Guernsey offers the advantage of formation of several types of legal entities, with different characteristics and thus serves a wide spectrum of business needs. The most usual type of company selected is that of a Limited Liability company (Ltd) i.e. a company whereby its Shareholders are held liable, seldom, for the company’s debts to the amount unpaid on the shares issued on their name. GFA TRUST offers professional and quality formation services in Guernsey.
The incorporation process takes 1 day with the ability also of forming a company within 2 hours if an additional fee is paid. The tax on offshore profits and exchange controls are non-existent.
The jurisdiction’s Local Requirements are limited to the existence of a Registered Office/Registered Agent which/who is to be located in Guernsey with no obligation attached as to the presence of a local Company Secretary, Director or with the legal obligation that the meetings of the company take place in Guernsey, as the location of the Board Meetings, can be placed anywhere in the world as also the company’s administration. The minimum number of Directors and Shareholders is 1.
Public filings are restricted only to the Directors of the company, hence, safeguarding the Shareholders and the Ultimate Beneficial Owners from publicly disclosing their information. In connection to the Annual Filing Requirement, there exists the obligation of submission of the Ltd’s Annual Return as also the submission of Audited Accounts, from which, as per the Companies (Guernsey) Law, 2008 companies qualified as small companies are exempted.
Whereas the issuance of bearer shares is non-acceptable, and the acquirement of shelf companies non-available, company re-domiciliation is permitted, as also, the appointment of Corporate Directors.
Our team of experts is able to assist our clients, also, in the consultation and formation of several other types of Guernsey companies, based upon the client’s needs and business goals: