Robus Guernsey

Guernsey is a leading captive domicile in Europe and the fourth largest captive domicile in the world. Its familiar business environment, robust regulatory regime and flexible solvency requirements make Guernsey the preferred choice for many insurance entities.

The island’s reputation for world leading expertise and innovation is well deserved. Since the 18th century, Guernsey has pioneered new insurance structures – from the first captive in 1922 to the world’s first Protected Cell Company (PCC) in 1997.

Today, Guernsey is home is to over 700 different insurance entities, including open market insurers, captives and reinsurers.

Why Guernsey?

Solvency

Guernsey is not subject to the EU’s Solvency II Directive. This means solvency requirements are flexible and can be tailored according to the type of insurance entity. For captives in particular, this is a great way to ensure optimum capital efficiency.

Regulation

The Guernsey FSC is renowned for its robust yet pragmatic regulatory approach. They also show a genuine willingness to support new innovations. It’s no coincidence that Guernsey was first to introduce the Protected Cell Company (PCC), a concept that has since been replicated by other major domiciles.

GUERNSEY KEY FACTS

Robus Guernsey

Status: British Crown Dependency
Population: 65,000 (approx.)
Time Zone: GMT
Language: English
Dialing code: +44
Law: Common law, based on English law
Currency: Pound Sterling (£)
GDP: £2.7 billion (approx.)
Corporation tax: 0%
Major sectors: Finance, tourism, horticulture
Insurance regulator: Guernsey Financial Services Commission

Taxation

With no corporation tax, capital gains tax or VAT, Guernsey is considered to be an attractive domicile for many insurance entities and holding companies. Despite being among the most tax efficient domiciles in Europe, Guernsey prides itself on transparency, appearing on the OECD’s “white list” of co-operative jurisdictions.

Local Expertise

Guernsey is a well-established international business centre with a community of outstanding professional service providers. From accountancy to legal services, Guernsey is home to some of the world’s leading firms.

Law and Currency

As a British Channel Island, Guernsey offers a familiar business environment with a legal system based on English common law.

Location

Guernsey is particularly convenient for those based in the UK – with daily flights from London and other major cities. As the flight time from London is only 1 hour, you can spend a full working day in Guernsey and be back in the U.K. by 6pm!

Robus Guernsey

Robus Guernsey is the leading independent insurance manager in Guernsey. Our multi-disciplinary team have experience in managing all types of insurance entity – from captives and open-market insurers, to reinsurers and intermediaries.

Our local knowledge, our strong regulatory relationships and our contacts within the local business community, ensure our clients receive the very best advice.

Find out more about the Robus team >>