09 May 2023
If you're planning on moving to Gibraltar and taking on a Cat2 or HEPSS residence, a long-term rental in EuroCity may be the perfect solution. How do you know if you’re eligible for a Cat2 or HEPSS property though and how do you know if you’re eligible?
Available to individuals who meet certain criteria, the Cat2 and HEPSS residency statuses are designed to attract high net worth individuals and retirees to the Rock and come with a number of benefits including a lower tax rate on income earned in Gibraltar and the absence of inheritance tax on assets outside of the jurisdiction. You’ll also have easier access for visa applications for the UK and other countries and a simplified process and a fast-track process for residency application for family members.
Eligibility for a Cat2 residence depends on a range of circumstances determined by your net worth and the value of your outlay on either purchasing or renting a property on the in Gibraltar.
You’ll find more information on the requirements in our article on The Tax Benefits of Being a Gibraltar Resident and Joseph Gomez has written an in-depth article which you’ll find at triay.com have a very helpful article too.
Once you’re ready to make the move to the Rock as a Cat2 or HEPSS resident, you’ll need to make the decision on purchasing or renting a local property. EuroCity’s landmark development in Gibraltar has a selection of apartments certified as Cat2 status and renting rather than purchasing is a great way to keep your options open for the future.
A brand-new development in the Gibraltar business district, EuroCity offers luxury living in a prime location as never seen before on the Rock. The development boasts a range of high-end amenities including a five-star 24-hour concierge service, gym, pool and spa.
With rental options of spacious one-, two- and three-bedroom apartments in the EuroCity Development and a limited selection ready to move into in the recently completed Carrara Tower, you can take advantage of living in luxury surroundings close to the old town, Main Street, and marinas. Not forgetting the benefits of the Cat2 status, renting a property in EuroCity might tick that final box to making your move to Gibraltar the most attractive decision.
If you’re looking for luxury living in Gibraltar, we encourage you to take a look at the properties available in EuroCity. Register Your Interest and see for yourself what these luxury apartments have to offer.