Louvre Group Fiduciary Services and Asset Management

Situated off the west coast of the Normandy peninsula, Guernsey is an outstanding location for offshore business.

Guernsey is a Crown Dependency, which is to say that it owes its allegiance directly to the British sovereign. It has its own legislature and is not a member of the EU, or part of the United Kingdom, although it does depend for defence and international relations on the UK. Numerous agreements over the years have given the Bailiwick the right to make its own tax laws and these have resulted in a regime with no capital taxes, no inheritance tax and no VAT. The tax system has historically been particularly favourable to offshore business.

Guernsey’s development as an offshore centre, however, is due to a number of other favourable factors:

Location:
Culture:
Independent:
Stable:
Professional:
International:
Legal:
Sound finances:
Well-regulated:

About 50 minutes by air from London Airports
A well-educated, English-speaking population
Able to make its own laws
System of government essentially unchanged for centuries
Considerable depth of expertise in all financial fields
Many major banking and financial firms represented
A framework of modern laws on financial topics
No government borrowing
Regulation to international standards