You may not need the services of an accountant when you first arrive in Spain but when it comes to completing your annual income tax return you might consider employing one. Accounting services are not difficult to locate in Andalucia. Both qualified Spanish and foreign accountants provide services in many languages. In Spanish, an accountant is called a "contable", or Asesor Fiscal. A business is likely to employ one to help with the tax returns and employing staff.
Private banking, also known today as "wealth management" can be useful to those who have 100,000 euros or more to invest and seek management for. Offshore areas, like Gibraltar, make private banking services even more useful as institutions located in such jurisdictions are able to offer attractive tax conditions to their clients.
Looking for a lawyer? Look no further than Gibraltar, for this rock has the highest per capita population of lawyers in the world. You might secure the services of a lawyer in Gibraltar in order to assist you in obtaining corporate residency. This is not difficult and gives you the privilege of "passporting", or conducting business in any other EU country without securing further licenses - simply because your business resides on The Rock.
Given Gibraltar's status as an offshore area with special tax arrangements, this jurisdiction can be highly attractive from an investor's point of view.
Numerous insurance companies operate from Gibraltar. Like banks, some are licensed by Gibraltar and thus fully regulated by Gibraltar's FSC (Financial Services Commission), while others are authorised and regulated by the EEA (European Economic Area) state to which they belong.
Gibraltar's Financial Services Commission is the body that regulates the finance sector. It was set up by an ordinance in 1989, which came into effect in 1991, setting up this commission as a statutory body.
The Commissioner is appointed by Gibraltar's Governor and is responsible to:
Currently more than 20 banks are either represented in Gibraltar or actually authorised or licensed to provide full banking services. This area's banking sector represents more than 4.5 billion pounds sterling in assets.
Banks fall into three main categories:
Four of the top five international accountancy firms in the world are established in Gibraltar. There are also many other international and local accountancy firms based in Gibraltar.