Moving to Guernsey – The Benefits and Tax Efficiencies

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The island of Guernsey is the second largest of the Channel Islands, which are situated in the English Channel close to the French coast of Normandy. The Bailiwick of Guernsey comprises three separate jurisdictions: Guernsey, Alderney and Sark. Guernsey is the largest and most populated island in the Bailiwick. Guernsey combines many of the reassuring elements of UK culture with the benefits of living abroad.

Guernsey is independent from the UK and has its own democratically elected parliament which controls the island’s laws, budget and levels of taxation. Legislative and fiscal independence mean that the island can respond quickly malta mobile database to the needs of business. In addition, the continuity achieved through the democratically elected parliament, without political parties, helps deliver political and economic stability.

Guernsey – a Tax Efficient Jurisdiction

Guernsey is a leading international financial centre with a good reputation and excellent standards:

The general rate of tax payable by Guernsey companies is zero*.
There is no capital gains tax, inheritance tax, value added tax or withholding tax.
Income tax is generally a flat rate of 20%.
*Generally, the rate of corporation tax payable by a Guernsey company is 0%.

There are certain limited exceptions when a 10% or 20% rate of tax apply. Please contact the Dixcart office in Guernsey, for further .