"Guernsey: A Leading Centre of Substance" outlines Guernsey’s commitment to international standards of transparency, governance, and economic substance. It explains the island’s proactive adoption of global frameworks, including the OECD’s Base Erosion and Profit Shifting (BEPS) agenda, FATCA, and the Common Reporting Standard. Guernsey’s economic substance legislation, introduced in 2019, ensures that tax-resident companies demonstrate genuine operational presence and activity. The jurisdiction is whitelisted by both the OECD and EU, reflecting its cooperative stance on tax transparency and anti-money laundering.
The piece also highlights Guernsey’s alignment with global treaties and agreements, such as the Multilateral Instrument and Competent Authority Agreement, reinforcing its role as a trusted international finance centre. With a strong regulatory foundation and a clear focus on integrity, Guernsey positions itself as a credible and compliant jurisdiction for global business.
