In addition to the Registry, the development of Global Enterprise Zones has made The Gambia one of the most attractive business environments in terms of tax incentives and infrastructure in the world. Located on the East Atlantic coast it offers many advantages to businesses of all sizes and is an ideal gateway to the rapidly growing African economy.
The Gambia is looking to recruit Registration Agents, Trust Agents and other professional service partners who can assist Global and Local Corporations and offer advice on the new jurisdiction. There is no requirement for agents of the iCommerce registry to be located in The Gambia as the incorporation and admin is managed entirely online and in fact the application to become an approved agent is simple and is completed within 24 hours.
Highlights of The Gambia Trust Regulations briefly include:
A trustee can be any standard IBC incorporated in the Gambia
A special trust like the BVI VISTA can be created, but unlike BVI VISTA it does not require a special company trust company.
Highlights of The Gambia IBC Regulations briefly include
A standard IBC incorporated in the Gambia is offshore and tax free.
A special licence allows the IBC to become tax resident and access tax treaties.
For Tax resident companies taxation is on a territorial basis, there no tax on corporate income, generated from sources outside of the Gambia
No Audit is required for non-resident companies and audit exemption is easily available regardless of turnover for tax resident companies on application
The Gambia IBC companies have already been approved by the compliance departments of most major banks
According to an official announcement earlier this month, President H.E. Sheikh Professor Alhaji Dr. Yahya A.J.J. Jammeh in his Vision 2020 has devised a strategic national development plan for The Gambia, which has been applauded by world leaders such as President Obama.
The Gambia is a country based in the West Atlantic coast of Africa famous for its beautiful beaches and eco-tourism. The investment in infrastructure including a cloud based E-Government system has allowed The Gambia to leap frog other leading business hubs and placed it in the enviable position of being the easiest place in the world to start a business.
The new E-Government System which the iCommerce Registry is a part of allows professional advisors from all over the world to incorporate companies and apply for business licenses via a totally online process.
