Gibraltar Trust Management
Trust management has been a significant activity for Gibraltar for more than fifty years. Originally most trust business emanated from rich UK individuals and was tax-related, but asset protection trusts have become important in recent years, with a much more diverse clientele.
The banking sector is well established in Gibraltar in both the offshore and local market. See Offshore Business Sectors for details of the offshore banking industry.
There were 26 banks in Gibraltar in 1996, but this number had dropped to 17 by 2008.
Most of the banks established in Gibraltar are branches of major UK, European or US banks. Much of the banking activity in Gibraltar is directed to asset management for high-net-worth individuals, not least because Gibraltar has tried hard to attract such people with special tax regimes. See Personal Taxation for details of these schemes.
Our Accounting and legal professionals are able to offer trust management without separate registration, our firms must obtain licenses for trust management from the Financial Services Commission.
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