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Business Profile
Economy: Finance, tourism and light industry are the main components of Guernsey’s economy. The island has gradually been developed as an offshore financial centre and the financial sector now accounts for 60 per cent of government revenues. Various institutions are incorporated on the island to take advantage of its favourable tax and corporate disclosure requirements. However, along with Jersey, the island’s government agreed in 2002 to join an EU-wide campaign to improve international financial transparency and stamp out tax evasion.
Flowers and tomatoes are the main horticultural exports and enjoy international recognition. Tourism's relative importance has been far outstripped by the financial sector.
Business: Businesspeople are generally expected to dress smartly, with a suit and tie for men. Appointments should be made and business cards are customary. Business is conducted in English. Office hours: Mon-Fri 0900-1700.
Commercial Information: The following organisation can offer advice: Guernsey Chamber of Commerce, Suite 3, 16 Glategny Esplanade, St Peter Port GY1 1WN (tel: (01481) 727 483; fax: (01481) 710 755; e-mail: director@chamber.guernsey.net; website: www.chamber.guernsey.net).
Conferences/Conventions: Guernsey’s main conference venue, the Beau Sejour Centre, has a maximum seating capacity of 1500 with 2646 sq m (28,482 sq ft) of exhibition space and banqueting for 900 people or a reception area for 2000 people. Many hotels also offer conference space. More information can be obtained from Conference Guernsey (tel: (0118) 934 5542).
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