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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 Category 2 residency applications from £2 million to £5 million, effective with reforms targeting applicants making genuine economic contributions.
- These reforms coincide with the July 15, 2026 UK-EU Treaty, which grants frictionless Schengen Area access and opens Gibraltar International Airport to direct European commercial flights for the first time.
- Application fees have jumped to £5,000, while traditional pathways for digital nomads and self-sufficient pensioners have closed, pushing newcomers toward genuine local business or employment roles.
- Spain removed Gibraltar from its non-cooperative tax jurisdiction list after 35 years, a development local estate agents welcomed as it signals stability for the residency market.
- 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 for qualifying residents.
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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
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Total News Sources55
Leaning Left3Leaning Right2Center45Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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