Payroll Cycle
Minumum Wage
Overtime Pay
Visa Immigration

Talent Wiki - Gibraltar

Your quick guide on talent and labor compliance norms in Gibraltar
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Capital
Gibraltar
Currency
Gibraltar pound (GIP)
Languages
English
Payroll Frequency
weekly or monthly
GDP per Capita
USD 92,843
Employer Tax
20%

Supplementary Guide for Employment and Expansion in Gibraltar

Talent Overview

Gibraltar, or as most people refer to as “The Rock”, is a British Overseas Territory recognizable due to a huge monolithic limestone that dominates the country’s area. This natural structure is a nature reserve and has been a home to many barbary macaques. This has attracted tourism for their nation, and has greatly contributed to their economic growth. 

Aside from the tourism and services sector, the country also owes its success to the finance and banking industry, E-gaming and shipping industry.

Major Economic Hubs: 

Gibraltar

Skills in Demand:

Product Manager, IT Manager, Data Scientist, Physician

Local Universities

The top local universities of Gibraltar are as follows:

University of Gibraltar

RANKING

Gibraltar : 1

World : 13945

Salary Data

Some of the popular jobs and their annual salaries are listed below:

No. Job Title Annual Salary Range (in GIP) Annual Salary Range (in USD)
1 Technical Product Engineer 16,800 - 53,600 22,007.54 - 70,216.69
2 Software Developer 18,700 - 61,100 24,442.96 - 79,864.42
3 Data Analyst 16,100 - 54,200 21,044.47 - 70,845.36
4 UX Designer 15,700 - 51,500 20,521.63 - 67,316.16
5 Project Manager 22,500 - 68,100 29,409.97 - 89014.19
6 Sales Representative 11,400 - 39,300 14,901.05 - 51,369.42
7 Accounting and Finance 16,900 - 84,000 22,090.16 - 109,797.24

Talent Sourcing Tips

Top Local Job Boards: 

Jobmanji, RecruitGibraltar, SRGEurope

Number of LinkedIn users:

25,600

Top Recruitment Agencies:

CareerFinders, Zestrill

Employing in Gibraltar

Onboarding employees from Gibraltar will require employers to keenly observe the country’s labor laws and regulations. The following section will cover some information that businesses must consider when taking in local employees.

Employee Contract

Contracts in Gibraltar follow a similar structure to that of the United Kingdom. They must be in writing using the English language.

Probation Period

New employees in Gibraltar are given up to 3 weeks of probation period.

Public and Provincial Holidays

Date Name Type
1 Jan New Year's Day Public Holiday
3 Jan New Year's Day observed Public Holiday
21 Feb Commonwealth Day Public Holiday
15 Apr Good Friday Public Holiday
18 Apr Easter Monday Public Holiday
28 Apr Workers' Memorial Day Public Holiday
1 May May Day Public Holiday
2 May Day off for May Day Public Holiday
2 Jun Spring Bank Holiday Public Holiday
3 Jun Queen's Platinum Jubilee Public Holiday
13 Jun Queen's Birthday Public Holiday
29 Aug Late Summer Bank Holiday Public Holiday
10 Sep Gibraltar Day Public Holiday
12 Sep Gibraltar Day observed Public Holiday
25 Dec Christmas Day Public Holiday
26 Dec Day off for Christmas Day Public Holiday
26 Dec Boxing Day Public Holiday
27 Dec Day off for Boxing Day Public Holiday

Employee Leaves

Type of Leave Time Period Mandatory
Annual Leave 15 days Yes
Sick Leave 2 to 4 weeks Yes
Maternity Leave 14 weeks Yes

Payroll

Payroll Cycle:

Most businesses in Gibraltar pay their employees either weekly or monthly.

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Minimum Wage:

The minimum wage in Gibraltar is 7.50 GIB per hour or 292.50 GIB per week.

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Overtime Pay:

Saturdays and Weekdays:

150%

Public Holidays and Sundays:

200% (with the exception of retail workers working in Sundays)

Christmas Day and New Year's Eve:

200% and over

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Health Examination Clause

Bonus

13th Month Pay: 

A 13th month pay is not compulsory in Gibraltar.

Employee Benefits: 

Gibraltar employees are entitled to the following benefits under a social security scheme:

  • ~Death Grant
  • ~Industrial Accident - Disablement Benefit
  • ~Guardian’s Allowance
  • ~Industrial Accident or Disease Benefit
  • ~Injury Benefit
  • ~Maternity Allowance and Grant
  • ~Old Age Pension
  • ~Unemployment Benefit
  • ~Survivor’s Benefit
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Taxes

Employer Payroll Tax:

Category Rate
Social Security 20%

Employee Payroll Tax:

Category Rate
Social Security 10%

Employee Income Tax: 

Employees in Gibraltar have two options if they have an income of up to GBP 25,000:

Gross Income Based System (GIBS)

Taxable income Rate of tax
First GIP 10,000 6 %
Next GIP 7,000 20 %
Balance 28 %

Allowance Based System:

Taxable income Rate of tax
First GIP 4,000 14 %
Next GIP 12,000 17 %
Balance 39 %

For income above GIP 25,000, below are the rates:

Taxable income Rate of tax
First GIP 17,000 16 %
Next GIP 8,000 19 %
Next GIP 15,000 25 %
Next GIP 65,000 28 %
Next GIP 395,000 25 %
Next GIP 200,000 18 %
Balance 5 %

VAT:

There is no VAT in Gibraltar.

Offboarding & Termination

Termination Process

When terminating an employee in Gibraltar, an employer must give a notice of termination, seven days prior to dismissal date. Failing to do so might result in a fine amounting to GIP 750.

Employees that are dismissed on grounds of misconduct have the right to appeal their case to their employers. An employer’s obligation is to inform the employee of the allegations and conduct a proper investigation on the matter. A disciplinary hearing might also be necessary in the process.

Notice Period

The notice period will depend on whether the employee is under probation or not. One month's notice is required for regular employees. For employees under probation, a one week notice is expected.

Severance Pay

Employees with a fixed-term contract that are dismissed before their contract expires are entitled to 50% of the salary that would have accrue if the employee follows their end of contract. 

Visa and Immigration

Expats in Gibraltar are either non-entitled workers or entitled workers. Below are the distinction between the two and the documents they need to provide when working in Gibraltar:

Type of worker Definition Conditions
Entitled Worker - nationals from European Economic Area (EEA)

- non EEA nationals that have been working in Gibraltar since before July 1, 1993

- non EEA national that are authorized to work in the country under the Immigration Control Act

- Allowed to stay in the country for 3 months, during which, the foreign national may be allowed to look for employment in Gibraltar. If they are able to seek a job position, they can apply for a residence permit that is valid for 12 months and can be renewed for 5 years.
Non-Entitled Worker - non EEA nationals that do not fall under any exceptions stated above - a work permit must be secured. This document can be renewed.
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