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Open a Gibraltar Bank Account

Introduction

Gibraltar is a British Overseas Territory and a private banking hub. Banks in Gibraltar target both companies and individuals looking at diversifying their investments and access to top-notch asset management services, as well as brokerage accounts.Corporate and personal wealth management accounts are available, including banking services such as call deposits, term-deposits, discretionary portfolio management services, and brokerage accounts, among others. Traditional cash management and transactional banking services are also available.Both Gibraltar and foreign companies, including companies incorporated in offshore jurisdictions, are eligible to open an account. Our banking connection understands family wealth structures well – the bank welcomes foundations and trust structures, and their underlying companies.Investment funds may also be interested in their services. The bank provides brokerage and custodian services to regulated investment managers and professional investors.All in all, Gibraltar is an ideal private banking option for companies that are looking at making the most of their reserves, as well as family wealth structures, fund managers, professional investors, and high-net-worth individuals.We can help you open corporate and personal accounts in Gibraltar. Corporate Accounts are available for resident and non-resident companies. Personal accounts are available for both resident and non-resident individuals. We invite you to carefully review the requirements and services to better understand if their banking services meet your needs.Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Bank Account Key details
Currencies: EUR, USD, GBP, CHF
Minimum deposit to open Bank Account: EUR 500,000
Good For: Funds, insurance and Endowments, Corporate Wealth Management, Crypto Business, Fund Managers
Eligibility: Offshore companies, Foundations, Resident companies, Nonresident companies
Personal Visit: Required
Money back guarantee if unsuccesfull bank account opening
We will assist with up to 3 different banks
Personal Bank Account fee: 340
Corporate Bank Account Fee: 1,134

Documents Required to open your Bank Account

Company documentation
  • Certificate of incorporation
  • Memorandum and articles of association.
  • Share certificates.
  • Certificate of incumbency, or certificate of good standing if the company is more than 12 months old.
  • Corporate structure identifying the ultimate beneficial owners.
  • Business license (if applicable for some industry like Financial Services).
  • Power of attorney (if applicable).
  • Declaration of trust (if applicable).
Personal documents of each director, shareholder, appointed secretary, authorized signatory and ultimate beneficial owner.
  • Proof of identity: copy of valid passport (The passport must have the passport holder’s signature and it must match the signature in the application form, certification required however we can support you on this).
  • Proof of residential address: original or certified copy of utility bill/bank statement dated within previous 3 months.
  • Proof of banking history: original or notarized copy of bank reference letter, dated within the previous 3 months, or 6 months’ statements (depending on the chosen bank).

     *Certification can be done by a bank, a attorney at law, a notary or public officer however we can assist you on this.

Business evidence (upon bank request)
  • Invoices, contracts, agreements of your existing company.
  • Service Provider Certification with your prosperous partners/ suppliers.
  • Any documents proving your qualifications in the business scope.

Country General Information

Banking
Banking is one of the major pillars of the Gibraltar economy with total assets over EUR 7.8 billion and some of the major International banks have their offices in Gibraltar. Clients of Gibraltar banks enjoy the EU deposit protection scheme of EUR100,000 for accounts held in Gibraltar, as well as some banks may hold some of client deposits in other jurisdictions to enjoy additional protection and diversification. Gibraltar promotes itself as a very compliant jurisdiction, and all these banks are licensed and fully regulated by Financial Services Commission.
History
The Moors dominated Gibraltar for seven centuries. Spain controlled the Rock mainly from 1462 until the early 1700s. Anglo-Dutch forces captured the territory in 1704 during the War of Spanish Succession, and the 1713 Treaty of Utrecht ceded it permanently to Britain. Spain tried and failed to recapture Gibraltar during a series of bloody sieges in the 18th century.Today a grudging acceptance prevails between Spain and Britain over Gibraltar. Starting in 1969 the Spanish dictator Franco closed the border entirely for 13 years, and it remained closed to motor vehicles for another three. Spain sometimes still enforces lengthy delays for cars crossing into Gibraltar. The border sees about 4 million crossings each year, many of them Spaniards who live in the border town of La Linea and commute to jobs in the British territory.In recent years Spain has proposed sharing sovereignty over Gibraltar, but the Gibraltarians won’t hear of it. In 2002 nearly 99 percent of them voted against a referendum on shared sovereignty.
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