Published • loading... • Updated
Gibraltar announces residency scheme reforms
New applicants must now show £5 million in verifiable assets and pay a £5,000 fee, while existing Category 2 holders keep old terms.
- Gibraltar has doubled the net wealth requirement for new residency applications from £2 million to £5 million, prioritizing applicants who make a genuine economic contribution to the territory.
- These reforms coincide with the UK-EU Treaty taking effect on July 15, 2026, which grants Gibraltar frictionless access to the Schengen Area and opens the airport to European commercial flights.
- Application fees have jumped to £5,000, while pathways for digital nomads and self-sufficient pensioners have closed, pushing applicants toward genuine local business or employment roles.
- In a separate development, Spain removed Gibraltar from its non-cooperative tax jurisdiction list after 35 years, a move local estate agents welcomed for providing market clarity.
- Despite these changes, Gibraltar remains competitive against European rivals Italy and Greece by limiting tax to the first £118,000 of assessable income, ensuring predictable annual liability.
Insights by Ground AI
15 Articles
15 Articles
Gibraltar to shun millionaires worth below £5m from residency
Gibraltar is dramatically raising the bar for wealthy individuals seeking its coveted Category 2 residency status, more than doubling the minimum wealth requirement from £2million to £5million.The British overseas territory will introduce the stricter threshold from July 15, the same date the UK-EU Treaty is due to take provisional effect.The landmark agreement will incorporate Gibraltar into the EU's Schengen zone, effectively removing the land…
·London, United Kingdom
Read Full ArticleCoverage Details
Total News Sources15
Leaning Left2Leaning Right1Center11Last UpdatedBias Distribution79% Center
Bias Distribution
- 79% of the sources are Center
79% Center
14%
C 79%
Factuality
To view factuality data please Upgrade to Premium
