Guernsey is a small Channel Island in the English Channel, close to the Normandy coast of France. The authority of its legislative body encompasses responsibility for the nearby islands of Alderney and Sark and several additional small islets. The UK holds jurisdiction over all security matters and foreign affairs, but beyond that the island functions independently and its citizens have special UK passports stamped with the name of Guernsey. The island is not part of the EU. Official languages are English and French. The name originates from the Old Norse languages, combined with French dialects that signify “the corner island”.
As part of the Channel Islands, Guernsey lies close to Jersey and has a similar governmental and jurisdictional structure. Both are popular choices for international companies as they offer comfortable terms and a very inviting tax environment. Establishing a company there provides good business access to the UK, Europe and actually the globe. The majority of the population is British and there are also some of French origin. The capital is St. Peter Port, the general population is 65,000 and the total area is 78 km2.For Viewing Guernsey in Google Maps - Click Here
The local currency used is the British pound (GBP), although the island also has its own local coins and bills. GDP is 2.1 billion USD and per capita income is 41,000 USD. Its major revenue source is its financial sector, primarily international banking, insurance, investment funds and the administration of company registration. The financial sector brings in almost 40% of island revenue, although other active sectors include tourism and some manufacture and agriculture (tomatoes and flowers). The island has no external debts and its budget is balanced. Its infrastructure, roads, sea ports and airports are fully owned and operated by the island government. One restriction imposed on non-residents and foreign citizens is that they may not purchase or rent island lands beyond a small number of holdings.
Companies considering registering in Guernsey pay 0% corporate tax rate (excluding certain taxable activities).
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