Positive Inward Migration Trend Continues For Guernsey

Guernsey continues to see a growth in inward migration of companies after the best quarter of growth this year, according to the latest figures.

The Guernsey Registry, which is responsible for tracking migrations both in and out of the island, reports that 23 companies migrated to Guernsey during the third quarter of 2017. With just four companies migrating out, it represents a net inward migration of 19 companies moving their domicile to Guernsey in one quarter alone.

That means the net migration of companies to Guernsey in 2017 stands at 36, as at the end of Q3. The latest figures build on the positive results of 2016 when there were 83 company migrations to Guernsey and only 26 migrations out – signifying a net growth of 57.