Establishing a company in Guernsey
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.