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Life outside of the Fast lane.
If the hustle and bustle of living life in the fast line is starting to wear thin, then re locating your business to Alderney may be just what you need. Alderney offers a stress-free, relaxing and healthy environment in which to operate your business. The island’s infrastructure provides the best possible framework for small to medium sized businesses and the government of Alderney actively encourages new business ventures
A well-structured, user-friendly company law, significant tax advantages and offshore company benefits, the latest computer and telecommunications technology, excellent business support and a good selection of residential and commercial properties are just some of the many advantages that Alderney has to offer.
Additional benefits include the absence of VAT, zero Corporation Tax, no Capital Gains or Inheritance Tax and a maximum 20 per cent Income Tax.
Financial Services
Alderney has the same banking, insurance and investment laws as Guernsey, and as part of the Bailiwick has received designated territory status under Sections 87 130 of the UK Financial Services Act. A Section 14 order under the UK Building Societies Act 1986 has also been made for Alderney enabling building societies to fully operate on the island.
The Financial Services Commission of the Bailiwick is a statutory body responsible for regulating the finance industry on Guernsey and Alderney.
Telecommunications
Alderney has first world telecommunications infrastructure and data centre facilities deployed over a high-bandwidth network for voice, data and IP traffic.
The island is served by two cellular phone operators, Cable & Wireless Guernsey and Wave (Jersey) and one landline provider.
Taxation
Alderney is part of the Bailiwick of Guernsey for the purposes of taxation and has a reciprocal agreement with Jersey and the U.K.
In Alderney there is:
- NO Value Added Tax.
- NO tax on capital.
- NO tax on inheritance.
- NO tax on exempt companies carrying on business outside the islands-see section Trusts/ Company Law.
- NO tax on trusts whose beneficiaries live outside the island.
- LOW tax (only 20%) on profits of companies which carry on business in the island.
- LOW tax (20%) and generous personal allowances on income of persons who live in the island.
- PREFERENTIAL arrangements made for captive insurance companies based in the island.
Professional advice from a tax consultant familiar with Guernsey/ Alderney tax laws is strongly recommended. It should be noted that pensions and other income left in the U.K. continue to attract U.K. tax although a double taxation agreement ensures that further tax is not paid.
