Filing with the Registrar of Companies
An annual return should be filed to the Registrar of Companies.
The first return should be submitted within 15 months of incorporation and thereafter once every year.
The type of annual accounts that need to be filed with the Registrar of Companies depends on the classification of the company; small, medium or large.
A company must fall within 2 of the relevant 3 parameters in the financial year in question and the preceding year in order to be classified as small, medium or large.
A company that exceeds or ceases to exceed the limits of more than 1 of the relevant parameters continues to qualify for the relevant year unless this occurs in 2 consecutive years.
Newly incorporated companies need to satisfy 2 of the relevant 3 conditions in their first accounting year:
||Up to £4.8m
||Up to £19.2m
|Balance Sheet assets
||Up to £2.4m
||Up to £9.6m
|Average no. of employees
||Up to 50
||Up to 250
Small companies are required to file abridged balance sheet only.
Medium companies are required to file full audited accounts, the profit and loss account of which can be in an abridged format.
Large companies are required to file full audited accounts.
Filing with the Tax Authorities
The Gibraltar Non-Resident Company is not considered a tax resident of Gibraltar and therefore is not required to file an annual tax return to the Tax Authorities.