Why Guernesy

Guernsey is a leading financial centre of the highest reputation and standards. The jurisdiction is one of the most established, transparent and well-regulated financial centres and was placed on the OECD G20 ‘white list’ in 2009, which reflects high standards on international compliance and transparency. Guernsey’s continuing success as a financial centre is based on various factors, including economic and political stability, the independence it enjoys, an easily accessible justice system and an independent regulatory regime. Its low tax status, proximity to the financial markets of Europe and sophisticated financial industry infrastructure also contribute to its success.

Guernsey is also ideally suited geographically being within the European time zone and conveniently placed between the US and Asian time zones. It is serviced by regular flights to and from Gatwick Airport and other major UK airports and enjoys reliable high quality 

 

Benefits of forming in Guernsey

Guernsey has a long history of financial and political stability. The size and structure of the Government makes it accessible and the decision makers easy to reach. The business environment is supported by a robust financial and professional infrastructure. Guernsey is in the same GMT (Greenwich Mean Time) time zone as the United Kingdom mainland, and in close proximity to the Western European countries as well as being conveniently placed between the US and Far Eastern time zones. Guernsey offers individuals and companies an attractive tax regime with the highest rate of personal income tax set at 20%, a standard rate of corporation tax of 0%, and no capital gains tax, wealth or inheritance tax, sales taxes or exchange controls.

A Company incorporated under Guernsey law has the following key benefits:

• No authorised share capital
• Unlimited objects
• Single members are permitted
• No requirement to file accounts
• Ability to waive requirement to hold AGM’s and to have accounts audited (subject to certain conditions)
• Distributions are by way of a solvency test
• Simple and cost effective striking off
• Standard rate of tax applicable to companies is 0%
• Guernsey companies can amalgamate with other Guernsey or non-Guernsey companies
• Guernsey companies can migrate out of Guernsey to other jurisdictions

Guernsey is widely acknowledged as a successful liberal economy due to the virtual absence of limitations on the import and export of products and goods. It provides many opportunities for upstart companies, and also offer their services as a 'testing' nation for products before they are introduced to larger markets. Indeed, with such a small population of people, Guernsey makes a perfect testing ground for products or services before they are unleashed on the United Kingdom and other markets.

To learn more about incorporation in the Bahamas or any other offshore jurisdiction, please follow the link below - See more at: http://globalcompanyformation.co.uk or ring us on +44 (0)2079935929.

 

Global Company Formation UK Ltd 

Suit 6-Westward House

Glebeland Road Camberley

Surrey, GU15 3DB

Tel: 02079935929

E  :info@globalcompanyformation.co.uk

W :www.globalcompanyformation.co.uk

Welcome to Global Company Formation UK 

We offer formation advice to start up business globally. We advise you of the mode of start up like limited company, partnership, sole trader, trust and which is more suitable to your business. Our professional team consists of Lawyers, Chartered Accountants & Business Consultants in all major jurisdictions across the globe. We guide you to the country of formation on the basis of your domicile status, double taxation agreement, international plan and repatriation rule of each country. Now you can form your business anywhere in the world with us and we care your business.

Mathew Stephen FCA, AAIA, CeFA

Mathew Stephen is the founder Director of Global Accountancy Services. He isa qualified accountant from the Association of International Accountants in the UK and the Institute of Chartered Accountants of India. He is also one of the partners of international Chartered Accountants firm P. Parikh & Associates. He has 20 years’ experience in accounts, business consultancy, taxation & statutory audit. He is also a UK Independent Financial Advisor (IFA) and CeFA qualified at the IFS School of Finance.

He has won the Online Technology Award in two consecutive years, 2011 and 2012, from the Tenet Network. He specialises in Global Company Formation, International Taxation and also as Corporate Protection Advisor to the directors of Limited Companies.