• Guernsey Trust

  • Legal Framework

    Trusts in the Guernsey are governed by the Trusts (Guernsey) Law 2007.

  • Registration Requirements

    There is no requirement for trusts in the Guernsey to be registered.

  • Settlor

    The Settlor does not need to be a permanent resident of Guernsey.

  • Beneficiary

    The Beneficiary does not need to be a permanent resident of Guernsey.

  • Trustee

    The minimum number of trustees is 2 if they are individuals and 1 if it is a corporate body.

    There is no restriction on the residency of the trustees, yet they should be licensed by the Guernsey Financial Services Commission.

  • Protector

    The appointment of a Protector is optional.

  • Perpetuity Period

    There is no maximum duration for trusts in Guernsey.

  • Property

    There is no restriction on the property of a trust in Guernsey.

  • Confidentiality

    Guernsey provides confidentiality, which is enhanced by the fact that there are no registration requirements and therefore the details of the Settlor and Beneficiaries are not disclosed to any person other than the Trustee.

  • Taxation

    Provided that all of the beneficiaries are non-Guernsey residents a Guernsey trust will be exempt from Guernsey income tax on income arising outside the island and on bank deposit interest arising inside Guernsey.

    The income of the foreign beneficiaries from a trust in Guernsey is not subject to any form of taxation in Guernsey.

  • Asset protection

    There is no specific legislation providing asset protection for trusts in Guernsey.

  • Reporting Requirements

    There are no reporting requirements for a trust in Guernsey.