High Net Worth - HNWI - Category 2

Obtaining a Cat2 status has a wealth of benefits, at Global VA Support, we can guide you through the CAT2 tax system and support you throughout the entire process.   

To gain your CAT2 status you will need a residence in Gibraltar or the United Kingdom, we have contacts with private landlords and estate agents and will provide a portfolio of properties that would be of interest to you. 

Together with your Online Business Manager, we will manage the property in terms of maintenance, any refurbishment requirements, and key holding during any absences.   

We will also arrange the set-up of your utilities and provide 24/7 support for any property emergencies.      

Our Online Business Manager is available for a wide range of services, the most popular being:  

• Full Executive Assistant support  
• Keyholding and post collection   
• Managing your property, liaising with landlords/estate agents   
• Ongoing services relating to CAT2 status     

The tax limits of Gibraltar encourage wealthy individuals to establish their residence in Gibraltar.  Individuals will pay tax on the first £105,000 of assessable income only with a minimum tax payable per annum of £32,000.  Some benefits of this residency are tax exemptions from Capital Gains, Inheritance or Estate Duty, and Tax on Dividends.  

For an individual to qualify as a Category 2 status, they must have approved residential accommodation available for their exclusive use in Gibraltar. Either a rental option or purchased property. These properties cannot be let or sublet and must be available for the sole use of the individual and family throughout the year.   There are certain criteria that MUST be met to qualify as a Category 2 individual to ensure the individual has sufficient means to maintain themselves and their family.

Our service includes: 

• Category 2 applications
• Introductions to lawyers and bankers
• Gibraltar ID card application
• Support opening bank accounts
• Advice on health coverage and completing the relevant applications
• Property viewings and management
• Drivers license 

This service is only offered in the United Kingdom and Gibraltar.