The fact that Gibraltar is a VAT-free British territory transformed it into a preferred shopping destination for tourists. Considering tourism and retail go hand in hand, investors can successfully invest in any of these two industries.
Taking retail separately, investors are encouraged to open shops in Gibraltar which cater to the needs of both the population and tourists. Our company formation consultants in Gibraltar can offer information on the regulations related to starting a store in the Rock.
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Legislation related to opening a shop in Gibraltar
Considering most of the products sold in Gibraltar stores are imported, business owners must comply with the import and export regulations when establishing this type of business here. However, Gibraltar is a EU member, therefore there are no special requirements when importing products sold by local stores.
The main law to comply with when establishing a shop in the Rock must comply with the Fair Trading Law. Those who open a Gibraltar store where tobacco products are sold must comply with the Tobacco Premises Law. The Employment Law also contain special provisions related to hiring personnel for Gibraltar shops.
Our Gibraltar company formation advisors can guide you through the regulations imposed to selling goods here.
Registering a store in Gibraltar
Opening a shop in Gibraltar implies registering a business with the Companies House following which applying for a business license with the Business Licensing Authority (BLA) is necessary. Our company registration agents can help you with the incorporation process of the chosen business form.
When it comes to the form of the shop, it should be noted that there are various types of stores one can set up in Gibraltar. Foreign investors may open from small grocery or souvenir shops to large or chain stores in Gibraltar. Also, with Gibraltar being a British territory buying a franchise of one of the large stores in the UK is a very popular option among local and foreign entrepreneurs.
For full information on the requirements to register a shop in Gibraltar, do not hesitate to contact us. You can rely on our company registration representatives for assistance with the formation of the Gibraltar business.