GUERNSEY SUBSTANCE REQUIREMENTS UPDATE – FOUNDATIONS EXCLUDED FROM THE SCOPE OF THE REQUIREMENTS

On 14^th January, Carey Olsen published an update about a clarification which now expressly excludes Guernsey foundations from the new substance requirements with effect from 1^st January.  he exemption also extends to equivalent bodies created under the law of any other jurisdiction (however named).

https://www.careyolsen.com/news-and-deals/guernsey-substance-requirements-update-–-foundations

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017