Guernsey - Common Law
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Guernsey taxes

If you want to incorporate in Guernsey, this will tell you about tax laws in Guernsey for a LTD which is the most common company type in the country.

Guernsey taxes income in a worldwide basis. However, current Corporate Income Tax, from our research, and your results may vary, is 0%. Companies involved in financial services are subject to a 10% CIT. Certain companies which are beneficially owned outside Guernsey or no Guernsey-resident has a beneficial interest (with the exception of shareholders, loan creditors, or nominees/trustees), among other conditions, may be tax exempted. Guernsey ranks 1st overall with regards to corp. taxation rate internationally.

A Guernsey Limited Company may have one or more shareholders and one or more directors, which can be natural or legal persons. Nominee shareholders are allowed. Details of shareholders and beneficiaries may not be disclosed in public records, but details of directors may be publicly available. There is no minimum capital required and it may be in any currency. Shares may be issued with a par or non-par value. Bearer shares are not allowed.

Limited companies may be required to file an annual return, but there is no requirement for the filling of accounts. If have resident beneficiaries or makes loans to shareholders, a quarterly annual return may be required. Accounting records must be kept for 6 years, but there is no required to be kept within the country. Financial statements should be prepared. A company may be required to have their annual accounts audited if meets two of the following conditions: turnover is £6.5m or more, net balance sheet of £3.26m or more, average number of employees is 50 or more.

There is no value-added tax or sales tax in Guernsey, which ranks the country as 1st when compared to VAT globally. In terms of other taxation, an employer may withhold in behalf of the employee 6.6% on social security contributions.

Thin cap standards are not enacted. Thin capitalisation refers to any type of laws on companies' debt-to-asset ratios. Dividends received are considered ordinary income and subject to a 0% tax. Capital Gains are not subject to taxation in Guernsey. A capital gains tax is levied on the profits that a corporation or natural person realizes when he or she sells sells a capital asset for a price that is higher than the purchase price.

Guernsey does not levy withholding taxes. This means that payments on dividends, royalties, interests or fees made to non-residents are not subject to taxation in Guernsey.
There is no capital duty in Guernsey. There is no known tax on wealth in Guernsey. There are real property taxes and a stamp duty on transactions of real property. There are no known taxes on transfers and inheritance. There are not many popular and well known credits for innovation spend that include tax incentives in this country.

The above is not tax or legal advice for your facts and circumstances. We can point you to an accountant in Guernsey who can answer all your questions. Ready to get started? Click incorporate now if you are in a hurry, or press the free consultation button above.

It takes approximately - hours to file and prepare documents for a Guernsey Common Law.
The corporate tax is approximately 0% which is 1 in the world.

Owners of a company in Guernsey are allowed to carry back a loss and may be allowed to carry forward a loss for 100 years.

The vat rate in Guernsey is 0% which ranks 1 in the world.

Patent box
RND credit
Wealth tax
Estate tax
Transfer taxes
Asset taxes
Capital duties
0Tax treaties
0%Offshore Tax
0%Corp rate
2Loss carryback years
-Corporate time
0%VAT rate
0%Capital gains
2017AEOI planned

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We can help you form a company in Guernsey. Click the button above for a no-obligation quote. We will provide you with all the necessary documents to open a bank account as well as a registered office in Guernsey, which is required by law.

Guernsey Tax Treaties

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Country Info

National Flag of
Bailiwick of Guernsey (eng)
Bailliage de Guernesey (fra)
Dgèrnésiais (nfr)
Area Code
St Peter Port
Northern Europe
Native Languages