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.
Abacus will assist you throughout the entire process. Whether it is helping you with your application, helping you find an appropriate property or liaising with the lawyers, our team will be with you every step of the way. Once you have become a Gibraltar resident, we can review your current financial arrangements, investments and assist you with any tax planning that may be required as part of your relocation.