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Employer of Record Gibraltar
Hire staff and expand your business in Gibraltar with our fully-managed EOR Service
How we can help
Unrivalled Employer of Record Service in Gibraltar designed to expand your business seamlessly
Agility EOR delivers services for business’s looking for an Employer of Record in Gibraltar. We help clients hire new employees or transfer existing employees into a fully-managed EOR service.
We appreciate that each situation and business is different. That is why our personal approach to Employer of Record Services in Gibraltar takes care of all HR, payroll, recruitment and compliance head aches, and allows you to do what you love best – driving your business forward.
Employer of Record in Gibraltar
A Brief Guide to Gibraltar
Gibraltar, a British Overseas Territory, is strategically located at the southern tip of the Iberian Peninsula. Known for its unique geography, strong financial services sector, and shipping industry, Gibraltar has a high standard of living. Its government is a parliamentary democracy, and the territory is a member of various international organizations.
|
Category |
Information |
|
Location |
Southern Europe |
|
Capital |
Gibraltar |
|
Largest |
City Gibraltar |
|
Official Language |
English |
|
Area |
6.7 square kilometers |
|
Population |
Approximately 34,000 |
|
Currency |
Gibraltar Pound (GIP) |
|
Major Areas |
Gibraltar City, Europa Point, Catalan Bay |
|
GDP (2019) |
$2.3 billion USD |
|
Major Industries |
Financial services, shipping, tourism, and online gaming |
Business Culture
Business Culture in Gibraltar
In Gibraltar, business culture emphasizes formality, professionalism, and respect for hierarchy. Punctuality, conservative attire, and clear communication are valued. Decisions are often made by senior management, with personal relationships and trust playing a crucial role in business interactions.
Gibraltarians appreciate expertise and thorough preparation for meetings. Observing proper business etiquette, such as exchanging business cards and using appropriate titles, is expected. Success in Gibraltarian business culture requires adaptability, respect, and relationship-building.
Payroll and Taxes
Payroll and Taxes in Gibraltar
There is no statutory requirement to pay a 13/14th month in Gibraltar.
Employee Taxation
In Gibraltar, income tax rates are progressive, with higher income levels subject to higher tax rates. Employees can choose between two different tax systems: the Allowance Based System and the Gross Income Based System, each with its own tax brackets and rates. Higher earners (those of GBP 25,000 are likely to choose the Gross Income Based System, the rates of which are:
Taxable income | Rate of tax (%) |
First GBP 17,000 | 18 |
Next GBP 8,000 | 21 |
Next GBP 15,000 | 27 |
Next GBP 65,000 | 30 |
Remainder of Assessable Income | 27 |
Employer Taxation
Employer costs in Gibraltar are relatively simple. Employers are responsible for:
| Employer Costs in Gibraltar | Approximate % of Gross Salary |
Social Security Contributions | 20% |
Employment Law
Employment Law in Gibraltar
Employment Contracts: In Gibraltar, employment contracts are typically in writing, outlining essential details such as the duration of employment, working hours, salary, and notice period for termination.
Working Hours: The standard maximum working time in Gibraltar is 39 hours per week or 7.8 hours per day. Overtime work is regulated and subject to additional compensation.
Leave: Employees in Gibraltar are entitled to various types of leave, including paid annual leave (minimum of 20 working days per year), maternity leave, paternity leave, and sick leave.
Overtime: In Gibraltar, overtime occurs when an employee works beyond their standard working hours, as specified in their employment contract. Employers are required to compensate for this additional time, typically by offering extra pay or compensatory time off.
Termination: Termination of employment in Gibraltar requires proper notice, which varies depending on the length of employment. Unjustified termination can lead to claims for damages or reinstatement.
Employees Rights: Employees in Gibraltar have various rights, such as the right to equal treatment, protection against discrimination, and freedom of association. Regulations address working conditions, workplace safety, and employee representation.
Public Holidays
Gibraltar Public Holidays
| New Year’s Day: | 1st January |
| Commonwealth Day: | 2nd Monday in March |
| Good Friday: | Varies |
| Easter Monday: | Varies |
| Workers’ Memorial Day: | 28th April |
| May Day: | 1st May |
| Spring Bank Holiday: | Last Monday in May |
| Queen’s Birthday: | 2nd Saturday in June |
| Summer Bank Holiday: | Last Monday in August |
| Gibraltar National Day: | 10th September |
| Christmas Day: | 25th December |
| Boxing Day: | 26th December |
Pension and Healthcare
Gibraltar Pensions
In Gibraltar, there is a mandatory state pension system funded by social security contributions from both employees and employers. The contribution rates, as a percentage of an employee’s gross salary, are as follows:
- Employees: 10% for pension and disability insurance
- Employers: 20% for pension and disability insurance
Healthcare in Gibraltar
Gibraltar has a public healthcare system that provides basic medical services to its residents. The system is funded through social health insurance contributions from employees and employers, as well as government subsidies and general tax revenues.
IMMIGRATION
Work Permits in Gibraltar
When it comes to immigrating to Gibraltar, the process is systematic and organized, as is the case with most countries around the globe. Prospective immigrants typically need to apply for a specific visa or residency permit that aligns with their reasons for relocating, such as work, education, or joining family members.
For those seeking employment opportunities in Gibraltar, a work visa is usually necessary, and obtaining one requires a job offer from a local employer. On the other hand, student visas hinge on enrollment in a recognized academic institution within the territory. Individuals with family members already residing in Gibraltar may be eligible for family reunification visas.
To secure a residency permit, applicants must fulfill certain criteria, including demonstrating sufficient financial means, holding valid health insurance, and successfully passing a background check. Given that English is the official language of Gibraltar, gaining proficiency in the language can be advantageous for newcomers in terms of both navigating the immigration process and integrating into the local community.
After being granted a residency permit, it’s important to renew it as required and abide by any conditions associated with the permit. Those who aspire to become permanent residents or even citizens of Gibraltar must undertake additional steps and fulfill specific requirements, such as residing in the territory for a predetermined duration.
Wondering if expanding
in Gibraltar is right for you?
Read on or speak to a member of our team now
The Benefits
Gibraltar Employer of Record Benefits
When you choose Agility EOR to expand in Gibraltar, we guarantee an Employer of Record Service tailored to the needs of your business
Compliance
We are on top of regulatory changes in Gibraltar so you can relax.
Cost reduction
Allow our economies of scale to work in your favour.
High Service Levels
You and your employees have a dedicated account manager.
Fixed Cost Pricing
We will agree our professional fees up front based on your needs - no nasty surprises!
Consolidated Invoicing & Payments
Make one monthly payment to cover all your tax, social and wages costs from one to one thousand employees.
Fast delivery
You can have 'boots on the ground' within days on our infrastructure.
Reduced Risk
All wage taxes are remitted in full to the Gibraltar authorities by professionals ensuring liabilities are met, giving you peace of mind.
Supply Chain Transparency
We only pay employees through local full employed solutions meaning Gibraltar payroll tax is paid on all funds.
Save Time and Money
Our expertise is at your disposal. The need for you to have internal HR, Payroll and admin staff is eliminated.