Tax experts taking part in a panel discussion at the recent Guernsey Funds Forum in London warned that the asset management industry could end up becoming the victim of ‘collateral damage’ as the proposed Base Erosion and Profit Shifting (Beps) regime is implemented. The Forum, which took place on 11 May, saw Tony Mancini of KPMG Channel […]
Guernsey Finance has signed a memorandum of understanding (MOU) with the Shanghai Family Office Union, which outlines business development betweeen the two. Guensey Finance would access office space and meetings rooms in Shanghai as part of the MOU, while events, employee exchange programmes and registration services are also covered. Kate Clouston (pictured), director of International […]
Guernsey Finance has appointed Zoë Cousens (pictured) as its first ever Middle East representative. Mrs Cousens relocated to the region at the start of September and will help to promote Guernsey’s financial services industry in the Middle East and be an on-the-ground presence for Guernsey Finance. Based in Dubai, she will act as the main point […]
Following European Commission announcement that it has added Guernsey to a blacklist of non-cooperative jurisdictions, the EU institution now made a U-turn. As Guernsey Finance confirmed today, a meeting between officials in Brussels resulted in the Commission continuing to endorse the crown dependency as a cooperative jurisdiction. As InvestmentEurope reported earlier, in order to be […]
Some fund managers are passing up European investment opportunities in a bid to steer clear of the Alternative Investment Fund Managers Directive (AIFMD), according to a panel of experts at the Guernsey Funds Forum 2015. The event was held in London last week and attracted more than 500 attendees to listen to keynote speaker Guy […]
The KPMG report International Capital Flows suggests that funds domiciled in Guernsey help generate £25bn of investment into the UK from global investors. Commissioned by the States of Guernsey and supported by Guernsey Finance, the report suggests that most of this investment is deployed into long term tangible assets including private equity, infrastructure and commercial […]
Guernsey has confirmed rules intended to limit tax evasion between OECD countries will take effect on the island from 1 August.
Guernsey Financial Services Commission (GFSC) has licensed 107 new international insurers in the last 12 months, consolidating its position as the largest captive insurance domicile in Europe.
Guernsey Finance is seeing growing interest in Guernsey as a centre for wealth management from Russian high net worth individuals and their advisers.
English Channel island Guernsey has presented its new foundation law which, agreed by the Island’s Government and the States of Guernsey, is currently awaiting final ratification by the UK’s Privy Council.
Guernsey may lie just 50 kilometers west of France’s shores, but in terms of fund industries the lands could hardly be further apart.
A new foundations law is expected to be introduced in Guernsey by the end of the year. Guernsey Finance will hold a seminar in London on September 18, titled The Foundations Alternative, to inform the wealth management industry of the nature of these changes and the affect they will have.