Guernsey offers a pragmatic and responsive regime for the
incorporation and day-to-day administration of companies. Key
features of the Companies (Guernsey) Law, 2008 (as amended)
Single member companies
Ability to incorporate companies with limited liability,
unlimited liability, mixed liability and liability limited by
No authorised capital or capital maintenance requirements,
other than a statutory solvency test on distributions. In turn,
this means no share premium account requirements and the ability to
redeem or repurchase shares out of any capital account
Standard constitutional documents available by default
Unrestricted company objects
The ability to waive AGM and audit requirements
No financial assistance restrictions other than satisfaction of
the solvency test
No statutory codification of directors' duties
Minority squeeze-out provisions on a take-over
The ability to transfer incorporation in and out of Guernsey,
with compatible jurisdictions
The ability to incorporate companies as protected cell
companies and incorporated cell companies (see our associated Red
Guide on PCCs and ICCs as Guernsey Investment Funds)
Voluntary strike-off without a liquidation process
The incorporation process is a straightforward electronic
registration. This can be completed in a day, provided that the
prerequisite director registration and anti-money laundering
formalities have been completed.
Incorporation must be carried out by a local corporate services
provider. Our affiliated provider is AO Active.
The company must maintain a registered office in Guernsey and
complete an annual validation filing. These services are usually
provided by a local corporate services provider.
Details of the company are maintained on the electronic register
maintained by the Registrar of Companies (www.guernseyregistry.com and www.greg.gg
) and all subsequent filings can be made electronically via the
secure online portal.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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