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Financing a Business in Guernsey

Guernsey

Financing a Business in Guernsey

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Financing A Business in Guernsey

The main incentive for a UK business looking to expand or open a company in Guernsey is the low taxation. With taxes far lower in Guernsey than the UK mainland, the financial advantages include:

  • Between 0% and 20% personal income tax
  • Between 0% and 30% corporate (depending on the nature of your business)
  • No import tariffs
  • No exchange tariffs

Private Financing

A good starting point for investigating private finance options on the island is the Guernsey Enterprise Agency www.gea.gg

The agency can offer free advice regarding business plans and cash flow. There are several banks on the island, which provide services such as loans and credit. It is advisable to consult an accountant before making any formal approaches to a bank and to make sure that you have an extensive business plan in place.

Click here to Ask an Expert about Financing a Business in Guernsey

Organisations that can assist with Financing a Business

  • > Need to open a bank account in this country?

    Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.

    More Details Visit Website
  • > Freedom24

    The Freedom24 online trading platform by Freedom Finance contains 1 000 000+ investment products including new stocks at their IPO (initial) price.

    More Details Visit Website

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