Helvetic Fund Administration has operated in Gibraltar since 1998.
Helvetic Fund Administration has operated in Gibraltar since 1998. It is regulated by the
Financial Services Commission (FSC) in Gibraltar and was the first fund administration company
to be licensed by the FSC. Helvetic has extensive experience in supporting sophisticated hedge
fund structures and investment vehicles. Helvetic focuses on maintaining a close working
relationship with its clients in order to provide them with services superior in quality,
efficiency and responsiveness.
Gibraltar is a peninsula situated at the southern tip of continental Europe. It has a multi-cultural
background with approximately 30,000 residents. English is the official language. Gibraltar is a
Dependant Territory of the United Kingdom with a constitutional guarantee against the transfer of its
Gibraltar has approval of its Know Your Customer Rules (KYC) by the
Internal Revenue Service (IRS). The Territory has also received approval
for Qualified Intermediary (QI) status. It is a territory of the EU
(unlike Jersey, Guernsey and the Isle of Man), and has implemented EU laws covering every aspect of
financial regulation, including the directive on combating money laundering. Gibraltar has exemptions
from Community policy in the Common Agriculture and Fisheries Policies, the Common Customs tariff, the
free movement of goods (but not services) and the levying of VAT. The UK Government has delegated to the
Government of Gibraltar responsibility for giving effect to EU legislation in the Territory, but retains
ultimate responsibility for the application of EU law in Gibraltar. Gibraltar has permission to passport
financial services business into the EU. Passporting rights into the EU and EEA single market in
investment services were granted to Gibraltar investment services providers in June 2003.
Gibraltar enjoys a low tax regime, with no capital gains tax, no wealth tax, no inheritance tax, no gift
tax, no estate duty, no value added tax (VAT) and no exchange controls. Opportunities exist for
individuals and companies to be either tax exempt or to substantially reduce their exposure to taxation
on income and profits.
In Gibraltar the Financial Services Commission (FSC) is responsible for
the supervision and regulation of all companies and individuals who offer financial services to the
public in or from Gibraltar. The
FSC is required by statute to match United Kingdom standards in
supervisory practices. Gibraltar is rated as a benchmark jurisdiction with respect to its financial
regulation. The IMF noted that Gibraltar "is at the forefront of good practices".
For more information, visit the FSC's website at