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Business accounts: Guernsey

An honest assessment before work starts, the quote is fixed in writing.

We assess your chances against your profile, prepare the compliance file, help you present your source of funds properly and handle communication with the bank until it decides. The final decision always rests with the bank, so no one can guarantee an opening - careful preparation simply improves the odds.

We quote the exact cost for this country after a short consultation: it depends on the bank and your residency. The quote is fixed in writing before work starts.

Fees

ServicePrice
Corporate account - opening assistanceon request

Prices are indicative and cover our work on a typical case. We confirm the exact quote in writing after a short call - you know the final number before we start. Government fees and bank tariffs are billed separately unless explicitly included.

See also

Company formation · Personal account · Investment property

FAQ

Who can actually get a corporate account in Guernsey?
Mostly structures administered by a licensed local fiduciary or trust company - funds, holding vehicles, trusts, family structures. A small overseas trading business with no local administrator is usually turned away. The island's banking is built around wealth management and funds, not mass market business.
Do I need a local administrator or director in Guernsey?
In practice, almost always. The route into a Guernsey bank runs through a licensed fiduciary who is regulated locally and carries the KYC. It adds administration cost, but it makes the application legible to the bank. Without that intermediary, finding an account is hard.
What does Guernsey compliance ask for?
The full ownership and control chain, documented source of wealth rather than a verbal story, the purpose of the structure and expected flows. For family money they often want the history: a business sale, an inheritance, dividends, with paperwork behind each step. The review is thorough and not fast.
Is Guernsey a tax free offshore centre?
The standard rate of company tax is zero, but higher rates apply to certain activities, and economic substance rules have been in force since 2019. Zero local tax does not remove tax where the company is genuinely managed. Structures with no substance no longer travel well.

Don’t want to figure this out alone?

We handle the whole process end to end: we assess your company's chances with specific banks, prepare the compliance file and give you honest timelines. Leave your details and a corporate banking expert will get back to you. The first consultation is free.

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