Alderney – The Perfect Place to Start, Grow, and Relocate A Business
From an excellent work life balance and solid island infrastructure to support your business, here are the top five reasons to choose Alderney as the perfect place to start, grow or relocate your business.
1. You Can Stay Connected
Alderney is home to a telecommunications infrastructure which includes an extensive broadband network. Everybody - residents and businesses alike - benefit from great internet connectivity. Alderney's population has access to 4G coverage – a must for any business owner who needs to stay connected.
Despite its location in the middle of the Channel, Alderney is remarkably well connected with a daily, 40 minute direct air link to Southampton and links to other major UK airports via Guernsey. Whilst via sea, both a ferry service offers sailings to Guernsey and Cherbourg.
2. There's A Wealth Of Opportunity
Alderney is already home to many e-commerce and finance organisations and a world renowned eGaming industry. The island's business environment, in particular its user-friendly company law, is a key factor in the success of the island's diversified economy, which encompasses both traditional sectors and emerging industries; all set against a backdrop of beautiful sandy beaches and jaw-dropping vistas.
As a financially stable and independent jurisdiction, it appeals to both individuals and businesses thanks to its financially rewarding system and simple taxation environment. The Island really does afford individuals and companies the opportunity to retain more of their hard-earned money.
3. Favourable Tax Environment
Alderney has all the tax advantages of its Channel Island neighbours but does not have the restrictive residency qualifications requirements of Guernsey and Jersey. The low tax regime one of the lowest Europe:
- No tax on trusts whose beneficiaries live outside the island
- No Inheritance Tax
- No Capital Gains Tax
- No Value Added Tax (VAT)
- Low personal income tax (20%) and generous personal allowances on income of persons who live on the island
- No Corporation Tax (exceptions include specified banking activities (10%, regulated utilities 20% and income derived from Guernsey properties/Alderney property income 20%)
4. You Can Have A Great Work-life Balance
Some Island residents would argue that the work-life balance they benefit from on Alderney is almost unparalleled. The island has a wide variety of landscapes from cliffs to wooded valleys and beautiful sandy beaches to discover. Because of its small size, residents benefit from short commutes and can enjoy these great natural resources on a daily basis as a result.
Our close-knit community is one of the safest in the British Isles; our school and healthcare is first-rate, and our rewarding economy allows you to enjoy more of your hard-earned money.
5. There's A Nurturing Environment For New Businesses
Alderney's Government is highly supportive of new business ventures on the island with grants of up to £2,000 available through for those wishing to start a new business.
The island has no shortage of specialist legal, banking and accountancy expertise and a sound system of company law is in place which is regulated by the Guernsey Financial Services Commission. In addition, company incorporation is not subject to unnecessary delays and set up costs are low.