To many the Channel Islands seen as inter-changeable or a single jurisdiction. The truth is that while both jurisdictions have similar laws and legal traditions that make each an ideal destination for global businesses and HNW individuals, it’s the differences between each island that makes the Channel Islands especially attractive. At Collas Crill we understand that the whole is greater than the sum of the parts. Being able to offer global clients a quality Channel Islands product, with the choice of Guernsey or Jersey niches to suit specific needs, makes an already good proposition look even better.
Lets take a look at Guernsey...
Guernsey, like Jersey, continues to stand out as one of the world's leading international finance centres. With a proximity that puts it within a stones throw from most major European financial capitals, it is hardly surprising that Guernsey is gaining an enviable reputation and is considered the "jurisdiction of choice" for many in the banking, fund, fiduciary, insurance and asset management industries.
A vibrant economy and global business community
All the jurisdiction's banks, insurance companies, fund managers and administrators and fiduciary businesses are regulated by the Guernsey Financial Services Commission (GFSC), in accordance with the highest international standards, providing great comfort to international investors and the global business community in general.
Add to this the fact that Guernsey boasts a thriving business and financial industry that competes on the global stage, political stability, legislative autonomy and fiscal independence, and you've got the type of modern, fast-pace economy that attracts businesses and HNW individuals from UK, Europe and increasingly from further afield, including Asia and the Gulf region.
Despite recent debate regarding the Zero-10 tax regime, Guernsey's world beating infrastructure and excellent level of support services make the jurisdiction an ideal place for doing business in a progress, modern environment. Guernsey boasts a modern company law regime, a state of the art company and IP registry and its own Channel Islands Stock Exchange.
Combined with low levels of personal taxation, no capital gains and inheritance or value added taxes its not hard to see why Guernsey has remained a strong, competitive jurisdiction that attracts global businesses and HNW individuals alike. With the flexibility to respond quickly, Guernsey's government has ensured a number of progressive laws governing Trusts, Companies, Intellectual Property and Anti-Money Laundering issues have been introduced over recent years.
Despite recent debate regarding the Zero-10 tax regime, Guernsey's world beating infrastructure and excellent level of support services make the jurisdiction an ideal place for doing business in a progress, modern environment
Guernsey law firms are particularly active in a number of key areas, including investment funds, banking, trusts and other fiduciary services, intellectual property and corporate structuring. In particular, in the current economic climate, litigation departments are very busy handling disputes relating to all of those non-contentious practice areas.
And it's a fantastic place to live
However, there is so much more to this beautiful little island than meets the eye and, thankfully, you don't need to be one of the wealthy elite to benefit from what Guernsey has to offer. For the majority of Guernsey's population of around 60,000, and for many looking to relocate, Guernsey offers an ideal solution and a quality of life that is second-to-none. Where vibrant business and work-life-balance meet; where breath-taking scenery and glorious beaches are in abundance; where fabulous food, sports and entertainment abound; and where the climate boasts more hours of sunshine and higher average temperatures than much of Europe.
Guernsey is tough to beat as a place to be regardless of which measure you use. As a base for HNW individuals or businesses, Guernsey offers the tranquillity, beauty and climate of Island life with all the work advantages a vibrant, modern business and financial centre, yet remaining just a short hop away from Europe's major economic hubs.
And if that doesn't quite suit your needs...lets take a look at Jersey.
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