Business For Sale Guernsey | Business For Sale Listings
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Get to Know About Guernsey
Guernsey is a self-governing island in the English Channel off the coast of Normandy. The country has a total area of 65 square kilometers and is home to approximately 66,000 people. The head of the state is Queen Elizabeth II. However, Guernsey has a government of its own. Thus, it is not a part of Great Britain, even though the UK government handles foreign relations and defense.
The main economic driver of Guernsey is the finance and accounting industry. This is because companies like to register in the country because of the minimal tax requirements and flexible arrangements. Depending on the industry, some companies might not even need to pay the corporate tax. Besides that, there are no capital gains, inheritance, VAT, or general withholding taxes.
The tourism industry has always been booming in Guernsey. So, you have opportunities in there too. The developed infrastructure and the frequent introduction of incentives make commerce easier; thus, doing business in Guernsey could be a positive experience for you.
In conclusion, we could say that if not doing business, then at least registering a company in Guernsey can be a great idea. Well, we are not the first ones to say it, as there already are more than 60,000 registered business in the country, which is almost equal to the population.