Guernsey Exempt Corporation

Guernsey is one of the Channel Islands, famous for its tax-haven status. In recent years, Guernsey’s financial centre has become increasingly important, with most international banks having either a branch or subsidiary in Guernsey. The island is also home to branches or subsidiaries of many major international insurance companies. In terms of security and stability, Guernsey is as good as it gets. Guernsey has agreed to implement the OECD Exchange of information treaty and has signed an agreement with the UK. This allows HM Revenue & Customs (HMRC) to ask for the bank account details of any company that could be liable for income tax, corporation tax, capital gains tax or VAT in the UK.


Key Features

Guernsey Exempt Company Corporate Details
·         Type of Entity Exempt Company
·         Type of Law English Common Law
·         Registered Office in Guernsey Yes
·         Shelf company availability No
·         Our time to establish a new company 1 Business days
·         Corporate Taxation No
·         Access to Double Taxation Treaties No
Share capital or equivalent
·         Standard currency GBP
·         Permitted currencies Any
·         Minimum paid-up GBP 1
·         Usual authorized GBP  10,000
·         Minimum number 1
·         Local required No
·         Publicly accessible records Yes
·         Location of meetings Anywhere
·         Corporate directorship allowed Yes
·         Minimum number 1
·         Publicly accessible records Yes
·         Corporate members allowed Yes
·         Location of meetings Anywhere
Company Secretary
·         Required No
·         Local or qualified No
·         Requirements to prepare Yes
·         Audit requirements No
·         Requirements to file accounts No
·         Publicly accessible accounts No
·         Requirement to file annual return Yes
·         Migration of domicile permitted No



  1. No authorized share capital
  2. Unlimited objects
  • Single members are permitted
  1. No requirement to file accounts
  2. Ability to waive requirement to hold AGM’s and to have accounts audited (subject to certain conditions)
  3. Distributions are by way of a solvency test
  • Simple and cost-effective striking off
  • Standard rate of tax applicable to companies is 0%


The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.


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