Guernsey is the second largest of the Channel Islands and is the principal island in the Bailiwick comprising Guernsey, Alderney, Sark, Herm and Jethou. The Island has a long history of economic and political stability with its own legislature and democratic government and has preserved its fiscal autonomy for over 900 years.
Over the last four decades Guernsey has developed into one of the world’s premier international financial centres, with many major banks, accounting firms, captive insurers and fund management groups established here. The Channel Island Stock Exchange was established in 1998 offering a unique service in the European time zone.
Established in Guernsey in 1973, Butterfield has played a significant part in these developments.
The finance industry is regulated by The Guernsey Financial Services Commission, an independent statutory body established in 1988.
Interest is paid gross on all accounts, although a tax liability may arise in your country of residence/domicile/incorporation. EU residents may elect to have retention tax deducted at source or opt for an exchange of information with their EU country of residence.