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Guernsey: Offshore Business Sectors

Introduction

The UK's three IOFCs, Jersey, Guernsey and the Isle of Man have each developed some specialisations; Guernsey stands out as a captive insurance centre, but also has substantial banking and trust management sectors. Like the other two 'British' IOFCs, Guernsey has extremely strong professional services and pays great attention to regulatory standards. As a rather broad generalisation, the business environment in Guernsey has shown a marked tendency to become more international, partly because of the usefulness of the island to multinationals setting up in the EU, and partly because of increasingly tough anti-avoidance rules that have made it difficult for UK citizens to make productive use of trusts.

This section of the Guernsey site describes the most important types of offshore business activity carried out from the island.

 

 

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