Gibraltar Location

3.5 Investment Incentives Including Government and EU Funds

The Gibraltar Government is keen to encourage inward investment particularly in those areas that will generate significant job opportunities for the local workforce. There is a wide range of fiscal and financial incentives as shown below.

3.5.1 Financial incentives
EU Funds

EU funding has been a major source of finance for economic regeneration in Gibraltar in recent years. Gibraltar has recently been eligible to support under the European Regional Development Fund (ERDF) (for business creation and expansion, technology transfer, and environmental and infrastructure projects) and under the European Social Fund (ESF) (for training and retraining projects).

The ERDF Program mainly focused on infrastructure projects and the creation of businesses and sustainable employment, while the ESF Program dealt with extending employment opportunities and developing a skilled and adaptable workforce.

Both these programs operated under the 2007-13 Regional Competitiveness and Employment Objective and are now closed. New programs have been launched as from early 2015. Please visit the Gibraltar EU Programmes Secretariat website for more information. Wholesale, retail, financial services and mobile investments are areas of business activity that, typically, are not eligible for funding. Gibraltar also participates in the Interreg program, whose aim is to strengthen transnational and cross-border cooperation via joint local and regional initiatives.

3.5.2 Fiscal Incentives

Qualifying (Category 2) Individuals commonly known as “high-net-worth individuals” (see Section 5.11.3) pecialist Skills (HEPSS) (see Section 5.11.4) Development aid (see Section 5.3.5) Joint venture companies Amounts invested in companies of which the Gibraltar Government is a member may, subject to such conditions as the Government prescribes, be offset against assessable income. Tax deductible property zones (See section 5.3.5)