Gibraltar - an attractive proposition for the hedge fund industry | Easier

Gibraltar - an attractive proposition for the hedge fund industry | Easier: "Gibraltar is an extremely attractive proposition for the hedge fund industry – an industry that is increasingly disgruntled with London’s high tax rates and changing policies. The Rock is fully compliant with EU financial services regulation, money laundering and co-operation rules. EU, European Economic Area and Swiss nationals are free to work and reside in Gibraltar without a permit and personal tax is capped at a low level. Meanwhile ‘passporting’ of financial services has been in place since July 2003 allowing firms and certain funds to offer their services and products throughout Europe on the basis of their Gibraltar licence.

Gibraltar’s appeal to hedge funds, and indeed a myriad of enterprises, doesn’t stop there. The Rock has political and economic stability (5% GDP growth for year-end March 2010), good professional services and communications, an English common law legal system and its geographic location brings an advantageous time zone and proximity to investors and partners for face-to-face meetings. Personal lifestyle is also of a high quality with the award-winning marina resort of Ocean Village in particular attracting many high net worth individuals to its sumptuous residential towers complete with Health Club, swimming pools, bars, restaurants, premier yacht berths and Gibraltar’s only casino on the doorstep."

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