which further endorsed Gibraltar’s robust regulatory environment. The report along with responses to the report are available from the FSC website here
Gibraltar has been the subject of various special reports as an emerging jurisdiction in the offshore funds world. The report above is the first installment from the HFM Week publication covering issues such as Gibraltar's strength as a funds jurisdiction. The article is available to view in full size by clicking on the link or through 'news and publications' as a download.
Information regarding the Gibraltar Experienced Investor Fund is available to view in the document above.
Recognising the issues that face the Funds both offshore and onshore from a legal aspect is extremely important to consider at a drafting and preparation stage. We were happy to contribute to the Hedge Fund Review Legal Round Table discussion on the issues facing Hedge Funds in their publication available to view in full by downloading from the following link. Further publications are available to view and download from our 'news and publications' section. Also do check our blog to be updated on any news and developments within the sector and Gibraltar in General.
CONTACT
Joey Garcia
Isolas
Portland House
Glacis Road
Gibraltar
Tel:+35020078363
Fax: +35020078990
email: joey.garcia@isolas.gi
Joey Garcia
Isolas
Portland House
Glacis Road
Gibraltar
Tel:+35020078363
Fax: +35020078990
email: joey.garcia@isolas.gi