In Gibraltar operates the Law on funds; the amendments were subsequently adopted in 1999, which defines Fund as the structure for contribution of the funds in the interests of the determined person. However, funds cannot perform financial activities.
The Agreement of establishing of the Fund may be an agreement on the establishment or, for example, the will of the founder, which has already entered into force. Agreement shall specify the persons who are entering Board of the fund, observers, as well as others who occupy administrative positions, and set the office. Information on the agreement is sent to the register, the information contained to the office.
In Gibraltar, there is a special fund form- company with liability limited by guarantee. Such companies may or may not have share capital. After establishment of such company you have an opportunity to fully allocate beneficiaries (which are not shareholder participants) and allow to control the business, you can determine a professional manager who has the shares and voting rights. This, in turn, provides the opportunity to appoint a protector who is watching the manager’s operation. This fund guarantees confidentiality of the beneficial owner. The minimum share capital of the company is two thousand pounds.