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Gibraltar Banking License

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Gibraltar Banking License: GFSC Authorisation Under the Financial Services Act 2019

The Gibraltar Financial Services Commission (GFSC) regulates banking under the Financial Services Act 2019. Gibraltar is a British Overseas Territory on the southern tip of the Iberian Peninsula, offering a common law legal system, an English-speaking professional services community, and a compact but well-regulated financial services sector. Gibraltar is outside the European Union post-Brexit, though market access arrangements between Gibraltar and the UK under the Gibraltar-UK Financial Services Agreement provide passporting-equivalent access to UK markets for Gibraltar-licensed firms.

Gibraltar is a recognised international financial centre for banking, insurance, and digital assets regulation. The GFSC has developed a reputation for engaging constructively with applicants and maintaining clear regulatory standards aligned with international best practice.

Minimum Capital

GBP 5 million minimum initial capital, subject to individual capital guidance issued by the GFSC based on the risk profile and business model of the applicant.

Four Eyes Principle

At least two executive directors with demonstrable banking competence are required. All directors and controllers are subject to the GFSC fit and proper assessment under the Financial Services Act 2019.

Physical Office in Gibraltar

A physical office in Gibraltar with a local management presence is required. The GFSC requires the entity to have genuine substance and locally based decision-making capacity.

Business Plan

A detailed business plan including financial projections, target market analysis, capital adequacy planning, and a comprehensive risk management framework must be submitted with the application.

AML/CFT Compliance

An AML/CFT programme compliant with Gibraltar's Proceeds of Crime Act 2015 and FATF Recommendations is required. Annual audited accounts and GFSC supervisory returns must be submitted.

Tax Position

Gibraltar's corporate tax rate is 12.5% on Gibraltar-source income. There is no capital gains tax, inheritance tax, or VAT. Dividends paid to non-resident shareholders are not subject to withholding tax.

Neptune Fiduciaries: Gibraltar Banking Licence Support

Neptune Fiduciaries supports Gibraltar banking licence applications including GFSC pre-application meetings, business plan and risk framework documentation, director and shareholder vetting, and ongoing regulatory compliance.

Get in Touch

Contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.

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