FinTech Gibraltar

Gibraltar is acknowledged as a robust, credible and efficiently regulated financial centre and an internationally tax compliant jurisdiction, with a strong reputation for high standards and integrity. On the first of January 2018, amidst the fireworks and fanfare of New Year celebrations, the Gibraltar Fintech industry took a significant leap forward. The jurisdiction made headlines worldwide by becoming one of the first jurisdictions to enact specific Distributed Ledger Technology (DLT) regulations.

Gibraltar’s DLT regulations, originally based on 9 core principles, now 10, 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. This milestone created the foundation for a robust regulatory framework for DLT and blockchain businesses to operate and flourish.

The DLT Regulations, coupled with Gibraltar’s new Financial Services Act, create an attractive regulatory framework for the Gibraltar FinTech industry, attracting both major players and nimble new start-ups from around the world which are eager to reap the multitude of benefits provided by this exciting and forward-thinking jurisdiction, including:

• A corporate tax rate of just 15%, 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; and
• 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 12 experienced fintech lawyers and allied practitioners, spanning a range of complementary disciplines, co-led by Partner Anthony Provasoli.

As a client of Hassans, you will receive our expertise on all matters related to your fintech, DLT or crypto business. Our Fintech team works closely with the firm’s established Financial Services practitioners to unite conventional finance practices with the rapidly-developing technology industry. With regard to clients in the blockchain and crypto space, we are able to provide regulatory advice and assistance in obtaining a DLT licence and have experience in conducting token offerings from Gibraltar (both ICOs and STOs). Our firm is also well-placed to advise on matters relating to data protection compliance, boasting a team who have been specialising in this area since the early 2000s. We are also able to generally advise on:

• Company formation and management;
• Tax (relating to the corporate structure, beneficial owners and/or employees);
• Property and employment matters;
• Litigation/arbitration; and Private client.

Contact us today to get the benefits of over 80 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. You can also call us on +350 20079000 or email us at info@hassans.gi.

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