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Economy
Finance, tourism and light industry are the main
components of the economy in Guernsey. The island has gradually
been developed as an offshore financial centre and the financial
sector now accounts for 60% of government revenues. 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 try and 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 growing financial sector.
Business
Businesspeople generally dress smartly, with a suit and tie for men. Appointments should be made and business cards are customary. Business is conducted in English.
General Office hours: Monday-Friday 0900-1700 hrs.
Commercial Information
The following organisation can offer advice:
Guernsey Chamber of Commerce,
Suite 3,
16 Glategny Esplanade,
St Peter Port
GY1 1WN
Telephone number: (01481) 727 483
Fax number: (01481) 710 755
e-mail:director@chamber.guernsey.net
website: www.chamber.guernsey.net
Conferences/Conventions:
The Beau Sejour Centre
Guernsey’s main conference venue, 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 and more information can be obtained from Conference Guernsey (telephone number: (0118) 934 5542, e-mail: info@conferenceguernsey.gg website: www.conferenceguernsey.gg |
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