Yacht Registration And Ownership

GUERNSEY - CENTRE OF FINANCIAL STABILITY

The Channel Island of Guernsey is situated off the coast of France, but is a British Crown dependence. It is a self-governing state with its own constitution, legal and tax structure. The Island is therefore free of all United Kingdom fiscal and currency controls and, under Protocol 3 of the Treaty of Accession, enjoys a special relationship with the European Economic Community guaranteeing the Island's fiscal autonomy. Guernsey is excluded from any requirement to levy any form of Community taxation.

Guernsey's sophisticated offshore financial environment, its low equitable level of corporate and personal taxation and its political stability have attracted the active participation of many international institutions whose high standard of service distinguishes the Channel Islands from many other offshore centres.