The HEPSS status is available to those who wish to relocate to Gibraltar and participate in business activities. It is a special employment tax status for companies recruiting senior executives. The HEPSS rules are that a person, under the Gross Income Based tax system, will only pay tax on the first £120,000 per annum. However, to achieve this status, certain criteria have to be met by the applicant:
Once the certificate is issued, it is dependent on the employment of the individual within the same company. Any change in employer will cause the immediate withdrawal of the certificate. The individual must also be expected to uphold a character and reputation that is not in any way harmful to the reputation of Gibraltar.