Strengths

Home Business In Guernsey Strengths

SELF-governing and self-funding

Guernsey had been independent for more than 800 years making its own laws and raising its own taxes.

HIGH EXPERIENCE

Guernsey has been a centre for international finance since the mid-1960's.

FUNDS EXPERTISE

More than 1,000 investment funds are domiciled or administered in Guernsey.

#1 for captive insurance

Guernsey is the largest captive insurance domicile in Europe.

#1 in fighting financial crime

In 2016, Guernsey was determined as 'compliant' or 'largely compliant' with 48/49 of the Financial Action Task Force (FATF)'s recommendations with respect to anti-money laundering and combating the financing of terrorism. The best score of any jurisdiction.

TOP CREDIT RATING

Guernsey has an AA- credit rating from Standard & Poor's, representing the island's 'very strong' capacity to meet its financial commitments.

Guernsey is in the same time zone as the United Kingdom and is therefore able to transact with both Hong Kong and New York in the same business day.

INNOVATION

Guernsey is proud of its reputation for financial services innovation. As recently as May 2016, Guernsey unveiled the Manager Led Product (MLP) for Alternative Investment Fund Managers (AIFMs).

BEST-IN-CLASS REGULATION

The Guernsey Financial Services Commission (GFSC), while robust, has a reputation for being pragmatic and flexible and for its open-door approach.

TAX NEUTRAL

Guernsey’s tax neutrality facilitates substantial investment to and from the UK and Europe. Read more here.

Frequent air links to London and other airports in the UK permit one-day business trips.

ACCOUNTANCY EXPERTISE

There are more than 500 qualified accountants in Guernsey working in the finance industry and beyond.

WELL CONNECTED

Businesses small and large can benefit from the high-quality telecoms infrastructure established for the island’s eGaming industry.

LAW EXPERTISE

There are more than 150 Guernsey-qualified lawyers with rights of audience in the Courts of Guernsey and a similar number of solicitors practicing in the island’s firms.

The island’s businesses and institutions are in proximity to each other so business can be carried out face-to-face.