Guernsey: Trust And Corporate Services From Guernsey

Last Updated: 23 March 2016
Article by Matt Litten and Coryn Le Clerc


There has been an explosion of entrants to the ranks of the super or ultra wealthy in recent years. Members of wealthy families are mobile and base themselves in diverse jurisdictions.

The continuing globalisation of private and institutional wealth is driving the development and expansion of financial services and careful consideration as to where to base your or your clients' structures is more important than ever.

Complexities in cross-border tax and estate planning require the involvement of advisors and professionals based in several jurisdictions in order to deliver the best advice and service levels. Very often it is not possible for one firm to provide all facets of the required services and strong working relationships amongst unconnected firms become crucial.


Situated in the Channel Islands and English speaking, the island of Guernsey shares the same time zone as London and the same convenient location between The Americas and the Far East. It has good communication links to London and other parts of the United Kingdom and Continental Europe and, via them, to the rest of the world.

Guernsey is independent in legislative and fiscal matters and is not part of the European Union. As such, most EU directives do not apply in Guernsey.

Guernsey has a history of political stability and good governance and has legislation that is up-to-date, workable and in compliance with international standards.

Guernsey company law broadly follows English law principles. The Companies (Guernsey) Law 2008 has brought Guernsey companies to the forefront of modern business needs.

Guernsey trust law has also been updated very recently and is now one of the most modern trust laws available.

A well-established and substantial body of competing fiduciary, legal, accounting and banking service providers are located in Guernsey, ensuring high levels of professionalism, choice and independence.


Collas Crill Trust is a fully licensed fiduciary services company1.

Collas Crill Trust is owned by the partners of Collas Crill, one of the premier providers of legal services in Guernsey and Jersey.

Collas Crill Trust offers an extensive range of fiduciary and related services. These include:

  • Trustee services
  • Trust administration
  • Trust protector services
  • Corporate formations
  • Corporate management and the provision of directors and other company officers
  • Company secretarial services
  • Corporate administration and accounting
  • Nominee shareholders
  • Registered office facilities

Collas Crill Trust works closely with clients and their advisors to ensure that the arrangements put in place are appropriate.

Although owned by Collas Crill, Collas Crill Trust is independent and has a free choice of service providers and is, therefore, able to work with the broadest range of banking, investment and other professionals to best meet clients' needs and wishes.

Collas Crill Trust staff and management include professionally qualified solicitors, advocates, chartered accountants and chartered secretaries.


Whilst there is no legal requirement for the trustee of a Guernsey trust to be resident, it is usually necessary that they be located outside of any higher-tax jurisdiction to avoid the risk of the trust itself becoming liable to tax there. In addition the very act of being a trustee is not something that should be undertaken by those not fully conversant with the laws, regulations and practices that need to be considered. Collas Crill Trust has been in the business of providing trustees since 1988 and has a high level of expertise.

Collas Crill Trust's commitment to investing in excellence in our staff, systems and training enables Collas Crill Trust to provide efficient, timely and professional administration and accounting services for trusts, whether or not we act as trustees.

We are able to act as protectors (or enforcers for purpose trusts) where required.

Collas Crill Trust acts for trusts for both private and institutional clients and also provides trustee services to charitable trusts and pension schemes.

Through our connection with Collas Crill, we are able to secure first class legal advice in connection with all aspects of Guernsey trust law.


The location of management and control of a company will often be a critical factor in deciding that company's tax residence, in the same way as for trusts. Having directors (or people whose direction is habitually followed by board members) located in a high tax jurisdiction can negate many tax planning benefits.

Collas Crill Trust is able to provide in-house directors for companies, in circumstances where we are satisfied that the business activities are such that it is appropriate to do so. We can also recommend independent directors.

In addition to its management services, Collas Crill Trust can provide a full range of support. Our experienced company secretarial team can advise on statutory filings and other local Guernsey compliance issues and can assist in the drafting of administrative documentation such as Annual Validations and Board Resolutions.

Full book-keeping, accounts preparation and general administrative functions can be provided by our staff, all of whom are based in Guernsey.

With Guernsey having moved to a 0% tax rate for companies from 1 January 2008 many company owners are considering relocating their base of activities to Guernsey. Where the initial size of an operation does not justify a full office set-up then Collas Crill Trust can provide managed and serviced office facilities until the operation is of sufficient scale to go it alone.


The explosion of family wealth globally has increased the demand for high-quality offshore fiduciary services.

The Guernsey jurisdiction has much to offer international businesses and high net worth individuals.

Collas Crill Trust and Collas Crill are well equipped to deliver a first class and personal service to you and your clients.


1 Full fiduciary licence issued by the Guernsey Financial Services Commission

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

Click to Login as an existing user or Register so you can print this article.

In association with
Mondaq Advice Centre (MACs)
Up-coming Events Search
Font Size:
Mondaq on Twitter
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).
Email Address
Company Name
Confirm Password
Mondaq Topics -- Select your Interests
 Law Performance
 Law Practice
 Media & IT
 Real Estate
 Wealth Mgt
Asia Pacific
European Union
Latin America
Middle East
United States
Worldwide Updates
Check to state you have read and
agree to our Terms and Conditions

Terms & Conditions and Privacy Statement (the Website) is owned and managed by Mondaq Ltd and as a user you are granted a non-exclusive, revocable license to access the Website under its terms and conditions of use. Your use of the Website constitutes your agreement to the following terms and conditions of use. Mondaq Ltd may terminate your use of the Website if you are in breach of these terms and conditions or if Mondaq Ltd decides to terminate your license of use for whatever reason.

Use of

You may use the Website but are required to register as a user if you wish to read the full text of the content and articles available (the Content). You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these terms & conditions or with the prior written consent of Mondaq Ltd. You may not use electronic or other means to extract details or information about’s content, users or contributors in order to offer them any services or products which compete directly or indirectly with Mondaq Ltd’s services and products.


Mondaq Ltd and/or its respective suppliers make no representations about the suitability of the information contained in the documents and related graphics published on this server for any purpose. All such documents and related graphics are provided "as is" without warranty of any kind. Mondaq Ltd and/or its respective suppliers hereby disclaim all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Mondaq Ltd and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use or performance of information available from this server.

The documents and related graphics published on this server could include technical inaccuracies or typographical errors. Changes are periodically added to the information herein. Mondaq Ltd and/or its respective suppliers may make improvements and/or changes in the product(s) and/or the program(s) described herein at any time.


Mondaq Ltd requires you to register and provide information that personally identifies you, including what sort of information you are interested in, for three primary purposes:

  • To allow you to personalize the Mondaq websites you are visiting.
  • To enable features such as password reminder, newsletter alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
  • To produce demographic feedback for our information providers who provide information free for your use.

Mondaq (and its affiliate sites) do not sell or provide your details to third parties other than information providers. The reason we provide our information providers with this information is so that they can measure the response their articles are receiving and provide you with information about their products and services.

If you do not want us to provide your name and email address you may opt out by clicking here .

If you do not wish to receive any future announcements of products and services offered by Mondaq by clicking here .

Information Collection and Use

We require site users to register with Mondaq (and its affiliate sites) to view the free information on the site. We also collect information from our users at several different points on the websites: this is so that we can customise the sites according to individual usage, provide 'session-aware' functionality, and ensure that content is acquired and developed appropriately. This gives us an overall picture of our user profiles, which in turn shows to our Editorial Contributors the type of person they are reaching by posting articles on Mondaq (and its affiliate sites) – meaning more free content for registered users.

We are only able to provide the material on the Mondaq (and its affiliate sites) site free to site visitors because we can pass on information about the pages that users are viewing and the personal information users provide to us (e.g. email addresses) to reputable contributing firms such as law firms who author those pages. We do not sell or rent information to anyone else other than the authors of those pages, who may change from time to time. Should you wish us not to disclose your details to any of these parties, please tick the box above or tick the box marked "Opt out of Registration Information Disclosure" on the Your Profile page. We and our author organisations may only contact you via email or other means if you allow us to do so. Users can opt out of contact when they register on the site, or send an email to with “no disclosure” in the subject heading

Mondaq News Alerts

In order to receive Mondaq News Alerts, users have to complete a separate registration form. This is a personalised service where users choose regions and topics of interest and we send it only to those users who have requested it. Users can stop receiving these Alerts by going to the Mondaq News Alerts page and deselecting all interest areas. In the same way users can amend their personal preferences to add or remove subject areas.


A cookie is a small text file written to a user’s hard drive that contains an identifying user number. The cookies do not contain any personal information about users. We use the cookie so users do not have to log in every time they use the service and the cookie will automatically expire if you do not visit the Mondaq website (or its affiliate sites) for 12 months. We also use the cookie to personalise a user's experience of the site (for example to show information specific to a user's region). As the Mondaq sites are fully personalised and cookies are essential to its core technology the site will function unpredictably with browsers that do not support cookies - or where cookies are disabled (in these circumstances we advise you to attempt to locate the information you require elsewhere on the web). However if you are concerned about the presence of a Mondaq cookie on your machine you can also choose to expire the cookie immediately (remove it) by selecting the 'Log Off' menu option as the last thing you do when you use the site.

Some of our business partners may use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies and we are not aware of any at present that do so.

Log Files

We use IP addresses to analyse trends, administer the site, track movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.


This web site contains links to other sites. Please be aware that Mondaq (or its affiliate sites) are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of these third party sites. This privacy statement applies solely to information collected by this Web site.

Surveys & Contests

From time-to-time our site requests information from users via surveys or contests. Participation in these surveys or contests is completely voluntary and the user therefore has a choice whether or not to disclose any information requested. Information requested may include contact information (such as name and delivery address), and demographic information (such as postcode, age level). Contact information will be used to notify the winners and award prizes. Survey information will be used for purposes of monitoring or improving the functionality of the site.


If a user elects to use our referral service for informing a friend about our site, we ask them for the friend’s name and email address. Mondaq stores this information and may contact the friend to invite them to register with Mondaq, but they will not be contacted more than once. The friend may contact Mondaq to request the removal of this information from our database.


This website takes every reasonable precaution to protect our users’ information. When users submit sensitive information via the website, your information is protected using firewalls and other security technology. If you have any questions about the security at our website, you can send an email to

Correcting/Updating Personal Information

If a user’s personally identifiable information changes (such as postcode), or if a user no longer desires our service, we will endeavour to provide a way to correct, update or remove that user’s personal data provided to us. This can usually be done at the “Your Profile” page or by sending an email to

Notification of Changes

If we decide to change our Terms & Conditions or Privacy Policy, we will post those changes on our site so our users are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we will notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

How to contact Mondaq

You can contact us with comments or queries at

If for some reason you believe Mondaq Ltd. has not adhered to these principles, please notify us by e-mail at and we will use commercially reasonable efforts to determine and correct the problem promptly.