Gibraltar can't be compared with the majore offshore jurisdictions any longer. Only for European tax benefits Gibraltar has still something to offer. Beside that there is so much more to offshore companies (so Gibraltar) then privacy and tax evasion.
- A well known person or corporation want to acquire a business, anonymously. So they most often use a offshore company.
- A Familiy is in economic troubles, they are hunted by lenders and creditors for the rest of their assets, so they move them into some advanced offshore company structure and get proper protection!
That's only 2 simple examples of what a offshore company is︀ used for, the ideas and reasons people establish them for are almost endless.