FINANCE Banking Gibraltar offers many well known international names providing the full service expected in modern banking. The industry is well established with total assets at 31 March 2008 in the region of Sterling £11 billion. As a location Gibraltar has advantages for bankers and clients which include: banking confidentiality, sterling as well as other currencies, no exchange control, English language and European time zone. The standards of supervision and regulation match those of the UK and are under the Financial Services Commission controlled by a Commissioner of Banking.
of a Deposit Guarantee Scheme (in compliance with EU Deposit Guarantee Directive) and an Investor Compensation Scheme (in compliance with EU Directive on Investor Compensation Schemes).
Investments Subject to compliance with the Financial Services Act a range of opportunities exist for Unit Trusts, Experienced Investor Funds, mutual funds and other investment vehicles to be controlled from Gibraltar. Some of the obvious benefits for such controlled operations include, no capital gains tax, no profits tax (in certain conditions), no withholding taxes and minimum stamp duty requirements. Gibraltar has investor protection in the form
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