REQUIREMENT FOR APPLICATION
An application for Category 2 status is made to the Finance Centre Director and if successful a Qualifying (Category 2) Individual Certificate under the Qualifying (Category 2) Individuals Rules 2004 of the Income Tax Act will be issued. In order for an individual to qualify for Category 2 status he will be required pursuant to the current Rules to have available for his exclusive use approved residential accommodation in Gibraltar for the whole of the year of assessment (July to June).
In addition, an applicant must submit a Curriculum Vitae detailing his qualifications, source of wealth and income, work experience and two references to vouch for his good financial standing and repute. One must be from a bank confirming the individual's good character and financial status is in excess of £2,000,000.
A copy of the applicant's passport must be included together with evidence of the ownership or rental of the approved property.
There are particular property developments within Gibraltar which have been identified by the Finance Centre Director as being suitable for these purposes. A non-refundable application fee of £1,000 is payable on submitting an application.
