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Get to Know About Gibraltar
Gibraltar has a total area of 6.7 square kilometers. However, it is home to 32,194 people- which means the population density of the territory is one of the highest in the world. It is a British overseas territory; meaning that the British Queen rules over the state, and it gets the protection of the United Kingdom’s military.
Gibraltar (The Rock of Gibraltar) is located in southwest Europe in the Mediterranean Sea. The geography of the state is such that you can see every ship that comes into the Mediterranean Sea from Gibraltar. Due to this, the place throughout history has been an important military base. However, as of now, the things are different, and Gibraltar has erected itself as a significant economy in the region.
Financial services, tourism, shipping, and online gambling are the biggest industries in Gibraltar. Again this time, the geography has helped; the Rock of Gibraltar is a popular tourist destination, and at the same time, is a seaport. Also, the territory has excellent education and healthcare systems and infrastructures; all of which contribute to making its HDI 0.961 (2015), which is one of the highest in the world.
Doing business in Gibraltar is ‘awesome,’ owning to the extraordinary economic system and numerous incentives. For instance, the corporate tax rate is only 10%. The abundance of skilled workforce and the absence of capital gains tax are other reasons Gibraltar attracts investors.