The official website for the States of Alderney

Economy

The Department of Economic Development aims to invest its resources in constructing and implementing a framework whereby our Island can secure economic stability, reduce unemployment, increase the standard of living for all residents and in the future achieving economic reward.

Our priority is to work closely with and develop on-island businesses, commerce, industry, hostelry and eateries and gather a consensus where from we can build incrementally on firm foundations to improve our transport links, infrastructure and encourage increase in employment opportunities and relocation to Alderney.

  • Facts & Figures

    • Official statistics for Alderney are compiled by the States of Guernsey Data & Analysis team who produce four reports each year, details of which can be found below. All the reports use data sourced from the Rolling Electronic Census, an award winning IT system completed in late 2014, which collates demographic, employment and economic data from several separate States of Guernsey databases.

    • Population
      The Alderney Electronic Census Report provides headline information on the population of Alderney at March.

    • At the end of March 2018, Alderney's population was 2,019.

    • The population increased by 1.9% (37 people) over the year ending 31 March 2018.

    • There was a natural decrease of 15 people and net migration of 52 people over the year ending 31 March 2018

    • Employment
      The Alderney Employment Bulletin provides information on employment as at June each year.

    • There was an increase of 1.8% in the number of people either employed or self-employed for the year ending 30th June 2019.

    • The number of employed people increased by 2.7% and the number of self-employed decreased by 1.9%.

    • Median earnings increased by 1.6% between the year ending December 2017 and the year ending December 2018, from £24,669 to £25,064.

    • At the end of December 2018, the four quarter median average earnings for females was 1.2% higher than a year earlier and was 3.1% higher than a year earlier for males.

    • Household Income
      The Alderney Household Income Report provides a profile of household incomes.

    • Just over one third (35.6%) of all Alderney households were comprised of either one adult (65 and over) or two adults (65 and over) at the end of 2017.

    • The overall mean household income after deduction of social security contributions, income tax and imputed housing costs (equivalised) was £31,798 (£611 per week) and the overall median was £26,446 (£509 per week) in 2017.

    • Earnings 
      The Alderney Earnings Bulletin provides information on median earnings as at December.
       

    • This page includes the latest Guernsey inflation rates, which are published quarterly by the Data and Analysis team, along with access to further related information: Inflation (Guernsey RPI and RPIX)

  • Setting up a business

    • Alderney has the perfect infrastructure to give small to medium sized businesses what they need and there is a natural fit with eCommerce companies and geographically portable businesses.

    • Regulatory Environment
      The Channel Islands are renowned for the stability of government and for the highest standards of regulation, accompanied by a sound judicial system. The island's government has introduced legislation to facilitate the development of eCommerce on the island and to support the electronic transactions of business in straightforward non-bureaucratic form thus providing an ideal framework.

    • Tax Advantages

      • 0% standard tax rate on company profits from 2008 (10% on Banking activities, 20% on Utilities and 20% on Guernsey/Alderney property income)

      • Low personal income tax (20%) and generous personal allowances on income of persons who live on the island

      • No taxes on trusts whose beneficiaries live outside the island

      • No Value Added Tax on goods imported from any EU country

    • Infrastructure
      Alderney has the perfect infrastructure to give small to medium sized businesses what they need, given the substantial investment in the islands broadband connectivity in the last two years, there is a natural fit with eCommerce companies, geographically portable businesses and other online employment ventures. The island's business environment, in particular its user-friendly company law, has been a key factor in the success of the island's eGaming industry which is world renowned.

    • At present, the most common of eCommerce businesses found on Alderney are those associated with eGaming, many of which are back-office operations. However, there are a number of other entrepreneurial businesses operating on the island.

  • Business Grants & Support

    • Alderney's other major strengths lie in the presence of good business support. The island has no shortage of specialist legal, banking and accountancy expertise on hand and a sound system of company law is in place regulated by the Guernsey Financial Services Commission. In addition, company incorporation is not subject to unnecessary delays, set up costs are low and Alderney is in quick and easy reach of the other islands.

    • Grants of up to £2,000 are possible through the States of Alderney to help anyone living in Alderney and wishing to start a successful business in the island.

    • To apply please fill in the application form pdf icon here [282kb] or in the download section of this page.

  • Company & Employment Laws

    • Alderney companies are governed by the provisions of pdf icon The Companies (Alderney) Law 1994 [1Mb].

    • Some of the features of the Law include:

      • Incorporation may only be effected by using the services of a licenced Corporate Services Provider

      • A minimum membership of one person which may be a natural or legal person

      • A minimum of two officers, which may be corporate if required

      • Provision for the application of standard articles if required

      • Provision for share capital in any currency

      • No provision for the filing of accounting information with the Registrar

    • Register of Beneficial Ownership
      The Registrar keeps a separate Register of Beneficial Ownership which is not available for public inspection and can only be accessed by authorised entities in specific situations governed by the provisions of The Beneficial Ownership of Legal Persons (Alderney) Law 2017 and associated Regulations which may be viewed at guernseylegalresources.gg

    • For further guidance on the Company registry go to Alderney Court Office.

  • Regulation

  • Business Directory

    • A list of local businesses and contact details can be found here.