Guernsey: Country and Foreign Investment
With a stable economy, low taxes, good communications, excellent professional services and a convenient location near the EU, Guernsey is an attractive destination for offshore businesses.
The development of the island as a centre for financial services in the last 25 years owes much to the care taken by the administration to admit only reputable businesses. In the early days selection was exercised informally, but a formal regulatory structure was steadily put in place, culminating in the formation of the Financial Services Commission. Partly as a continuation of this process, and partly in response to the Edwards Report, the administration conducted a three-year programme to introduce additional regulation affecting almost all types of offshore activity. With the new laws in place, the island now offers a level of regulatory control and protection at least equal to that in the world's leading economies.