Understanding Category 2 and HEPSS from a Property Perspective

If you are considering a move to Gibraltar, Category 2 and HEPSS are often discussed in the same conversation, but they are two different categories with different eligibility criteria. From a property perspective, both typically require you to secure suitable accommodation in Gibraltar, but the purpose and supporting requirements are not the same.

This article is provided for general guidance only and does not constitute legal, tax, or financial advice. Always take advice from suitably qualified professionals for your personal circumstances.

Why Property Matters for These Categories

In practical terms, property is not just a lifestyle decision, it is also a key part of demonstrating genuine residential ties to Gibraltar. The Gibraltar Finance Centre outlines a specific property requirement for Category 2, including the need for accommodation available for exclusive use throughout the year, and approval of that accommodation through the relevant process. https://www.gibraltarfinance.gi/private-clients/tax-residence

For both Category 2 and HEPSS applications, Gibraltar Finance Centre guidance and forms highlight accommodation documentation as part of the application pack, typically supported by a rental agreement or property deeds, alongside an accommodation approval form. 

Category 2: Property Considerations

Gibraltar Finance Centre presents Category 2 within its tax residence information for individuals with net assets over a minimum threshold, with an application framework that includes conditions and a specific property requirement. https://www.gibraltarfinance.gi/private-clients/tax-residence

From a property standpoint, the key practical points include:

• - You must purchase or rent an apartment in Gibraltar and have it available for your exclusive use throughout the year, with accommodation of a standard appropriate to sustaining the lifestyle of a wealthy individual. 
• - You must submit a Residential Accommodation Approval form for approval, and provide the deed of title or rental contract within the required timeframe around the application or certificate. 
• - The Category 2 application requirements list accommodation documentation alongside other identity, due diligence, and financial documentation.

In the market, this usually means prioritising well specified homes that are suitable for year round use, with practical features such as parking, lift access where relevant, security, and a layout that supports comfortable long term living.

HEPSS: Property Considerations

HEPSS is a separate category. The Gibraltar Finance Centre sets out HEPSS application requirements that are employment led, including a cover letter about the employing company, the applicant’s skills, and remuneration details, alongside accommodation requirements. https://www.gibraltarfinance.gi/Services

From a property standpoint, HEPSS commonly involves:

• - Securing residential accommodation and submitting the relevant accommodation form for approval, supported by a rental agreement or property deeds. 
• - Timing the property decision alongside employment and application milestones, so that documentation aligns smoothly across advisers, employers, and legal representatives. 

In practice, many HEPSS applicants start with a rental that meets their day to day needs, then review longer term options once they are settled, but the right approach depends on personal plans and timelines.

Choosing the Right Area and Home

From a property perspective, the right choice is the home that matches how you plan to live in Gibraltar. The best starting point is usually to define your priorities first, such as privacy, proximity to the marina, schools, walkability, or an easier commute to the finance district.

For many buyers and relocators, the search typically focuses on well established residential locations and modern developments that support year round living. The key is not a label, it is suitability, condition, and a clear fit with your lifestyle and plans.

Practical Steps Before You Commit

If you are exploring Category 2 or HEPSS and property in Gibraltar, these steps usually help keep the process efficient:

• - Speak to your professional advisers early, and confirm the most current criteria for your chosen route
• - Align your property search with your intended timeline, including documentation and approval steps
• - Focus on homes that work for year round living, not just occasional stays
• - Keep paperwork organised from day one, especially if you are purchasing from overseas

How NP Estates Can Help

We support clients looking for property in Gibraltar with a clear and practical approach, whether you are relocating, purchasing, or starting with a rental. We can advise on suitable areas, realistic timelines, and what to have ready before you begin viewings, and we can work alongside your legal and professional advisers as the transaction progresses.

Next Steps

If you would like to discuss suitable options for property in Gibraltar, our team is here to help.

Telephone: +350 200 48532
Email:info@npestates.com