Guernsey company registration


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Since 2003, Healy Consultants Group 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.

Compare different Guernsey entities Tax resident LLC Legally tax-exempt company Digital company Financial Services Company Foundation
Also known as LLC Offshore company Digital company FSC certified company Private foundation
Best use of company? All products and services Professional services Digital innovation and creative start-up Financial services businesses Wealth management
How soon can you invoice Clients/sign sales contracts? 2 weeks 2 weeks 2 weeks 3 months 2 weeks
How soon can you hire staff? 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
How soon can you sign a lease agreement? Immediately Immediately Immediately Immediately Immediately
How long to supply corporate bank account numbers? 3 weeks 3 weeks 1 week 3 weeks 3 weeks
How long to supply company registration / tax numbers? 2 weeks 2 weeks 2 weeks 2 weeks 2 weeks
Corporate tax rate on annual net profits? 0% 0% 0% 0% 0%
Limited liability entity? Yes Yes Yes Yes Yes
Government grants available? No No No No No
Government approval required for foreign owners? No No No No No
Resident director/partner/manager/ legal representative required? Yes Yes Yes Yes Yes
Minimum paid up share capital? £1 £1 £1 £1 £1
Can bid for Government contracts? Yes Yes Yes No No
Corporate bank account location? ABN Amro Barclays Deutsche Bank RBS Lloyds Bank
Can secure trade finance? Yes Yes Yes Yes No
VAT payable on sales to local customers? 0% 0% 0% 0% 0%
Average total business set up engagement costs? £13,575 £12,625 £13,575 £26,465 £24,375
Average total engagement period? 2 months 6 weeks 2 months 5 months 2 months

Guernsey business setup summary

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  • 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;
    4. Guernsey has excellent infrastructural facilities that enables the companies incorporated in the island to access the global markets and interact with a wide range of customers. The nation has recently invested US$1.3 billion and developed a data centre having 7 fibre optic cables which connects the country with UK and France.

    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 neutral 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 ix) Qatar x) Seychelles xi) Singapore and xii) the United Kingdom. It also benefits from partial treaties with a few other countries;
    4. Guernsey has a small population of 62,506 people, as per 2018. As a result, it is challenging for employers to expand their business locally or launch and test new products in this extremely small market. Moreover, it would be tough for employers to hire skilled labour force in areas other than finance, business, administration and IT services;
    5. Effective 1 January 2019, Guernsey entities including i) investment holding companies ii) IP companies iii) trading companies iv) professional service providers and v) funds and other financial services companies are required to employ local staff and lease a physical office.
  • Best uses for a Guernsey company

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

Frequently asked questions

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Contact us

For additional information on our company registration services in Guernsey, please contact our in-house country expert, Mr. Seth Ochieng, directly:
Director of Client Engagements - Seth
  • Mr. Seth Ochieng
  • Director of Client Engagements
  • Contact me!
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