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Guernsey Sees Jump In Company Migrations

by Amanda Banks, Lowtax.net, London
03 August, 2017

Guernsey saw a jump in the number of companies, funds, and other structures being established in the territory in the first half of 2017.

The Guernsey Registry said there were 32 company migrations to Guernsey during the first six months of the year. With 15 companies migrating out, this represents a net inward migration of 17 companies moving their domicile to Guernsey so far this year.

The latest figures build on the positive results of 2016 when there were 83 company migrations to Guernsey and only 26 migrations out – net growth of 57 company migrations.

Alan Bougourd, Registrar at the Guernsey Registry, said the migrations seen this year ranged from investment holding companies, fiduciary and nominee companies, limited partners, and loan administrators.

"The registry is noticing a flight-to-quality and receiving positive feedback on the ease of the migration process and the responsiveness of the registry to the applications received," said Bougourd.

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