About Us

PO Box 161, Dixcart House, Sir William Place, St Peter Port, Guernsey, Channel Islands, GY1 4EZ

The Guernsey offices of Woolford & Co. are in Dixcart House, which is shared with Dixcart Trust Corporation Limited and Dixcart.Net, the Internet Service Provider of the Dixcart Organisation.

The Guernsey office provides all the services described in our Services section of the web site, except those relating specifically to the UK or the Isle of Man.

If considering moving yourself or your business to Guernsey, it is very important that you speak with us first as there are opportunities to save tax which may be lost once the move has taken place.

Geographical and Historical
The island of Guernsey is the second largest of the Channel Islands, which are situated in the English Channel, close to the French coast of Normandy. The islands are renowned for their temperate climate and relaxed, high quality standard of living. They are an attractive location for many holidaymakers and an appealing destination for many affluent individuals wishing to settle there permanently.

The history of Guernsey relates to both Normandy and to England, due to their ownership by the Duke of Normandy, who became King of England in 1066. The traditions and laws of Guernsey combine a fascinating blend of both cultures.
This history has helped to create the unique political and economic position of Guernsey today.

Law
Guernsey law is based on the Norman system, overlaid with English procedures and precedents. Members of the Legislative Assembly for the islands have complete freedom in matters of domestic and fiscal law, and this has generated a very straightforward and stable legislative framework, enabling Guernsey's position as an international financial centre to develop and flourish.

European Union
The Channel Islands, including Guernsey, are excluded from all aspects of the European Union Treaty of Rome, except those relating to free trade and agricultural and industrial products. This leaves the islands with full access to their traditional trading markets, but without having to conform to harmonisation directives, which might have threatened their unique independence.

Taxation
Income tax for local residents rests at 20%, although there are presently discussions to lower the rate for companies even further. There are no capital taxes whatsoever and there are attractive limits set on the tax payable at source by non-residents using Guernsey as a financial centre. There is no withholding tax on locally generated bank interest.

Currency and Exchange Control
Guernsey issues its own currency, which is accepted throughout the Channel Islands. It is tied to UK Sterling at par. Both residents and non-residents may have foreign currency bank accounts on the island and invest and transfer anywhere in the world. They may promote trusts, companies and investment management services, which enjoy the same treatment.

There are no exchange controls.