Guernsey Offshore Company

Guernsey is the second largest of the Channel Islands and is a dependency of the British Crown. The capital and financial centre is St. Peter Port. Guernsey is associated with the European Union by virtue of the treaty of accession entered into by the United Kingdom.

The Guernsey Financial Services Commission is the statutory body, which regulates the financial services industry. In addition to the regulation of banking, insurance and fund management companies, there is a licensing system for businesses providing company formation and management services and trustee services. Guernsey is a major centre for captive insurance and offshore fund management activities.

In order to meet its international obligation to operate a tax regime, which treats both onshore and offshore companies in the same manner, Guernsey is in course of changing its tax regulations. The result will be the abolition of the Guernsey exempt company and it is planned to introduce a zero rate of tax for all companies, both offshore and onshore.

Guernsey offshore company regulations

Type of entity Exempt
Type of law Common
Corporate taxation Nil
Double taxation treaties available UK & Jersey
Share Capital
Usual currency GBP
Permitted currencies Any
Minimum paid up GBP 2
Usual authorised GBP 10,000
Minimum number 1
Local resident required No
Records publicly available Yes
Corporate Director allowed Yes
Shareholders / Members
Minimum number 2
Records publicly available Yes
Location of Meetings Anywhere
Company Secretary
Required Yes
Local or qualified No
Required Yes
Audit required No
Filing required No
Publicly available No
Annual return required Yes
Change of domicile permitted Yes
Availability of shelf companies No
Time to incorporate shelf co N/A
Time to incorporate new co 5-8 working days