With flat income tax rates for both personal (20%) and business (0% for non-finance businesses) income and no VAT or sales taxes, it is easy to understand what your costs will be and what profits or income you will retain. All the Government Departments are helpful in explaining how the Guernsey system works and there are many tax advisors and accountants available for those with more complicated tax arrangments.

 

There are a wealth of support businesses providing all the infrastructure anyone might need to get their businesses off the ground, from all types of telecoms services, to office supplies and recruitment agencies.

 

Estate Agents will help you hunt down the right property and advise you on the local planning laws. If you plan on bringing in key staff you will need advice on Housing Licences and you can either talk to us in the initial stages or call the Housing Department to see what might be possible. 

 

Recruitment Agencies can also help here as often, if you are applying for a Licence for a key member of staff, the local Housing Department will need to have proof that no-one suitable is available in the Island to carry out that particular role in your business. Recruitment Agencies can also advise you on local Contracts of Employment and Guernsey Employment Law.

 

You should find Guernsey a friendly place to locate your business and if you have any doubts or questions then please do not hesitate to contact us at the Guernsey Enterprise Agency on 01481 710043 or email us at info@gea.gg