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Guernsey
Physical Facts |
|
| Population: | 65,726 (July 2008 est.) |
| Location: | Western Europe, islands in the English Channel, northwest of France |
| Area: | 78 sq km |
| Climate: | Temperate with mild winters and cool summers; about 50% of days are overcast. Average temperature is 10 C |
| Transport | Air, Road, Sea |
| International Direct Dialling prefix: | 44 |
| Internet Country Code | .gg |
| Time difference on GMT: | 0 |
Administrative Facts: |
|
| Status: | British crown dependency. Britain is responsible external affairs including negotiations with the European Union. Guernsey forms part of the single market but is outside the EU fiscal area |
| Government: | Parliamentary democracy. Guernsey is a self-governing British Crown dependency. The Queen of England, as Duke of Normandy, is Head of State, and she is represented on the Island by the Lieutenant Governor, who is appointed by the Crown for a five year term. The internal affairs of Guernsey are governed by the island's parliament, The States of Deliberation. The States, as it is usually referred to, is both the legislative and executive body, and has 45 seats. |
| Legal System: | The island has its own courts. Historically, the legal system has continental (Civil Code) origins, but over time English common law has come to have greater influence. Commercial and business law is mostly Anglo-Saxon in nature, and English precedents are often followed. Some UK legislation is adopted as such by Guernsey by agreement with the British Government. The ultimate court of appeal is the English Privy Council. |
| International Court Jurisdiction: | |
| Language: | English, French, Norman-French dialect |
| Education system: | Schooling is compulsory between the ages of 5 and 15. It is based broadly on the UK National Curriculum. It still operates an 11+ system and approximately 25% of children above a certain grade will go to a grammar school. The States Education Council runs 13 Primary schools, 4 Secondary schools, the Grammar School, the Sixth Form Centre and the College of Further Education. There is no university on the island. |
| UK Embassy: | N/A Crown dependency |
| Residency/Working Requirements: | A 'key worker' permit can be issued allowing a maximum of 4 years continued employment. For further information please direct enquiries to the local Department of Immigration. |
Fiscal Facts |
|
| Legal tender & currency: | The Guernsey pound is at par with the British pound |
| VAT: | N/A |
| Sales Tax: | N/A |
| Import duty: | None |
| Export duty: | None |
| Banking: | International. There are approximately 55 licensed banks in the island with deposits of around GBP70 billion |
| Annual Government Revenue: | $563.6 million |
| Annual Government Expenditure: | $530.9 million (2005) |
| GDP: | N/A |
| Minimum wage: | |
| Financial Services Regulation: | Guernsey Financial Services Commission |
| Financial Services Regulation Contact Details: | Tel: (44 1481) 712 706 Fax: (44 1481) 712 010 Email: info@gfsc.gg |
Tax Facts |
|
| General: | Guernsey does not generally enter double-tax agreements, but has treaties with the UK and Jersey. Guernsey levies no capital gains, inheritance, capital transfer, value added (VAT / TVA) or general withholding taxes. |
| Corporate Tax: | There is no separate corporation tax. Companies pay 20% on income |
| Individual – resident: | 20% on income |
| Individual – non-resident: | |
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