Gibraltar FinTech Lawyers

Gibraltar FinTech - Hassans International Law Firm

On the first of January 2018, amidst the fireworks and fanfare of New Year celebrations, the Gibraltar FinTech industry was born. The jurisdiction thus became one of the first jurisdictions to enact specific Distributed Ledger Technology (DLT) regulations, making headlines worldwide.

Gibraltar’s DLT regulations, based on 9 core principals, marked a significant milestone for the jurisdiction and represent a turning point for the crypto industry as a whole. For observers with a keen interest in DLT, blockchain and crypto in general, it came as something of a shock, as the jurisdiction suddenly emerged as a major player – literally overnight.

Given the huge increase in popularity of raising funds via token sales, the Gibraltar Financial Services Commission later announced plans to bring token sale activity within the regulatory scope, releasing its official Policy Document on Token Regulation in March 2018, while with the actual regulations themselves will come into effect in the latter part of 2018.

Taken together, these two milestones create the foundation for a robust, regulatory framework for DLT and blockchain businesses to operate and flourish, as well being able to raise funds through the issuance of tokens in a manner that guarantees consumer welfare.

As a result, the Gibraltar FinTech industry continues to attract both major players and nimble new startups from around the world, all eager to reap the multitude of benefits this exciting jurisdiction provides, including:

  • A corporate tax rate of just 10%, no capital gains, wealth, inheritance or withholding taxes, added tax incentives for High Net Worth Individuals.
  • An English-speaking country with a vibrant Mediterranean lifestyle, infrastructure built to British standards, consistently strong growth and solid economic indicators.
  • A business-friendly government with minimal red tape, a legal system based on English Common Law and a crypto-friendly banking system.
  • A solid reputation globally, home to some of the world’s biggest brands across multiple industries including finance, insurance and online gaming.

FinTech Advice from Gibraltar’s Leading Law Firm

The Hassans’ FinTech team consists of 15 experienced fintech lawyers and allied practitioners (four of whom are partners) plus one consultant, spanning a range of complementary disciplines, co-led by Partners Anthony Provasoli and Vikram Nagrani.

As a client of Hassans, you will receive our expertise on all matters related to your crypto business. In addition to regulatory advice and assistance in obtaining the DLT licence, we are able to advise on:

Contact us today to get the benefits of our 79 years’ experience and join the list of leading global brands using Hassans as their trusted FinTech advisors.

Our Clients

Hassans’ status as Gibraltar’s largest law firm, and one of the leading independent firms in the world, is reflected in the diversity of our clients. We advise and support a variety of enterprises, from young entrepreneurs and private investors to local companies and FTSE 100 multinationals.

Below are just a few examples of global brands who employ Hassans as their trusted advisors. Click on one of the logos to learn more about the company and their relationship with Hassans, or, to learn more about what we can do for your business, contact Hassans today.

CEX.io logo
Covesting Logo
eToro logo
Token Market logo
Click to view more Hassans FinTech clients
 

In addition, we have assisted HM Government of Gibraltar and the Gibraltar Financial Services Commission with Gibraltar’s DLT and Token regulatory frameworks. We work closely with all relevant authorities in drafting new legislation and ensuring Gibraltar’s continued development as a sophisticated and well regulated financial centre.

Resources

  1. Gibraltar’s DLT Regulations
  2. DLT FAQs and Guidance Notes
  3. Policy Document on Token Regulation
  4. Legal 500 Guide to Doing Business in Gibraltar
  5. In House Lawyer Gibraltar FinTech guide