Insurance companies in Gibraltar are regulated by the FSC and have to comply with all EU law but can take advantage of the 3rd Life and Non-Life Directives. An insurance company registered in Gibraltar can underwrite risks in other Member States within the EU on a ‘provision of services’ or ‘establishment’ basis under a single licence issued by the Home State regulator – the FSC. This facility to insure risks in other Member States is often called “passporting”. As such, Gibraltar is extremely well placed to benefit from the single market in insurance.
Shorter licensing periods
Lower capital requirements
Lighter and more responsive regulation
No Value Added Tax
As one of the largest insurance managers in Gibraltar, we have an established track record of assisting companies in successful licence applications. We have a wealth of invaluable experience which could be particularly vital during the early stages of your company’s operations.