Uncertainty in the wake of the Brexit vote has bolstered a state-funded initiative to attract businesses and high net worth families to set-up or relocate to Guernsey.
This was before the economic repercussions of the United Kingdom’s vote to leave the European Union had been fully felt.
The moves are expected to benefit the British Crown Dependency by about £200,000 ($262,165) each year from tax take and document duty.
“Its maturity as an international business centre is reflected in its legal system, skilled workforce, and world-class professional services,” said the 25-year veteran of the island’s financial services sector.
Locate Guernsey is targeting UK resident but non-domiciled individuals, fund managers, reinsurance companies, digital, and FinTech businesses, Le Tocq said.
“Commercial activity on the island ranges from global financial services to the visitor economy, alongside digital and creative industries. Guernsey has a thriving e-gaming sector and a drive to develop as a FinTech centre of excellence.”