Guernsey Limited Liability Company
A Guernsey Limited Liability Company is the most common type of company in Guernsey and can be used for a variety of purposes, ranging from single asset holding companies to active trading companies.
Shareholder liability for the company debts is limited to any amount unpaid in the shares held by them.
On completion of a company incorporation submission form to the Company Registry, a normal incorporation will be processed within 24 hours. However, a ‘rapid’ or ‘special’ incorporation may be selected for incorporation processing of two (2) hours or 15 minutes respectively (at extra cost). A company must file an Annual Validation to the Registrar together with the prescribed fee within one month of the Annual Validation date. There is no requirement to file accounts with the Registrar, but a company must keep accurate and up-to-date accounting records.”