Gibraltar

corporate Bank Account

Gibraltar is a British Overseas Territory and a private banking hub. Banks in Gibraltar target both companies and individuals looking at diversifying their investments and access to top-notch asset management services, as well as brokerage accounts.

Corporate and personal wealth management accounts are available, including banking services such as call deposits, term-deposits, discretionary portfolio management services, and brokerage accounts, among others. Traditional cash management and transactional banking services are also available.

Both Gibraltar and foreign companies, including companies incorporated in offshore jurisdictions, are eligible to open an account. Our banking connection understands family wealth structures well – the bank welcomes foundations and trust structures, and their underlying companies.

Investment funds may also be interested in their services. The bank provides brokerage and custodian services to regulated investment managers and professional investors.

All in all, Gibraltar is an ideal private banking option for companies that are looking at making the most of their reserves, as well as family wealth structures, fund managers, professional investors, and high-net-worth individuals.

We can help you open corporate and personal accounts in Gibraltar. Corporate Accounts are available for resident and non-resident companies. Personal accounts are available for both resident and non-resident individuals. We invite you to carefully review the requirements and services to better understand if their banking services meet your needs.

Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.

We can help you open business and personal accounts with several international banks in Gibraltar.
We work with 2 different banks in Gibraltar, each bank has different eligibility requirements, types of accounts available and onboarding processes.
We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs.

Banking options in Gibraltar

click the bank for more details

Moneycorp Bank Limited

Account Details

Corporate
Not Required
case-by-case

Eligibility

Turicum Private Bank

Account Details

Corporate
Not Required
USD 200,000

Eligibility

Country Details

Gibraltar
GIP
Gibraltar
Europe
27,884

Gibraltar is a British Overseas Territory located at the southern tip of the Iberian Peninsula, east of the Bay of Algeciras, and extends over the geological formation of the rock of Gibraltar, bordering Spain and communicating the Mediterranean Sea and the Atlantic Ocean. It has a population of 33,000 inhabitants in an area of less than 7 sq. km.

Its official language is English and its official currency is the Gibraltar Pound (GIP), pegged to – and exchangeable with – the British pound sterling at par value.

The central bank controlling the GIP, with the responsibility of minting coins and printing notes, is the Government of Gibraltar.

As a British Overseas Territory, Gibraltar has a governor, appointed by the monarch of the United Kingdom, who works as a representative of His Majesty's Government.

The governor is responsible for security in the territory and representation between the territory and the British Government; Also dissolves the legislature and acts to enforce the laws.

The Government of Gibraltar is elected for a term of four years. The unicameral Parliament currently consists of seventeen elected members. The head of the chamber is appointed by a resolution of the Parliament. The head of government is the Chief Minister.

Gibraltar is part of the European Union (EU) although with a special status. Being a British Overseas Territory, the UK is in charge of foreign affairs and business affairs.

According to the Treaty of Accession of the United Kingdom to the European Economic Community (EEC) in 1973, Gibraltar entered the EEC as a 'European territory whose external relations the UK Government is responsible'.

Gibraltar is the only European territory enjoying this status in the European Union. In the referendum of Brexit, its population voted mainly in favor of staying in the European Union.

As negotiated by the UK at the request of the Gibraltar government, some EU laws do not extend to Gibraltar. According to several provisions of the Treaty of Accession of the United Kingdom to the European communities, Gibraltar:
- It is outside the customs union of the EU. - It is excluded from the Common Agricultural Policy (CAP). - It is excluded from the harmonization of VAT. - It does not allocate any part of the customs revenue to the EU. - Its economic activity is conditioned by its physical limitations and the lack of open land, which make agriculture non-existent.

It maintains a small amount of light industry for domestic consumption such as beverages. The main sources of income are on shipping, tourism, financial services, and the Internet.

In recent years there has been a significant expansion of hotel facilities to stimulate tourism. The port facilities occupy most of the western shore of the territory, as well as a portion of land gained to the sea in the bay of Algeciras.

In 1998, Gibraltar developed a tax law that made it an active offshore financial center, and currently boasts a broad offer of banks, investment banks, insurance companies, credit card companies, consumer finance companies, government-sponsored enterprises, and stock brokerages.

Gibraltar has become a center for Internet gaming companies. All gaming operations in Gibraltar require licensing under the Gambling Act of 2005. Despite the difficulties in obtaining these licenses, there are currently several operating in the Rock, some of which are among the world’s largest.

Services & Fees

Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal 'back and forth' and a smooth account opening process.

Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is available if the account is not successfully opened subject to our terms of service (20% to partly cover service and payment processing and administrative costs apply).

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