Making business easy
Guernsey’s prosperity is founded on being an open, liberal and free-trading economy. Guernsey is open for business and the island’s government acknowledges the need for making business easy. Some of the ways the island achieves this include:
- Operates within the same time zone as the UK
- English speaking community
- Acknowledgement of the importance of a variety of different sectors within the economy. Including but not limited to: finance, tourism, digital, retail and construction.
- Close proximity to the UK with flight times from as little as 30 minutes
- Ability to communicate easily and directly with Government
- A robust but approachable regulator – GFSC
- Tech sector support from Digital Greenhouse
- Excellent finance connectivity with joint government and industry initiative – Guernsey Finance
Finance is the backbone of Guernsey’s economy
Guernsey is a global finance centre and is also one of the world’s leading captive insurance centres, as well as being a major provider of international and corporate services and home to numerous firms providing international pension schemes.
Guernsey has a responsive and responsible internationally recognised regulatory regime, and is leading the way in new sectors such as green finance and fintech solutions. The island is committed to maintaining its international reputation, and is an original member of the OECD’s exchange of tax information ‘white list’. Hospitality and tourism are thriving sectors, along with retail and creative industries, reflecting a community that is making an increasing contribution to a diversifying economy.
Learn more about Guernsey’s finance sector
