Gibraltar is now
the most obvious choice for certain classes of quality business and offers
various benefits to potential insurance companies.
Ability to passport
insurance rights into any other European Union member state under the terms
of relevant insurance directives.
Focused approach
allows Regulator to more closely study business plans submitted and ensure
quality of underlying business will enhance the excellence of Gibraltar as
a place to conduct Financial Services.
Solvency standards
applied by the Gibraltar Financial Services Commission ("FSC") above the minima
required by the European Commission.
Focused team at
FSC applies extremely close degree of supervision of businesses established
in Gibraltar, to match and in some areas exceed that applied by most jurisdictions.
Gibraltar Regulator
is accessible and encourages dialogue to be established to assist potential
businesses in understanding licensing process and ongoing regulatory requirements.
This approach acts as a filter resulting in higher quality submissions.
Favourable taxation
environment currently in place.
