GUERNSEY

By Leo Zhang. As a widely recognized global financial centre, Guernsey is an Island situated between the UK and France which is 62 kilometres in size and has a population of just over 60,000. With the status as a British Crown Dependency, which means its links are through the British Crown rather than the UK Parliament, it also has a special relationship with the European Union so that there is access to EU countries for physical exports without tariff barriers but other rules and directives do not apply, unless voluntarily accepted. Guernsey has 50 years of experience in serving clients all...

EXPERT INSIGHTS 2020

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? Yes. We have seen a significant increase in demand for services from China, and significant opportunities for future growth. Guernsey has been actively developing its presence in China over many years, both through the establishment of the Guernsey Finance Office, and also through a number of firms establishing offices and partnerships with Chinese institutions. In particular, there is an increasing trend for new private wealth businesses in Guernsey originating in...

2015

By Baron Laudermilk. Guernsey is a small but respected island sitting in the waters between France and England. It has established a worldwide reputation for being an international financial offshore center that provides services for all levels of investors and business owners. Despite being small, it contains a large amount of money, funds and professional financial companies and banks. It has more than £97bn in bank deposits, more than £ 274bn in funds, and has around 33 registered banks. The center is known for managing high-net worth (HNWI peoples assets, having lucrative financial instruments, and for being an convenient place to...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

By Leo Zhang. As a widely recognized global financial centre, Guernsey is an Island situated between the UK and France which is 62 kilometres in size and has a population of just over 60,000. With the status as a British Crown Dependency, which means its links are through the British Crown rather than the UK Parliament, it also has a special relationship with the European Union so that there is access to EU countries for physical exports without tariff barriers but other rules and directives do not apply, unless voluntarily accepted. Guernsey has 50 years of experience in serving clients all...

CORPORATE & FIDUCIARY OVERVIEW - EXECUTIVE SUMMARY 2014

As a well-established international financial centre, Guernsey has abundant experience in serving clients across the world. What kinds of financial products and services in Guernsey can be of significant benefit to businesses in China?Guernsey has, during the last 50 years, established itself as a leading international finance centre. The Island's unique environment has attracted several hundred firms who together provide a wide range of financial products and services at the highest standards to clients around the world. In particular, we are seeing strong interest from China in the wealth management services we can offer high-net worth individuals and the corporate...

CORPORATE & FIDUCIARY JURISDICTION 2014

By Fiona Le Poidevin. Q: What are some incentives and advantages of using Guernsey products and services?A: There is an ever growing awareness in Asia of the products and services which offshore centres can provide to Asian individuals and companies. In Guernsey, there is no withholding tax for dividends, nor capital gains tax or inheritance tax; there is no income tax levied on 'non-Guernsey' income generated from trusts whose beneficiaries include no Guernsey residents. Excluding some regulated financial services business, the standard rate of corporate income tax is zero. In addition, it is our understanding that while the initial, upfront costs...

PRIVATE & INTERNATIONAL BANKING JURISDICTION 2014