Guernsey is compliant with Moneyval and fully committed to the implementation of FATF and CFT recommendations with respect to anti-money laundering and combating the financing of terrorism
Jurisdiction
Description
Legal Framework
Political Position
A self-governing jurisdiction since 1204, with more than 800 years of constitutional autonomy.
Origins based in Norman-French law, with a strong emphasis on English common law due to strong influence of UK.
Secure and stable with candidates typically being elected independently (non-partisan).
A self-governing jurisdiction, based on the 1922 Constitution of the Free Irish State following Anglo-Irish Treaty. Part of the European Union.
Irish Constitution was developed following Irish independence and incorporates elements of British common law.
Secure and stable with partisan politics.
A self-governing jurisdiction following independence from United Kingdom in 1968.
Amalgamation of French civil law and British common law.
Secure and stable with partisan politics.
ESG Credentials Taxation
Fees
Can elect to register as a Guernsey Green Fund.
Founding Member of United Nations’ FC4S network.
Options to list on the Sustainable segment of The International Stock Exchange.
Application Fee - £3,500.
Additional £500 for fast track.
Annual Fee - £3,500.
Fees are the same regardless of fund structure.
Managers are subject to separate charge.
Adherence to tax neutrality, no capital gains tax.
Requirement for funds in scope to meet Sustainability Disclosure Requirements from 2021.
Minimum €6,320 (Approx. £5,300) and additional fee for sub-funds.
No fees for registration.
Managers are subject to separate charge.
Tax exempt on income and gains for payments received from funds if they fall within relevant categories.
Application fee - USD1,000 (Approx. £750) for first fund/additional for each additional fund.
Annual Fee – USD3,000 (Approx. £2,200) for first fund/additional fee for additional fund.
Managers are subject to separate charge.
Adherence to tax neutrality, no capital gains tax.
Listing Opportunities
EU Economic Substance Status
Compliance with OECD Framework
Compliance with FATF Mutual Elevations
Tax Reporting
Proven diverse options to list on The International Stock Exchange, London Stock Exchange, Euronext, NYSE and NASDAQ.
Options to list on the Irish Stock Exchange, London Stock Exchange, Euronext, NYSE and NASDAQ.
Adherence to International Standards
(2019)
Compliant
Compliant with Moneyval and fully committed to the implementation of FATF and CFT recommendations
Most funds opt to list on the Stock Exchange of Mauritius.
N/A
Adopters of FATCA/CRS Compliant
Compliant or largely compliant with FATF and CFT recommendations
Adopters of FATCA/CRS
Adopters of FATCA/CRS Compliant
Exited grey list (2021) following review.
Whitelisted Whitelisted (2019)
Guernsey has an AA- credit rating from Standard & Poor’s, representing the island’s ‘very strong’ capacity to meet its financial commitments
