The share capital may be in any currency. The company must use the suffix Limited or Ltd. to denote limited liability. Special permission is required for names such as European, Gibraltar or International. The authorized share capital and the classes of shares. Bank interest earned in Gibraltar is not subject to local taxation.
Exempt companies pay tax on a per annum flat rate basis, regardless of profits.
Foreign companies pay 300 pounds, companies which are not ordinarily resident in Gibraltar pay 200 pounds and resident exempt companies pay 225 pounds. For the grant of exempt status companies apply under the Companies Ordinance to the Financial and Development Secretary. The Exemption Certificate is valid for 25 years and is renewable after that. The companies can be either foreign, branches of foreign companies or companies incorporated in Gibraltar. Exempt companies may be controlled and managed from within Gibraltar without loosing their freedom from local taxation.