|
Information On The Offshore Banking Articles In The Channel Islands
Country name: Channel Islands
Geographic location: Located in the English Channel West of Normandy; this group of British Isles consist of the the islands of Guernsey, Jersey, Alderney, Sark, Herm, Jethou, Brechou, and Lihou.
Official language: Being so close to both nations, the official languages include both French and English, as well as a local patiois that is a blend of both.
Languages commonly spoken in offshore banks: English is the prevalent language in the financial community.
Population: 200,000
GDP per capita: $32,040
Currency: The currency is the pound (GBP), which is divided into 100 pence. £ 1.00 = US$ 1.59
Summary: Real estate investors and those who have real estate trusts as part of their portfolios, are particularly fond of the Channel Islands. These investments are taxed at a far lower rate than they are in the UK.
Infrastructure and economy: While finance makes up a large portion of the economy; agriculture, including the growing of fruits, vegetables and the raising of dairy cattle, with a tourism industry thrown in, fuel also play a large part. It is not a part of the European Community.
Legal system: Heavily influenced by English Common Law, The Islands laws are a mixture of local legislation, customary law , as well as legislation past in the UK.
People of the Channel Islands have full British Citizenship, but are not represented in the UK Parliament. Instead each Guernsey and Jersey have their own primary legislatures, with Chief Pleas in Sark and the States of Alderney.
Not all islanders are considered European citizens even though they receive full British citizenship. A passport printed with the words 'British Islands, Bailiwick of Jersey' or 'British Islands, Bailiwick of Guernsey' is issued to any British citizen who applies for it in the Channel Islands.
Did you know? / Special services: The Channel Islands have a reputation as one of the most stable offshore tax havens, offering excellent levels of protection to investor.
Links to bank websites:
|
Articles