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Island near Malta (southern coast of spain).
I could just help you with a UK Ltd. no Gibraltar incorporation here.
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Sheesh! Some of the statements here are ... scary
Even more scary when these folks are talking about company formation and bank accounts.
Gibraltar is nowhere near Malta and Malta is not on the southern coast of Spain. It never was...
Gibraltar is an "ex colony" of the UK and is on the southern tip of Spain. Gibraltar is good for corps and the government are willing to provide "certification" that they will not charge taxes on non-resident companies for a period of 25 years.
Some conditions apply to qualify as "non resident". The most relevant part is, the corp must not have a bank account or obviously trade within Gibraltar.
With respect to Internet processing, this must clearly be a legitimate corp and have officers (they can be nominees), else there is reasonable cause for any processor to reject an account.