Can a foreigner open a bank account in Gibraltar?

Yes, foreigners can open a bank account in Gibraltar, subject to each bank’s policy and eligibility. Non-residents can be accepted, especially where they have a Gibraltar link (e.g., income, property, or business) or meet minimum balance and risk criteria. Gibraltar is a British Overseas Territory and has always had tight controls over everything. It has a well-regulated banking sector, but suitability depends on the bank and the client’s profile.

Eligibility is generally open to:

• Non-resident individuals may be considered, particularly with a Gibraltar nexus or qualifying balances.
• Foreign companies can apply where they have demonstrable substance or operations connected to Gibraltar; shell/offshore-only structures are often declined.
• High-net-worth individuals (HNWIs) are usually served via private/wealth banking channels.

Requirements vary by bank, but most institutions in Gibraltar follow strict Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. You will typically need to provide:

• A valid passport or national ID (certified copy may be required).
• Proof of address (utility bill or bank statement, usually issued within the last 3 months).
• Source of funds and source of wealth evidence (e.g., salary, business income, asset sale).
• For business accounts: incorporation documents, UBO/ownership and control details, business activity description, expected transaction volumes, and tax information.

Opening process timeline

Time frame: from a few business days to several weeks or longer, depending on the bank, risk assessment, and completeness of the documents. Some banks require an in-person or video-KYC meeting; others permit remote onboarding with certified/notarized documents.

Working with someone like Offshore Company Services can make things easier. We can help you pick the best bank and get all your paperwork in order. Our team will make sure your Gibraltar bank account gets opened quickly and fits what you need, whether it's for personal or business use.

=> Full Information: Bank Account in Gibraltar