Gibraltar has experienced major growth since the 1967 Companies Ordinance Act. Guy Canessa of the Gibraltar Finance Centre outlines the positive developments that have taken place since then
Gibraltar's financial services centre traces its launch to the enactment of the Companies (Taxations and Concessions) Ordinance in 1967. Great strides have been made since those early days, to the extent that although the traditional trust and corporate services work is still fundamental, the finance centre now encompasses a wide range of activities to include sectors such as captive and third-party direct-writing insurance, fund management and fund administration, and derivatives trading. Insurance Insurance has moved ahead in recent years to become the fastest-growing sector. As an indi...
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