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Guernsey: Types of Company

Exempt Investment Schemes

Legislation came into force in 1984 (later amended in Income Tax (Exempt Bodies) (Guernsey) Ordinances 1989 and 1992) offering exempt status to Guernsey unit trusts and investment companies (Guernsey or otherwise, and including foreign limited partnerships). They are known as Category A, B or C bodies. The main conditions are that Guernsey property or investments may not be held (other than bank accounts) and that a Guernsey resident must have been contracted to provide administrative services for an arm's-length fee; there are various information requirements.

The application for exempt status has to be renewed annually for a fee of GBP600. See Offshore Tax and Legal Regimes for details of the taxation of Exempt Investment Schemes.



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