Recently at Captive Live UK, a fellow panellist advised that over 90% of new business in Guernsey was through cells and similar proportions of new business were being generated by cells in other jurisdictions with appropriate legislation.
Ahead of the forthcoming G8 and G20 meetings on tax transparency, Guernsey's Chief Minister, Peter Harwood, has taken the opportunity to set out the Island's leadership and track record on tax transparency.
Avondale Solutions has announced a new partnership with Elizabeth Ackers, a UK based consultant, to extend its offering of business consultancy and directorship services further into the UK market.
Aon Insurance Managers has seen significant growth in cell activity within its White Rock Guernsey cell companies.
Migration is effected by application to the Guernsey Registrar of Foundations (the "Registrar") and therefore no court application is required, which enables a streamlined process for migrations.
Guernsey has signed a Double Taxation Arrangement (DTA) with Hong Kong.
Guernsey Finance’s Fiona Le Poidevin looks at the creation of the Guernsey Foundation and what it offers that makes it different to other private client solutions.
Fiona Le Poidevin, Chief Executive of Guernsey Finance – the promotional agency for the Island’s finance industry, looks at the role of international finance centres (IFCs).
Although it boasts a thriving private equity industry, Guernsey must lessen its dependence on UK-sourced business and diversify into other areas if it is to prosper, writes Yuri Bender of PWM.
Nerine was the first Channel Islands independent trust company to open an office in India with the launch of Nerine Advisory Services Pvt Limited in Delhi in 2011, which was followed later that year by the incorporation of Nerine Trustee Company Pvt Limited.
Guernsey’s decision not to seek equivalence with Solvency II should not be seen as a sign its regulations are in any way lower quality than other jurisdictions, according to Martin Le Pelley, the immediate past chairman of the Guernsey International Investment Association.
Companies need to be increasingly vigilant in complying with regulatory, tax and legal compliance across the full scope of their jurisdictional footprint, according to Martin Le Pelley, compliance director for Heritage Insurance Management.
New figures from the Guernsey Financial Services Commission show that the net asset value of funds under management and administration in the Island grew £2.4 billion during the fourth quarter of 2012.
A recent Court of Appeal decision in Guernsey, Re B (2012) has highlighted the issue of trustees’ duty of confidentiality when disclosure of confidential information may be in the best interests of the trustees.
An outline of the scope for future development in the island’s private client sector.
Whether you are new to family meetings or have one every year, these guidelines will help ensure your agenda runs smoothly and achieves the goals you have set.
With a little forethought and tact, challenging family issues can be resolved before they escalate into real problems.
A guide to running successful family meetings.
It has long been popular for high net-worth people who are not domiciled in the United Kingdom to form an offshore company, often in the British Virgin Islands, for the purposes of holding property in the United Kingdom.
Hailed by some as a victory for wealthy individuals seeking to safeguard their assets, the recent landmark English Court of Appeal judgment in Petrodel v Prest has caused shockwaves in the arena of family law and reversed, at least for now, the court's power to plunder company assets in divorce cases.