Guernsey company registration

Guernsey company registration

DOING BUSINESS IN GUERNSEY

Since 2003, Healy Consultants has assisted our Clients with registering their offshore company in Guernsey. Our services include i) Guernsey business registration ii) licensing assistance in regulated industries iii) international corporate bank account opening iv) legal tax structuration strategies and v) virtual office solutions.

Press the link headings below to read detailed, relevant, up to date information.

  • Advantages and disadvantages

    Advantages of Guernsey company registration

      Guernsey business registration facts - advantages and disadvantages
    1. Registration of a company in Guernsey can be completed with only i) one shareholder and ii) one director, who both can be foreigners and reside elsewhere than Guernsey or the United Kingdom. The minimum paid-up capital is £1 (€1) and the incorporation procedures can be completed within one week;
    2. International companies registered in Guernsey are legally exempt from local corporate tax and withholding tax on dividends and interest remitted abroad, provided that none of the shareholders and beneficial owners are residing in Guernsey;
    3. It is easy to maintain a company in Guernsey because:
      • The company does not need to have a resident director, provided that a registered agent is appointed;
      • It is not necessary to file financial statements with the Guernsey Registrar, although such statements must be prepared and kept for at least six years at the registered agent’s office;
      • Companies with less than ten shareholders are exempted from audit requirements. Companies with more than ten shareholders are only required to file audited financial statements if the three following conditions are met: i) annual sales over £6.5 million ii) net assets over 3.2 million and iii) over 50 employees;
      • The official language of Guernsey is English, hence eliminating translation costs for Clients from countries where English is also the official language.

    Disadvantages of Guernsey company registration

    1. Our Clients willing to start an offshore company in Guernsey should be aware that this place is still perceived as a tax haven jurisdiction. Foreign tax administrations will subject the owners of companies registered in Guernsey to close scrutiny to prevent tax evasion. In some countries, warnings remitted to Guernsey can also suffer higher than standard withholding tax rates;
    2. It is important our Clients are aware of their personal and corporate tax obligations in their country of residence and domicile; and they will fulfill those obligations annually. Let us know if you need Healy Consultants help to clarify your local and international annual tax reporting obligations;
    3. Guernsey has signed few double taxation avoidance agreements, namely with i) Bahrain ii) Cyprus iii) Hong Kong iv) Isle of Man v) Liechtenstein vi) Luxembourg vii) Malta viii) Mauritius ix) Qatar x) Seychelles xi) Singapore and xii) the United Kingdom. It also benefits from partial treaties with a few other countries.
  • Best uses for a Guernsey company

    1. Guernsey is a reputable jurisdiction to form an international company because:

Company registration

  • Time to incorporate: Two weeks
  • Cost to set up: €11,575
  • Minimum capital: None
  • Physical office required: No

Required appointments

  • Shareholders: 1
  • Directors: 1
  • Company secretary: Yes
  • Resident director: No

Key facts

  • Corporate tax rate: 0%
  • Corporate tax base: Worldwide
  • Shelf companies: No
  • Main company type: limited company

Frequently asked questions

Contact us

For additional information on our company registration services in Guernsey, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Mr. Seth Ochieng, directly:
client relationship officer - Seth
guernsey-finance guernsey-government Guernsey Society of Chartered and Certified Accountants guernsey-tourism guernsey international business association guernsey-harbours