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

On 14th January, Carey Olsen published an update about a clarification which now expressly excludes Guernsey foundations from the new substance requirements with effect from 1st 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

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