Guernsey is a long established low tax area, situated in the English Channel. A dependency of the British Crown but with its own legislature it does not form part of the United Kingdom nor is it a member of the European Community. Situated between England and France and with its relaxed life style, mild climate and entrepreneurial spirit, Guernsey is an attractive jurisdiction through which both people and corporates can structure or relocate their financial affairs.
The tax system in Guernsey is relatively straightforward. The island has no capital gains, inheritance, wealth or sales taxes and neither does it have VAT. There is a flat standard rate of income tax for Guernsey resident individuals of 20% with tax capping for higher earners in certain circumstances.
The Guernsey corporate tax regime underwent extensive change in 2008. The standard rate of tax applicable to most Guernsey companies is now 0%. There are exceptions for profits derived from Guernsey land and property ownership/development (20%), profits derived from banking activities (10%) and the profits from regulated utility companies (20%).
At Intertrust, we are interested in long-term relationships. A 'trust' built on your direct link with a dedicated team. Intertrust's presence in Guernsey can be traced back to 1900 with the creation of G N Read Son & Cocke. To date, over 100 people are involved in supporting our clients with an impressive array of the following services:
Although we will attempt to answer your questions here, experience tells us that the best way is to meet, face to face. You will want to get to know us. We need to get to know you. Only then can we offer you the best solutions and more personal, focused advice. Contact us guernsey@intertrustgroup.com for any questions you may have.
Fund Administration in Guernsey
Intertrust Fund Services (Guernsey) Limited provides administration services to a wide range of clients both locally, in the UK, Europe and further a field. Working in partnership with professional intermediaries, we have a client base which reflects the growth of the fund industry in Guernsey. The Island has developed into a leading jurisdiction for the establishment of investment funds and a large number of Guernsey funds are now listed on the London and other stock exchanges. Intertrust Fund Services is proud to have been part of this growth industry.
Licensed by the Guernsey Financial Services Commission under the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended, we can offer advice and services in connection with the setting-up of funds as well as the day to day ongoing management of them. This strong dedicated team has the experience to help clients manage and deal with the complexities and pit-falls which is fund administration and ensure that a clients needs are met on time and accurately.
To discuss the Group’s fund administration services, please contact one of the Fund Administration team.
Taxation Services
You may already be aware of the many benefits of using an international finance centre to manage exposure to taxation. However, what sets us apart from other companies and other jurisdictions?
Working through our taxation services company, Intertrust Reads Private Clients Limited, we are well-placed to steer you through the complexities of managing your taxation affairs.
We are much more than a traditional tax department. Our development has meant that we have become experts in a specialist range of tax and related subjects. Unashamedly very focused, we offer unparalleled expertise, managing the taxation affairs of high net worth individuals. We are one of the few firms in the Channel Islands to hold Chartered Tax Adviser status and are also part of the BDO international network, giving us access to worldwide taxation advice and information.
Our Services
- Guernsey and UK Tax Compliance
- Advising upon Residence and Domicile Issues
- Emigration and Immigration Planning
- Advising upon Property Matters
- Trust Taxation
- Estate Planning
- Advising upon Tax-efficient Investment Strategy
Trust & Corporate Services
You may already be aware of the many benefits of using an international finance centre to establish trusts, corporate vehicles and funds. But what sets Intertrust in Guernsey apart from other companies and other jurisdictions?
Working through our administration company, Intertrust International Management Limited, we are well-placed to steer you through the complexities of establishing and maintaining a Trust. As well as having a reputation for expertise, we have the experience - being one of the first to be awarded a fiduciary licence by the Guernsey Financial Services Commission.
We pride ourselves on our capabilities, based on a combination of a focused, personal service, a long history of professional practice and the strength of a major international AA-rated financial heavyweight. The very fact that Intertrust in Guernsey is so successful is a clear indication that we look after our clients and have become market leaders in this niche sector.
Our Services
- Private and Corporate Trust arrangements
- Companies registered in a variety of jurisdictions
- Employee Benefit Trusts
- Purpose Trusts and Special Purpose Vehicles
- Investment Funds
- Charitable and Philanthropic Trusts
- Intellectual Property Structures
- International Executorships
- Pension Trust administration
Geography |
Western Europe, islands in the English Channel, northwest of France - 49 28 N, 2 35 W |
Capital |
Saint Peter Port |
Time zone |
UTC 0 |
Population |
65,870 (July 2009 est.) |
Nationality |
Noun: Channel Islander(s)
Adjective: Channel Islander |
Languages |
English, French, Norman-French dialect spoken in country districts |
Government type |
Parliamentary democracy |
Legal system |
The laws of the UK, where applicable, apply; justice is administered by the Royal Court |
Economy overview |
Financial services - banking, fund management, insurance - account for about 23% of employment and about 55% of total income in this tiny, prosperous Channel Island economy. Tourism, manufacturing, and horticulture, mainly tomatoes and cut flowers, have been declining. Financial services, construction, retail, and the public sector have been growing. Light tax and death duties make Guernsey a popular tax haven. The evolving economic integration of the EU nations is changing the environment under which Guernsey operates. |
Currency |
Guernsey pound (which maintains parity with Pound Sterling)
Note: the British pound is also legal tender |
Source:
https://www.cia.gov/library/publications/the-world-factbook