We are also very happy to continue our partnership with Gibtelecom, the sponsor of this award since its inception, who will be giving the winner an amazing prize of £2,000 worth of IT and communications equipment.
Danny Hook, Enterprise Director at Gibtelecom, said “We are proud to have been the GFSB’s Innovation Award partner for many years. Each year we are impressed with how local small businesses adapt and come up with creative solutions to push their businesses to the next level, as well as with how they’ve developed different technologies and processes to help them succeed in their business ventures. It is a great platform to showcase some of the local business talents, which there is plenty of in Gibraltar.”
Eran Shay GFSB Board member and one of the judges said “Innovation is the lifeblood of business and as Steve Jobs once said ‘Innovation distinguishes between a leader and a follower’. The GFSB strives to help businesses succeed and there is no better way to do it than by promoting innovation. So if your place is amongst leaders, make sure to enter the Business Innovation Awards.”
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?