AIPIXL selected Guernsey as its base for the following reasons:

 

  • It is English speaking and in the UK time zone enabling good business hours coverage between Europe, the Far East and the US

 

  • It operates a tax neutral environment where in most circumstances there is no CGT, Sales Tax, VAT, or Corporation tax

 

  • It has efficient economic and transport links to London and the City – but is not part of the UK

 

  • It has a strong EU data adequacy protection framework, and access to European markets through equivalence agreements with the EU – but is not subject to EU Directives or regulation; some describe Guernsey as “London minus Brussels”

 

  • Is is politically and economically stable operating in the ‘Sterling Zone’, with a highly skilled workforce, quality public services and an agile Government that is committed to supporting innovation through legislation and regulation

 

  • It uses English law and very low crime rate together with a world class data crime unit

 

  • Is recognised by the European Commission and the OECD as a ‘cooperative jurisdiction’. The OECD Convention has been extended to Guernsey – so Guernsey is part of UK's membership of the OECD, and its decisions and apply to the same extent to Guernsey as they do to the UK

 

  • It has resilient fibre connectivity to the UK and France, and onwards to the rest of the world – six cables from Guernsey – and fast 4G mobile technology across the entire island

 

  • It has world class data centres, business facilities and IT service providers – and a track record in providing cloud and data solution for one of the world’s most successful and trusted financial services centres

 

  • Has high technical skill gained through a long-established e-commerce and fintech sector developed through decades of experience in financial services and e-gaming