Gibraltar Ranked Second QROPS Jurisdiction

By Editorial 19 July, 2013

HM Government of Gibraltar is pleased to note that in a recent poll undertaken by Skandia International, registered in the Isle of Man, Gibraltar has been placed second with 26 percent of the vote as the preferred Qualified Recognized Overseas Pension Schemes (QROPS) jurisdiction in a survey of 141 international advisers who use QROPS.

Albert Isola, Minister with Responsibility for Financial Services commented: “This independent poll is very good news for Gibraltar and represents a clear recognition of the significant work undertaken in the field of imported pensions by a team of industry and government representatives led by my predecessor Gilbert Licudi QC. I view this area of business as one where Gibraltar can prosper significantly and aspire to market leadership.”

Since specific legislation was introduced last year, the Finance Center Department has been highlighting the opportunities in this area and as the Skandia Poll confirms, “in the space of less than a year, Gibraltar has come from nowhere to become a very strong QROPS center.”

Tags: Expatriates | Finance | Tax | Investment | Business | Pensions | Gibraltar | Legislation |


News Archive