Guernsey is one of the world’s largest offshore fiduciary centres with a long history in trust and fiduciary services. Guernsey is highly regarded for its expertise, its innovation and its sound regulation. The close proximity of Guernsey to the UK and other major financial cities in Europe, coupled with its reputation as a financial and wealth management service centre of excellence, make it an ideal jurisdiction that continually adapts and innovates to meet the ever changing demands of clients. Guernsey is also ideally placed to provide an array of private office services to satisfy the needs of wealthy families with diversified interests.
The Channel Island of Guernsey is a British Crown dependency situated in the English Channel some 156km from the UK and 80km from France. Although not part of the United Kingdom, Guernsey and the other Channel Islands, including Jersey, are a possession of the British Crown and as such its defence is the responsibility of the United Kingdom. The Channel Islands are not part of the European Union, but have a special relationship with it, being treated as part of the European Community for the purpose of free trade in goods. Guernsey has very strong links with the UK and wider Europe, it is politically independent and economically stable.
The economy of Guernsey is made up of financial services, such as banking, fund management and insurance. Guernsey’s financial regulator, the Guernsey Financial Services Commission (“GFSC”) has implemented regulatory standards which are second to none and this means that Guernsey’s service providers are in themselves world leaders in their corporate governance and procedures. There are no banking secrecy laws in Guernsey. Guernsey has many of the world’s leading fiduciary and banking companies and the Island prides itself on being a leader in the field of finance and wealth management services.
