Inward migration of companies has continued to grow in Guernsey, following the best quarter of growth this year, according to the latest figures.
The Guernsey Registry, which is responsible for tracking migrations in and out of the island, reports that 23 companies migrated to Guernsey during the third quarter of 2017.
With just four companies migrating out, it represents a net inward migration of 19 companies moving their domicile to Guernsey in one quarter alone.
That means the net migration of companies to Guernsey in 2017 stands at 36, as at the end of Q3. In 2016, there were 83 company migrations to Guernsey and 26 migrations out – a net growth of 57.
Most companies migrating to Guernsey in Q3 came from Panama and BVI, but there were also migrations from the Bahamas, Gibraltar, Isle of Man, Liberia and Luxembourg.
Alan Bougourd, Registrar at the Guernsey Registry, commented: “We are continuing to see migrations from a wide range of jurisdictions, including the EU, Central America, the Caribbean and British Crown Dependencies, with companies seeking the stability and quality of service on offer in Guernsey.”