Establishing your eGambling business in the Bailiwick of Guernsey
Locate Guernsey discuss the many benefits of relocating or establishing a presence for an eGambling Business on Guernsey. They offer a fantastic free service to help individuals and businesses set up in the Bailiwick of Guernsey.
The Alderney Gambling Control Commission (AGCC) is world renowned as a leading regulator of eGambling businesses. AGCC licencees may decide to maximise the many benefits of establishing a presence in the Bailiwick of Guernsey, of which Alderney is a part. Owners and employees of such businesses will be glad to hear that the Bailiwick offers a friendly and nurturing environment perfect for doing business and living an accomplished life outside of the workplace…and Locate Guernsey wants to help you achieve this.
There are many ‘whys’ when it comes to basing oneself in the Bailiwick of Guernsey. Many eGambling businesses will have heard of the Bailiwick through the licences offered by the AGCC. Additionally the tax environment is well renowned for its friendliness for both businesses and individuals: Guernsey does not have inheritance tax, capital gains tax and, in most cases, corporation tax.
What is the process for those eGambling businesses who want to make the move to the Bailiwick of Guernsey?
Any business needing to establish a physical presence has various issues to consider. Can I relocate key staff members? Can I find the staff I need locally? What about premises? Can I find the service providers I need for my business?
The good news is that Locate Guernsey exists to help. The States of Guernsey (government of Guernsey) entity specifically set up to assist with HNWIs and businesses interested in relocating to the Bailiwick of Guernsey. Providing a free service and acting as ‘front of office’ for the Bailiwick, Locate Guernsey is happy take enquiries from any business considering relocation.
The Open Market: Open for business
Firstly it’s important to point out that any person with an EU or UK passport can buy or rent property on Guernsey’s Open Market at a moment’s notice providing access to the islands unrivalled by other jurisdictions. This market does, however, come with a premium on prices, making it comparable to central London.
Population Management: Designed for industry by industry
Guernsey has modern legislation designed to regulate its population and allow key staff members of businesses beneficial to the Bailiwick to become resident with relative ease. The Population Management (Guernsey) Law 2016, was designed to allow businesses identified as valuable by the States of Guernsey to access employment permits which allow access to Local Market housing.
An employer’s assessment will first be conducted on a business plan provided by the business. The process is totally transparent and the Population Management Team are always happy to discuss any proposition. More information can be found here: https://gov.gg/populationmanagement
A list of ‘in policy’ roles were drawn up by industry working alongside Population Management so that government is fully understanding of the needs of applicants. Employment permits of various lengths are available for applicants.
What if I don’t have an EU or UK passport?
For those without EU or UK passports who wish to relocate to Guernsey there is still hope. The Guernsey Border Agency (GBA) administers visas for such individuals to achieve ‘leave to remain’ in Guernsey.
The GBA are very pragmatic and work hard to support propositions which are good for Guernsey. Schemes such as the entrepreneur and investor immigration schemes exist to provide options for these individuals.
Other routes also exist and any businesses with questions should contact the GBA and Locate Guernsey to understand what options are open to them.
The Bailiwick of Guernsey is very much open for business for eGambling companies. If you are interested in a licence through the AGCC and are considering a physical presence in the Bailiwick, the States of Guernsey, though Locate Guernsey, are very happy to help and have the tools to do so.
If you are interested in finding out more about any of the aspects mentioned please contact Andrew Carey, Head of Locate Guernsey on +44(0) 7911 719082 or firstname.lastname@example.org