Guernsey: Offshore Legal and Tax Regimes
For International Bodies, activities on the island must not involve transactions with Guernsey residents (except other International or Exempt Bodies), but are not otherwise specifically limited. For Exempt Companies, there is no specific bar against local activities; the more important factor is the whereabouts of the beneficial owners.
Exempt Investment Schemes must not invest in Guernsey, other than through bank deposits or through other Exempt Bodies.
Exempt Insurers are not limited as regards local activities, but must notify them to the Administrator.
In most cases of non-residence there are no specific rules about Guernsey activities; income is simply split according to its source and taxed or not accordingly.