What happened: A packed-out Gibtelecom Conference Hall saw GFSB and Chamber members gather for a Brexit Treaty Members Forum intended as a listening session. Sector-specific business groups were also present at the session. It quickly became clear that this was less Q&A and more “questions and questions”. There are still too many unknowns, and anxieties (and tempers) are running high.
The mood: Frustration. Worry. Anger. A strong sense that the knock-on effects will reach far beyond importers and retailers. Concerns ranged from poor business licence enforcement, unregulated cross-border service providers and maintaining a level playing field, to accountability and even the perceived loss of Gibraltar’s uniqueness due to lost logistic routes and higher costs of importing UK goods under the Treaty.
Key themes raised by those present:
What’s clear: Businesses want clarity before implementation, not after. There is also a shared concern that once the Treaty is ratified, political focus may move on while commercial realities intensify.
Next steps: The GFSB and the Chamber will now distil the shared issues raised both at the meeting and since the announcement of the Treaty implementation date and formally present them to Government.
Following the publication of HMGoG’s guidance on NIF and EORI registration requirements, the GFSB has produced a practical step-by-step playbook to help Gibraltar businesses navigate the process as clearly and confidently as possible. Over recent weeks, many members have contacted us with questions around whether they need a NIF or EORI number, what the process involves, and whether obtaining these registrations could create Spanish tax obligations.
After weeks of questions, confusion and growing concern amongst Gibraltar businesses, HM Government has now published formal guidance on NIF and EORI registration requirements linked to the future customs arrangements under the treaty. This is the clearest explanation yet of what these registrations are, who actually needs them, and perhaps most importantly, what they do not mean.
Gibraltar may be entering a different phase of its development. The expected implementation of the UK-EU Treaty, together with anticipated changes to Gibraltar’s residency rules, could alter the profile of people looking at Gibraltar as a base. If financial thresholds rise, Gibraltar may attract fewer casual applicants and a more concentrated group of internationally mobile, high-value residents. That could include the ultra high net worth market.
This week’s ThriveEDIT member Q&A spotlights Gin on the Rock Ltd, trading as Spirit of the Rock, a micro distillery based in the heart of Gibraltar’s old town, producing world-class spirits and hosting the Gibraltar Gin Experience. With a focus on authenticity, sustainability and products actually made in Gibraltar, this is a business that brings together local craft, visitor experience and plenty of personality.
As we approach the expected provisional application of the Treaty on 15 July 2026, one of the unresolved questions is: what happens to the businesses, entrepreneurs and economically active individuals who want to relocate here but cannot yet see a clear route through the residency system?