Although in some respects overshadowed by its close neighbour, Jersey, Guernsey provides a base for many of the world's most respected financial institutions, particularly in the banking and trust field. Guernsey enjoys a high degree of respectability in the world's financial circles. Recently introduced legislation allows exempt companies to be managed and controlled from the island.
Prior approval is required.
Certain words, eg Insurance, Assurance etc., require further approval. Beneficial ownership must be disclosed to the authorities, together with intended trading activities of the Company.