Men den omstændighed, at skattebegunstigede selskaber normalt har et forretningssted i Gibraltar og skaber indtægter, der er underlagt selskabsbeskatning, om end til en reduceret sats, indikerer, at selskaberne faktisk udøver erhvervsvirksomhed.
However, the fact that Qualifying Companies tend to have a "bricks and mortar" presence in Gibraltar and generate income that is subject to company taxation, albeit at a reduced rate, suggests that they do in fact engage in economic activity.