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Economic stability and taxation

Both geopolitically and geo-economically, we are experiencing uncertain times. Guernsey however continues to offer a familiar, safe, reliable and consistent base for those of us who seek the holy grail of stability and good governance.

Guernsey is a low tax jurisdiction with a strong economy, principally due to being a major off shore financial centre of many years standing. It is exempt from UK value added tax (VAT). Most companies, outside of financial services, pay no corporation tax. Income tax is levied at a flat rate of 20% with the ability for qualifying Open Market purchasers to cap income tax at £50,000 p.a. for the first 4 years regardless of income.

Guernsey offers residents excellent healthcare provision, exceptional independent and grammar schools, world class restaurants, a wealth of fine local produce in addition to peace and tranquility set within some of the most stunning scenery available anywhere in Europe.  Whilst being a part of the British Isles, Guernsey is not part of the United Kingdom and neither is it part of the European Union. Guernsey does however encapsulate a fusion of both British and French cultures which is one of its most enduring traits making it a very special place indeed.

 

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States of Guernsey - Tax for business, companies and employers