Guernsey is a jurisdiction with a proven track record in property funds.

With typical property fund life cycles of between 10-12 years, the fact that Guernsey has experience dating back to the early 1980s when property funds were in their infancy is both reassuring and a strong credential for fund promoters looking for a jurisdiction where property works.

Promoters of Guernsey funds include:

  • ING Real Estate
  • F&C
  • M&G
  • Schroders
  • ISIS
  • Tilney
  • Thames River
  • AXA
  • Standard Life
  • Kenmore
  • Teesland
  • Scottish Widows

Growth in property funds

The net asset value of property funds in Guernsey has grown dramatically over the past 5 years, with growth of 105% during 2006.


Pragmatic regulation – The Guernsey Financial Services Commission promotes a pragmatic regulatory environment for property funds.

Fast track capability – Self-certification Qualifying Investor Funds (QIFs) enable very short authorisation times and a parallel registered fund regime is being introduced. The streamlined consent process for registered closed-ended funds came into effect on 1 February 2007.

Competitive tax environment – Property funds are structured so that no liability to tax will arise in Guernsey. No VAT is payable in Guernsey.

IT solutions – Many administrators have software systems developed specifically for property funds, providing effective solutions for both complex and simple property fund structures.

Legislation – Guernsey has a modern limited partnership law and company law. A Guernsey limited partnership can elect to have a legal personality.


With more than 20 years of experience in property funds Guernsey has a pool of dedicated specialists.

Experienced administrators – As well as fund managers and custodians, Guernsey has more than 45 administrators (many of them international operations), with a significant number dedicated to the provision of property administration services.

Accounting services – the big four all have large offices on the Island, in addition to other accounting practices.

Legal expertise – all of the principal local law firms have specialists with property expertise.

For more information about Guernsey's finance industry please visit

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