Members of the ISOLAS team were in London earlier this month, discussing the merits of doing business in Gibraltar, as part of the HM Government and Gibraltar Finance’s #ThinkGibraltar campaign.
Senior partner Peter Isola was joined by partner Jonathan Garcia, senior associate Karan Aswani and business development director Joey Imossi, in attending a series of events, aimed at educating the UK’s financial services industry on Gibraltar’s key selling points, it’s strong economy, advanced regulation, great infrastructure and tight links with the UK.
With the strapline ‘Gibraltar is proven not promised’, the events covered funds and asset management, private client and family office, distributed ledger technology and insurance.
Peter and Joey both spoke at the private client and family office seminar, held at the Institute of Directors in Pall Mall, which discussed the opportunities and solutions for high net worth families. The seminar included an address from keynote speaker, Filippo Noseda from Mishcon de Reya LLP, as well as a panel discussion, chaired by Joey.
Peter said: “Gibraltar has undoubtedly benefited from the high level of regulation and compliance with EU directives including a tax ecosystem that complies with OECD guidelines. Its close alignment in private client and financial services with the UK has been further enhanced with a double taxation agreement with the UK and continued single market access to the UK post Brexit (where over 90% of our EU business lies).
“For private clients, Gibraltar remains an attractive offering and our tailored solutions offer many benefits for high net worth and ultra-high net worth individuals.”
Meanwhile, Jonathan and Karan, who specialise in financial services and corporate advisory work, reflected on Gibraltar’s robust fund legislation and unique DLT framework.
Jonathan said: “Gibraltar’s emergence as an efficiently regulated and robust jurisdiction has allowed for vast growth in areas of funds and investments. Its transparent yet favourable tax advantages, combined with its internationally recognised regulatory standards, have been fundamental towards the jurisdiction’s success and makes it an ideal platform for investment funds.”
“And with the introduction of our DLT framework, we have seen Gibraltar transformed from not just an international centre of excellence, but to an innovation hub, setting the standard in this sector, and allow participants to do so in a safe and stable manner.”
In addition to the events, partners at ISOLAS have been giving interviews on the various practice areas that they cover and Gibraltar’s advantages in these markets: