Guernsey Trust

The Guernsey law of trusts was codified in 1989 along broadly Anglo-Saxon lines in the Trusts (Guernsey) Law 1989 since updated by the Trusts (Guernsey) Law 2007. On the whole, it gives extra protection to beneficiaries. This law does not apply directly in Alderney or Sark but has a substantial influence on trusts in those jurisdictions.

Trust documents are in English. There are no registration requirements for trusts, no fees are payable on the formation, and there are no annual reporting requirements other than for resident trusts (i.e. those with resident beneficiaries). Trust accounts must be kept but there is no audit requirement.

Key Features

Guernsey International Trust

Corporate Details

General

  • Type of entity

International Trust

  • Type of law

Follow English law

  • Legal Framework

Trusts (Guernsey) Law 2007

  • Our time to establish a Trust

2 weeks

  • Taxation of trust assets

None

  • Double Taxation Treaty access

No

  • Change of Domicile permitted

Yes

  • Duration

100 years

  • Restriction on Investment of Trust asset

No

  • Succession

As per Trust Deed

Settlor

  • Requirements

Should not be a resident of Guernsey

  • Qualifications

A trustee, a beneficiary or a protector of the trust.

Beneficiary

  • Requirements

Should not be a resident of Guernsey

  • Qualifications

 A trustee, a beneficiary or a protector of the trust.

  • Property

Should not include immovable property situated in Guernsey

  • Forced heirship applicable

No

Trust asset

  • Restriction on type/amount

No, except property situated Guernsey

 Trustee   

  • Minimum number

1 if corporate and 2 or more if not corporate

  • Qualification

No domestic trustee is required

Accounts

  • Requirement to file

Yes

  • Publicly accessible

No