Strength and Confidence. A robust jurisdiction with AA-credit rating from Standard & Poor’s.
Key facts
Self-governing and self-funding
Guernsey has been independent for more than 800 years, making its own laws and raising its own taxes.
Highly Experienced
Guernsey has been a centre for international finance since the mid-1960s.
Funds Expertise
Over 1,000 investment funds are domiciled or administered in Guernsey.
#1 for captive insurance
Guernsey is the largest captive insurance domicile in Europe.
Guernsey is not a sovereign state but a dependency of the British Crown
Guernsey, a British Crown dependency for over 800 years, has its own parliament, the States of Guernsey, which manages domestic affairs, the economy, and tax regulations. The island enjoys autonomy in tax and regulatory matters, with the King as Head of State, represented by the Lieutenant-Governor.
Best-in-class regulation
In Guernsey, the regulatory regime for financial services is closely tied to the island’s strong reputation in banking, fiduciary services, insurance, investment management, and pensions. The Guernsey Financial Services Commission (GFSC) has been responsible for regulating and supervising these services with integrity, proportionality, and professional excellence since 1987.
#1 in fighting financial crime
In 2016, Guernsey was determined as 'compliant' or 'largely compliant' with 48/49 of the Financial Action Task Force's (FATF) recommendations with respect to anti - money laundering and combating the financing of terrorism. The best score of any jurisdiction.
Guernsey is tax-friendly
The personal income tax rate for Guernsey residents is 20 % after deduction of personal allowances. Guernsey has a basic rate of corporation tax of 0 % on profits arising applicable to most companies which are Guernsey tax resident. A 10 % rate of corporation tax is applicable to income arising from certain regulated activities including banking and insurance. There are no capital gains, inheritance, or sales taxes.
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.