Locations

Guernsey

Bailiwick of Guernsey is a British Crown dependency in the English Channel off the coast of Normandy. Guernsey is not part of the UK but rather a separate possession of the Crown, comparable to the Isle of Man. Guernsey is also not part of the European Union. The island of Guernsey is divided into 10 parishes. Together with the Bailiwick of Jersey, it is included in the collective grouping known as the Channel Islands. Guernsey belongs to the Common Travel Area

• Personal Income Tax rate at a flat 20%
• Strong Financial Services industry  

The Economy

Financial services, such as banking, fund management, and insurance, account for about 32% of total income. Tourism, manufacturing, and horticulture have been declining. Light tax and death duties make Guernsey a popular offshore finance centre for Private Equity Funds. Guernsey is currently changing the way its tax system works in order to remain OECD and EU compliant. From 1 January 2008, it will operate a Zero-Ten corporate tax system where most companies will pay 0% corporate tax and a limited number of specific banking activities will be taxed at 10%.  Guernsey also has a thriving non-finance industry. It is home to Specsavers Optical Group, which manages the largest optical chain in the UK and Ireland and also operates in Scandinavia, the Netherlands, Australia and Spain. Healthspan also has its headquarters in Guernsey.

Immigration

In the main, a person who is not a national of a member state of the European Economic Area (EEA) requires a work permit issued under provisions of the Immigration Act 1971 (as extended) in order to take employment in the Bailiwick of Guernsey.  Nationals of Bulgaria and Romania, although nationals of Member States of the EEA, will still require a work permit before commencing employment. This will remain a requirement throughout the period beginning on 1st January 2007 and ending on 31st December 2011 (the accession period). Permits will be issued only for employment that falls within the Home Department Work Permit Policy.  Applications for permits can only be made by Bailiwick of Guernsey based employers on behalf of the person they wish to employ. There is no provision for individuals to apply on their own behalf.

Typical roles available in Guernsey

Within Practice, recruitment is at all levels, from Audit Senior up to Director and Partner levels:

• External Audit
• Internal Audit
• Tax
• Actuarial
• Corporate Finance
• Forensic
• IT Advisory
• Restructuring  
• Transaction Services

Industry sectors typically include:

• Financial Services particularly Investment Banks
• Insurance (Captive & Re-Insurance)
• Retail
• Hospitality

Within Financial Services:

• Internal Audit
• IT Audit
• Financial Analysts