Protecting Business

With the growth in the number of offshore financial centres the level of competition between them increases. Jurisdictions have found it more and more difficult to differentiate themselves from competitors especially in the well established businesses of investment, trust and company administration and insurance.

With the announcement of the development of a Channel Islands Stock Exchange based in St Peter Port and the introduction of a number of improvements to general company law, such as the migration of companies, Guernsey is working hard to ensure that it remains competitive and continues to hold a leading position.

This strategy can be seen in the introduction of the Protected Cell Company (PCC), a unique vehicle developed last year which is already attracting international interest and generating worthwhile new business in the investment fund and captive insurance sectors.