Establishing a business in Guernsey is a smooth and efficient process and, thanks to the island’s proactive approach, it can be done quickly with very little fuss.
This can-do attitude has driven growth in exciting new sectors, such as ICT, digital and fintech, which are at the leading edge of the island’s evolving economy.
e-Gaming has also been a major success for Guernsey, in part due to the world-leading regulatory regime from the Alderney Gambling Control Commission. Some of the biggest names in internet gambling and gaming have chosen to locate their servers or offices in the island. Plus, there are a number of taxes and charges that are not applicable like VAT, gaming duties and corporation tax.
In 2008, a Companies (Guernsey) Law was introduced and is regularly updated to ensure it remains current. At the same time a new company registry was created, hosting an online service which provides users with incorporations within 15 minutes, with prices starting from £100.
While most financial businesses will need to be registered with the Guernsey Financial Services Commission, there is no automatic requirement for off-inland business to register in order to operate.