New business is easy to setup with low requirements for limited liability companies. This business entity is preferred by international business looking to setup in Guernsey. Entrepreneurs enjoy the following setup benefits:
· One director of any nationality;
· Company secretary different that the director individual;
· No requirements for minimal issued capital;
· There is no need to rent office space;
· A minimum of two shareholders, with corporate shareholder option available.
Consequently, with the professional help of Healy Consultants, the Client doesn’t have to travel personally for a complete business setup.
About Guernsey’s accounting and compliance exemptions
Favorably companies registered in Guernsey pay zero tax on all income, unless specifically governed by the Financial Services Commission. In this case corporate income tax is levied at flat 10%. This convenient 0/10 tax regime dates back to 2008, when it was first introduced.
Foreign entrepreneurs need to keep in mind that companies in Guernsey company can be exempted from audit requirements if these prerequisites are present:
· Annual turnover less than £6.5 million;
· Net balance sheet less than £3.26 million
· Company with less than 50 employees.
Additional benefits you might not know
Guernsey is a world-renowned business center to conduct investment fund business and a wide array of alternative investments. With proper structuring business entities can be fully tax-exempt. Entrepreneurs will further benefit from the absence of EU VAT registration.
Guernsey's investment funds field are boosted by the presence of the Channel Islands Securities Exchange (CISE), popular for its consistency, swiftness and cost-efficiency.
Healy Consultants assists international business for complete business incorporation in Guernsey, while successfully secures corporate banking for one complete and cost-efficient engagement.
About Healy Consultants
Healy Consultants are professionals who offer quality services, which perfectly match the needs of our highly sophisticated clients. We are also proud of the fact that our services are affordable and accessible by our most modest customers.
Our clients have access to an excellent range of quality products and services. We come with rich experience and a global presence, resulting in unique market awareness beneficial to your firm in more ways than one.
For further information:
Mr. Aidan Healy, Business Owner, Healy Consultants