(Investment Business Update Special November 1996)
Guernsey is host to 40 investment managers, administrators and custodians. It currently attracts promoters from over 30 countries internationally and others continue to show interest. There are over 80 fund management groups represented in Guernsey. So what makes Guernsey so attractive?
There are a number of reasons, not the least of which is being conveniently placed between the US and the Far East time zones and the breadth of experience which Guernsey has to offer. Guernsey has not grown into a major financial centre overnight, but rather the finance sector has developed naturally and gradually over the last thirty-five years - and collective investment schemes have been established in Guernsey throughout this period.
Of great importance to international businesses is Guernsey's wide range of product options and its flexible and responsive regulatory framework with which to design new products. It is, in fact, Guernsey's reputation of maintaining high regulatory standards which is attractive to quality businesses and investors.
In summary, the adjacent list highlights the features which make Guernsey so attractive.
wide range of product options
high regulatory standards
responsive and approachable authorities
maturity of advice and breadth of experience
convenient time zone
competitive administrative costs
excellent commercial infrastructure
high level of professional support services
no exchange controls
For further information contact Peter Crook on Tel: +44 (0) 1481 712 706 or fax: +44 (0) 1481 712 010 or e-mail: email@example.com
Visit the Guernsey Financial Services Commission Web Site at Click Contact Link
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.
To print this article, all you need is to be registered on Mondaq.com.
Click to Login as an existing user or Register so you can print this article.
Many people are baffled by trusts, the purpose of which they don't fully comprehend. Some even regard them with suspicion, as tools of of opaque tax evasion strategies of a type favoured by wealthy individuals.
We were recently instructed by a Bank in relation to a regulatory matter. The Bank had made a suspicious activity report to the Financial Investigation Unit ("FIU") due to their concerns about the potential source of funds in an account.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).