Octopus International Business Services Ltd

Sigma 2024....bring it on! Lets connect on Booth 2032 Tuesday 12th - Thursday 14th November....you will find me on the damex.io stand albeit a little bit older and wider than the photo below! Will probably look very small next to Sam Buxton and Scott McKim! Fortunately Stephen Pettigrew will be there to make me look tall! DAMEX new CEO Kriya Patel will also be present with Kate B. and Pete Burgess. #CryptoOTCtrading #Bankingplatform #Gibraltarpaymentagents #companies

So what is Category 2 Tax Status in Gibraltar? It is regime for high net worth individuals with £2M or more in any asset class. They are looking to increase this limit but still under discussion. The cap on taxable income for Category 2 individuals is £118,000. Therefore, the maximum amount of tax payable is £44,740. Similarly, the minimum amount of tax payable by Category 2 individuals is £37,000 per annum. All Category 2 individuals are requested to pay an amount equivalent to the maximum tax payable (currently £44,740). This payment is in addition to any tax due. Any advanced tax paid will be refunded after deduction of any tax due at the time their certificates are relinquished or surrendered. Your certificate will need to be endorsed every 3 years. What are the requirements? - You cannot have been resident in previous 5 years - You must rent or buy a suitable property for your needs which is classified as Category 2 permissible within two months of being granted the status. This would be a property in a premium area. We can assist introducing you to estate agents to find something suitable. -Documents required: - Passport copy - Selfie - Proof of current address (dated within the last 3 months) - CV - A bank reference - A character reference from an accountant or lawyer - Proof of £2M assets - normally an accountant’s letter with supporting documentation will suffice - Private medical insurance covering Gibraltar - we can introduce an insurance broker if required We would undertake all of the compliance checks, prepare covering letter and application form (which you will need to sign to accompany this). We can provide any contacts you need in Gibraltar: banks, private doctors, garages etc to make you feel at home. The estate agent would complete the accommodation form which has to be submitted within 8 weeks of the status being granted. Contact me on [email protected] for more information.