HEPPS status allows specialist skilled workers who earn more than £160,000 per annum to have an attractive fiscal status in Gibraltar. The company which employs the individual needs to make the application and, upon it being successful, the individual will be able to limit their tax liability to the first £160,000 only. In practice this currently amounts to just over £43,000 per annum. The HEPSS individual will not pay tax on any remuneration over and above the £160,000 paid by the employer.

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The requirements are somewhat similar to applying for Category 2 Status and we can advise on and guide applicants through the process.