Gibraltar remains as favourable a place as ever to do business

The vote by the UK electorate to leave the European Union (EU), together with the subsequent negotiations in relation to how the country will depart the bloc, has posed different questions to Gibraltar to those presently being faced by other British territories.

Indeed, many previous decisions to rent commercial property in Gibraltar have been made partly on account of its special terms of EU membership.

Nonetheless, Gibraltar chief minister Fabian Picardo has recently said that negotiations have now resolved the issue of maintaining the British Overseas Territory's access to the UK market - where about 90% of its business is done - beyond the Brexit transition period. This means that prospective investors and current businesses alike can look forward to a continued secure economic climate.

Firms are continuing to flock to the territory, even amid Brexit uncertainty

While Gibraltar is currently a member of the single market - which it is presently set to leave by default when the UK ceases to be a member of the EU - it has never been in the common customs union that governs the trading of goods between member states.

This, said Picardo on CNBC's Squawk Box Europe, made British Prime Minister Theresa May's so-called Chequers plan - which focuses on ending the free movement of people between the EU and the UK and establishing an independent trade policy - "not so relevant to us because [it] is primarily about the movement of goods."

Nonetheless, he continued: "People have realised that Gibraltar's a great place to access the UK market, they don't want to move, and I think that is going to give the certainty that the market needs. We're seeing more people come into Gibraltar, more corporates come into Gibraltar, more gaming companies, more insurance companies - they see a settled market and one that they want to form part of."

We can be your partners in your search for commercial property

Just one of the latest key chapters in Gibraltar's quest to become an influential global financial centre was the opening of the Gibraltar World Trade Center building in February 2017.

Here at 1704 Luxury Real Estate, we can assist you in accessing an office suite in this state-of-the-art structure comprising more than 250,000 square feet of space over seven floors, or indeed, at any of a range of other sites throughout this advantageously located territory.

The reasons to rent commercial property in Gibraltar just continue to multiply. By working alongside the skilled and dedicated team at 1704 Luxury Real Estate to source the best-matched such opportunities to your needs, you can help to ensure your organisation performs at the optimum level during its time in this highly rewarding part of the world in which to conduct business. And our offices are actually based in the World Trade Center Gibraltar!