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Guernsey - Benefits

Guernsey is a leading international financial centre with a good reputation and excellent standards. Factors contributing to, and enhancing the status of, this jurisdiction include:

  • A general rate of zero tax payable by Guernsey companies.
     
  • No Value Added Tax (VAT) charge on transactions.
     
  • No wealth taxes, no inheritance taxes, and no capital gains taxes. 

  • A tax cap of £100,000 for Guernsey resident taxpayers on foreign source income and Guernsey deposit interest.  There is a separate tax cap of £100,000 on other Guernsey source income. (Please note pension transfers to Guernsey are treated as foreign source income). 

Furthermore, Guernsey has the following advantages: 

  • Legislative and fiscal independence, allowing the island to respond quickly to the needs of business. In addition, the continuity achieved through the democratically elected parliament, without political parties, helps deliver political and economic stability.

  • A unique relationship with the European Union (EU) provides a number of the advantages of being in the EU without all of the implications of operating as a full EU member state.

  • A wide range of internationally respected business sectors. These include company management, trust administration, insurance (Protected Cell Companies) and fund management. To meet the needs of these professional sectors, a highly skilled workforce has developed in Guernsey.

  • An enhanced position as an international base for Intellectual Property (IP), due to changes in the law in 2006. Legislation is modern and innovative and the island has its own IP Registry and is fully TRIPS* compliant.


*TRIPS: Trade Related Aspects of Intellectual Property Rights