Gibraltar Looks to Beat Dublin in Race for Latin American Funds

Gibraltar’s Financial Services Minister Gilbert Licudi said the U.K. territory on the Iberian peninsula is a better place for Latin American funds to tap European investors than Dublin or Luxembourg.

“This trip is to develop a Latin American strategy,” Licudi said at an event in Rio de Janeiro. “We see ourselves as an EU alternative to Dublin and Luxembourg. We are very flexible and malleable and can introduce legislation quickly.”

Gibraltar, which has a corporate tax rate of 10 percent, grew 6.5 percent last year, Licudi said. The territory has about 100 funds that have access to the European Union’s population of 500 million, he said.

To contact the reporter on this story: Blake Schmidt in Sao Paulo at

To contact the editor responsible for this story: David Papadopoulos at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.