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?