Alderney has the same banking,
insurance and investment laws as Guernsey, and as part of the Bailiwick
has received designated territory status under Sections 87 130 of the UK
Financial Services Act. A Section 14 order under the UK Building
Societies Act 1986 has also been made for Alderney enabling building
societies to fully operate on the island.
The Financial Services Commission of the Bailiwick is a statutory body
responsible for regulating the finance industry on Guernsey and
Alderney is part of the Bailiwick of Guernsey for the purposes of
taxation and has a reciprocal agreement with Jersey and the U.K.
In Alderney there is:
•NO Value Added Tax.
•NO tax on capital.
•NO tax on inheritance.
•NO tax on exempt companies carrying on business outside the islands-see
section Trusts/ Company Law.
•NO tax on trusts whose beneficiaries live outside the island.
•LOW tax (only 20%) on profits of companies which carry on business in
•LOW tax (20%) and generous personal allowances on income of persons who
live in the island.
•PREFERENTIAL arrangements made for captive insurance companies based in
Professional advice from a tax consultant familiar with Guernsey/
Alderney tax laws is strongly recommended. It should be noted that
pensions and other income left in the U.K. continue to attract U.K. tax
although a double taxation agreement ensures that further tax is not
List of Alderney Banks
Offshore Bank in Alderney.
Tel.: 440 1481 822293
Fax: 440 1481 822660
Tel.: 440 1481 822340
Fax: 440 1481 823176
Tel.: 440 1481 822681
Fax: 440 1481 822377
Alderney (French: Aurigny; Auregnais: Aoeur'gny) is the most
northerly of the Channel Islands and a British Crown dependency and part
of the Bailiwick of Guernsey. The island is 3 miles (5 km) long and 1.5
miles (2.5 km) wide for a total area of three square miles (8 sq.km).
Alderney is around ten miles (16 km) from France, twenty miles (32 km)
to the north-east of Guernsey and sixty miles (97 km) from the south
coast of England. Alderney is separated from Cap de la Hague by the
dangerous currents of La Raz.
Alderney has a population of 2400 people, and they are traditionally
nicknamed vaques after the cows, or else lapins after the many rabbits
seen in the island. The only parish of Alderney is the parish of St Anne
which covers the whole island.
The main town, St. Anne, features an imposing, pretty church and a
cobbled high street. There is a primary school, a secondary school, and
a post office as well as hotels, restaurants, banks and shops
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History of Offshore Bank Accounts.
What is an offshore bank? -
Offshore Banking Myths -
What is bank account?
Who can legally open and hold an offshore account?
Where should an offshore account be established? -
Who can benefit by putting their money offshore? -
Is it convenient to use offshore banks? -
What are some of the general advantages of banking offshore?
Do I have to pay income tax on income I've earned offshore?
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Is there any restrictions regarding citizenship? -
In which currencies can I open offshore account? -
What is the minimum deposit required to open an offshore
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How long does it take to open a bank account? - Who will control my bank account?
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