Gibraltar is famous around the world for its dramatic rock. It overlooks the Straits of Gibraltar and is connected to Spain by a narrow neck of land. Gibraltar is experiencing a property boom with credit mainly due to its welcoming tax benefits that have attracted high net-worth people. In fact, several foreign companies house and employ their staff within the tax boundaries of Gibraltar. “The Rock” is filled with exciting property developments and new land renovation projects on the move.
Tourism is a significant industry in Gibraltar with an inviting Mediterranean climate and distinctive British lifestyle. It is a popular stop for cruise ships and attracts day visitors from Spain- particularly tourists and residents from the southern coast. Because all goods and services are VAT free it is also a popular shopping destination. There are several branches of large British chains in Gibraltar, including Marks and Spencer, BHS, Dorothy Perkins, and the supermarket Morrisons. |
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