Speed dating guernsey channel islands
The Insurance Business (Guernsey) Law regulates and controls captive and local insurance business together with insurance company managers by issuing them the licenses that enable them to act.
Due to Guernsey's fiscal independence, they have been able to maintain a 20% rate of taxation for over 40 years.
Trusts can legally be controlled and managed on the island, remaining exempt from any form of taxation, providing the beneficiaries of the trust are not residents in Guernsey.
The stability of the island of Guernsey, the confidentiality of company affairs and the reliability of local professional directors make the island ideally suited to accumulate tax free assets.
Most banking groups, advocates and accountants offer trust services, and there are a number of small independent companies also specialising in trust business.
The Trusts (Guernsey) Law gives formal recognition to trusts whilst still allowing very wide freedom in their establishment, so ensuring that the many different needs of clients are met.