Company Law In Guernsey - General

Statutory requirements applying to companies in the Island are set out in The Companies (Guernsey) Law 1994, as amended by the Companies (Amendment) (Guernsey) Law 1996 and extended further by the Companies (Enabling Provisions) (Guernsey) Law 1996. Additional information regarding company law can be found in the forthcoming KPMG publication The Guernsey Company Law Handbook. Financial institutions are concerned primarily with complying with the relevant laws applicable to their sector. These are set out in detail in the KPMG publication Banking and Finance in Guernsey.

Incorporation is effected by registration. Registration confers legal personality and, unless limited in the Memorandum and Articles of Association, perpetual succession on the incorporated body.