The life expectancy is 80.1 years for males and 84.5 years for females. These requirements will continue to apply until the end of the Transition Period. Guernsey is currently part of the EU Customs Union by virtue of Protocol 3, which also provides (with limited exceptions) for the free movement of persons between Guernsey and the EU. I of 2019; there are amendments not relevant to these Regulations. The European Union (Brexit) (Bailiwick of Guernsey) Law, 2018 ("the a Order m Council No. The Channel Islands are part of the UK telephone numbering plan which is managed by OFCOM in accordance with the relevant EU Directives. Each Bailiwick has significant marine energy resources (both wind and tidal current) that, if developed, could be exported into the EU to assist with climate change commitments. The proximity of the Flamanville nuclear power station to the Channel Islands makes EU competence for nuclear safety standards under the Euratom Treaty of importance. Together with the Bailiwick of Jersey, the Bailiwick of Guernsey is included in the grouping known as the Channel Islands. During the period that the UK was an EU Member State, Guernsey was neither a separate Member State nor an Associate Member of the European Union. For international agreements related to other aspects of trade and investment, the Channel Islands continue to rely on the UK to represent them internationally and extend agreements to the Channel Islands on their behalf where agreed. WE ARE GUERNSEY is the brand under which Guernsey Finance promotes the island's financial services sector internationally. Otherwise transport legislation in the Channel Islands is largely based on international standards set by bodies such as the International Civil Aviation Organization (ICAO) and the International Maritime Organization (IMO). They have a combined population of approximately 165,000, and a combined GDP of approximately £6.2billion. The population growth rate is 0.775% with 9.62 births/1,000 population, 8 deaths/1,000 population, and annual net migration of 6.07/1,000 population. They are located just off the coast of France, in the English Channel. The Channel Islands are therefore directly affected by the relevant European legislation concerning spectrum and benefit from being part of a larger European group when harmonising spectrum usage in international negotiations. As specialist finance centres, Guernsey and Jersey recognise the important role they must play in tackling financial and economic crime, particularly as regards AML/CFT. Guernsey ceased to be ruled by Normandy in 1204. As small islands, Guernsey and Jersey have a services-based economy. The Channel Islands and the EU: tackling financial crime. Only those provisions within EU trade and investment agreements that gave improved market access to the EU for goods from a non-EU country will continue to apply directly in the Channel Islands for the duration of the Transition Period. Controls in respect of the right to work by EU nationals in the Channel Islands are dealt with under the respective domestic legislation in each island, subject to the requirement that the Channel Islands must treat all EU nationals equally. Protocol 3 excluded “Channel Islanders” from the provisions of the Treaty relating to the free movement of persons provisions of the Treaty. The Channel Islands (“the Islands”) consist of the Bailiwicks of Guernsey and Jersey. The Channel Islands are part of the Common Travel Area (CTA) with the UK and Ireland. Energy These generally last for a maximum of 5 years, although longer licenses may … Each Bailiwick has significant marine energy resources (both wind and tidal current) that, if developed, could be exported into the EU to assist with climate change commitments. EU 27 nationals represent around 20% of the resident population in Jersey and around 7% of the resident population in Guernsey. Both have had tax crimes as a predicate offence for AML purposes for more than a decade. The implementation of legislation has been underpinned by active cooperation between veterinary, agricultural and food safety experts in the Channel Islands and their EU counterparts. However, the Channel Islands’ own legislation deals with competition questions in a manner consistent with treatment of similar questions under EU competition law. 2. This will no longer be the case after Brexit. During the German occupation of their island, a group of Guernsey policemen were deported to brutal labour camps in Nazi-occupied Europe after appearing before a British court. Jersey and the European Union. It does not derive from EU law but predates it and hence was not linked to Protocol 3. Virtually all manufactured goods are imported. The Channel Islands are therefore directly affected by the relevant European legislation concerning spectrum and benefit from being part of a larger European group when harmonising spectrum usage in international negotiations. It does not derive from EU law but predates it and hence was not linked to Protocol 3. This was recognised most recently by EU Finance Ministers (ECOFIN) who, on 12 March 2019, confirmed that Guernsey and Jersey were cooperative jurisdictions, following a rigorous assessment process coordinated by the EU’s Code of Conduct Group on Business Taxation. However, despite its location in Europe, non-EU membership and the subsequent inability to passport insurance business across the EU brings unique challenges for direct writing opportunities, along with premium tax compliance hurdles. The Channel Islands are part of the Common Travel Area (CTA) with the UK and Ireland. 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OECD Decisions and Recommendations apply to Guernsey and Jersey to the same extent as they do to the UK unless the contrary is specifically stated in a particular case. Guernsey and Jersey are becoming more relevant to Asian managers looking to take advantage of investment and fundraising opportunities in the UK/Europe. An original version of this article was published Captive Review's 2015 Guernsey report, February 2015. Exports of goods from the Channel Islands to the EU and from the EU to the Channel Islands are treated as intra-EU trade. Through being a part of the customs union, the Channel Islands apply the Common External Tariff (CET) to imports of goods from third countries. With Alderney, Sark, Herm, Jethou, and associated islets, it forms the Bailiwick of Guernsey. However, the Channel Islands’ own legislation deals with competition questions in a manner consistent with treatment of similar questions under EU competition law. Comprehending and appreciating the issues as well as staying on top of ongoing developments is key to the successful and ongoing compliance of any captive insurer. Looking to Asia, captives writing Singapore-based risk on a non-admitted basis have an added advantage over local insurance companies, in that the 7% local GST is not applicable where the premium transaction is offshore. Guernsey and Jersey’ domestic data protection legislation is based on EU law. These international standards have often been transposed into EU law, and built upon. Competition policy per se was not within the scope of Protocol 3 (although normal conditions of competition in trade in agricultural products apply) so there was no obligation on the Channel Islands to follow general EU competition rules. The main exports of goods are agricultural and fisheries products. Investment However, the bulk of the energy needs in the Channel Islands are met from supplies from the EU, mainly by electricity cable interconnectors from France, so the Channel Islands have a strong interest in a properly functioning, competitive EU energy market, with security of supplies. Energy As major well-regulated financial centres, both Guernsey and Jersey are significant net providers of liquidity and investment funds to the EU economy. Tourism is therefore an important industry. Facing strong pressure from Germany and other EU nations, the European Medicines Agency (EMA) has brought forward a meeting to assess the … European Union (EU) citizens moving to Guernsey must obtain a Guernsey housing license in order to occupy a local market property. For example, the Islands’ airports have been formally assessed by the European Commission as meeting EU aviation security standards – an assessment endorsed by the EU’s aviation security committee. As we are constantly aware in the world of premium taxes and parafiscal charges, the interpretation of EU legislation can vary across EU member states. Authorities may also take a different view on ongoing compliance by non-EU insurers, to regularisation of a historical position for the insurer looking to seek compliance. The median age for males is 40 years and for females is 42 years. This Protocol lapsed from the date of the UK’s withdrawal, but its substantive provisions will continue to apply during the Transition Period until 31 December 2020. However, Regulation 706/73 imposed certain constraints on the Channel Islands’ own systems of agricultural support: state aid for exports of certain agricultural products to Member States and to non-EU countries could not exceed the relevant aid, refund or compensatory amount permitted to be granted by the UK under the respective EU rules. So which countries are in the European Union, which countries aren’t, and are countries like Guernsey and … This provides for passport-free travel and simplified entry procedures for business visitors and tourists. Air and sea links are vital for small island economies like Guernsey and Jersey. So, for example, in the application of their residency policies they cannot favour, say, British nationals over other EU nationals. If these nuances provide premium tax filing and settlement challenges to EU-based insurers writing EU-based risk, the challenges can only increase for Guernsey, or other non-EU jurisdictions looking to ensure premium tax compliance, with the added regulatory issues and whether they are physically able to even register with EU premium tax authorities. The proximity of the Flamanville nuclear power station to the Channel Islands makes EU competence for nuclear safety standards under the Euratom Treaty of importance. In effect, a vessel registered within the UK but operating out of German ports could be subject to double taxation, due to the two countries different interpretation of the directive’s ‘location of risk’ rules. In the UK for example, the literal interpretation of vehicle is at its widest; on the contrary in Malta, in line with the view of the EU Commission, the interpretation of vehicles is restricted to motor vehicles only. Whether you're an EE or EE Legacy customer, find out exactly how much it costs to make and receive calls, text and send picture messages in Guernsey. Guernsey and Jersey voluntarily implement all EU sanctions, including asset freezes. They therefore make a very important contribution to the economy and to community life in both Bailiwicks. EU nationals are not subject to any visa controls. The effect of the UK leaving the European Union is uncertain. Only those provisions within EU trade and investment agreements that gave improved market access to the EU for goods from a non-EU country will continue to apply directly in the Channel Islands for the duration of the Transition Period. This will continue to apply for the duration of the Transition Period. EU electricity Directives in the Third Energy Package therefore generally did not apply in the Channel Islands. Channel Islanders and EU free movement rights For example, the Channel Islands are covered by the UK’s ratification of the Basel Convention on the control of trans-boundary movements of hazardous waste and their disposal, although for the purposes of the EU’s implementing legislation in this area they were third countries. In the wake of this announcement, Guernsey’s chief minister, Jonathan Le Tocq, wrote to the European tax commissioner Pierre Moscovici to welcome the news. Guernsey and Jersey are attractive tourist destinations with their natural beauty and their unique culture and heritage. This requirement was previously set out in Protocol 3 and continues to apply for the duration of the Transition Period. It is 30 miles (48 km) west of Normandy, France, and roughly triangular in shape. (once available) the third-country passporting regime. EU 27 nationals represent around 20% of the resident population in Jersey and around 7% of the resident population in Guernsey. Tourist and business visits However, there is a formal relationship between the Channel Islands and the EU which is governed by Protocol 3 to the UK's Act of Accession to the European Economic Community in … This measure of the difference, in water … This Protocol lapsed with the UK’s withdrawal, but its substantive provisions will continue to apply during the Transition Period until 31 December 2020 provided for in the Withdrawal Agreement. EU nationals are not subject to any visa controls. EU electricity Directives in the Third Energy Package therefore generally did not apply in the Channel Islands. As small islands, Guernsey and Jersey need to apply policies regarding the right to reside and the right to work which respond to the needs of the economy while ensuring that housing and population development is sustainable. For most purposes the Channel Islands were already outside the EU (third countries) and cooperation in these areas will not be directly affected by the UK’s withdrawal. 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The Channel Islands are not members of the International Telecommunications Union and the UK Regulator, OFCOM, manages and licences spectrum rights of use on the Channel Islands’ behalf. For international agreements related to other aspects of trade and investment, the Channel Islands continue to rely on the UK to represent them internationally and extend agreements to the Channel Islands on their behalf where agreed. Karen Jenner, of FiscalReps, speaks to Captive Review about the hurdles surrounding premium tax compliance for insurers and captives domiciled in Guernsey. Investment This provides for passport-free travel and simplified entry procedures for business visitors and tourists. Leaving aside the regulatory issues involved on cross-border transactions – these are issues for the lawyers to ponder – it will be no surprise to hear that the approach of each tax authority to premium tax settlement from non-admitted insurance varies from one EU member state to the next. Financial services firms are major employers in the islands, with over a quarter of the workforce (19,000 jobs) employed in the sector. The UK’s withdrawal from the EU on 31 January 2020 does not directly affect the Channel Islands’ relationship with the EU 27 in key areas like tax, anti-money laundering, financial services, and data protection where the Islands were already third countries and as such remain committed to close cooperation with the EU. For those areas previously covered by Protocol 3 (and hence still covered during the Transition Period), EU legislation is directly applicable, and the Channel Islands are regarded as part of the UK Member State. Tourist and business visits However, for Protocol 3 purposes (and hence until the end of the Transition Period), a person who was born in the UK, or who has at least one parent or grandparent who was born in the UK, or who has resided in the UK for 5 years is not a “Channel Islander”. For those areas previously covered by Protocol 3 (and hence still covered during the Transition Period), EU legislation is directly applicable, and the Channel Islands are regarded as part of the UK Member State. As small islands, Guernsey and Jersey need to apply policies regarding the right to reside and the right to work which respond to the needs of the economy while ensuring that housing and population development is sustainable. The terms relating exclusively to the Channel Islands and the Isle of Man were subsequently embodied in Protocol No. Trade Such people do enjoy full free movement rights throughout the EU (including the right to work and reside). For international agreements related to other aspects of trade and investment, the Channel Islands continue to rely on the UK to represent them internationally and extend agreements to the Channel Islands on their behalf where agreed. The same directive and article can cause additional confusion when considering where the vehicle is ‘registered’ for defining where premium taxes and parafiscal charges are due. Like the UK and Ireland, Guernsey and Jersey are outside the visa/check-free Schengen area and so operate border controls for flights or ships arrivals from countries other than the UK or Ireland. The main exports of goods are agricultural and fisheries products. Following a meeting between EU officials in Brussels, the commission confirmed its endorsement of Guernsey as a “cooperative jurisdiction”. However virtually all aviation and shipping links from the Channel Islands are to the UK, France and other EU destinations. Both Islands are noted for the quality of their fresh fish and seafood, for their dairy products made from the unique Guernsey and Jersey cattle breeds, and for other products such as cut flowers, potatoes, wine and cider. Guernsey funds with a Guernsey manager which are not actively marketed into the EU/EEA fall outside the scope of AIFMD. Through being a part of the customs union, the Channel Islands apply the Common External Tariff (CET) to imports of goods from third countries. Such people do enjoy full free movement rights throughout the EU (including the right to work and reside). The Channel Islands have shown themselves by their actions to be reliable, active and cooperative partners of the EU and of the wider international community. In Guernsey, EU Nationals and those from the European Economic Area, will have to apply for a visa via the UK online system, on top of their local employment permit. Controls in respect of the right to work by EU nationals in the Channel Islands are dealt with under the respective domestic legislation in each island, subject to the requirement that the Channel Islands must treat all EU nationals equally. These international standards have often been transposed into EU law, and built upon. The Bailiwick of Guernsey is in the Commonwealth (Commonwealth of Nations), although not as a member, in its own right. The protection of personal data and ensuring that when such data needs to be transferred to another jurisdiction it is done efficiently and securely, is vital for public bodies and for industry in Guernsey and Jersey. Channel Islanders and EU free movement rights There is close cooperation between the Channel Islands and the French authorities on emergency planning and on radioactive sampling. The Channel Islands are therefore directly affected by the relevant European legislation concerning spectrum and benefit from being part of a larger European group when harmonising spectrum usage in international negotiations. As small islands, Guernsey and Jersey have a services-based economy. Moving outside of the EU, Guernsey captive insurers find themselves in an equal position to those captives domiciled within the EU. The proximity of the Flamanville nuclear power station to the Channel Islands makes EU competence for nuclear safety standards under the Euratom Treaty of importance. Further details of the tax and regulatory cooperation between the Channel Islands and the EU can be found in the separate note “CI-EU tax cooperation“. Competition policy per se was not within the scope of Protocol 3 (although normal conditions of competition in trade in agricultural products apply) so there was no obligation on the Channel Islands to follow general EU competition rules. Air and sea links are vital for small island economies like Guernsey and Jersey. This had hitherto been governed by Protocol 3 of the UK’s Accession Treaty. ""EU provision" has the meaning given in the European Union (Brexit) (Bailiwick of Guernsey) Law, 2018, and includes an item of Preserved EU law within the meaning of that Law,", and in the definition of "implementation", for "Community provision" substitute "EU provision". In Belgium alone FiscalReps have sub-classified these 18 classes into more than 150 for the purposes of accurately coding products and subsequently calculating premium tax and parafiscal charges for their clients in this country. The Channel Islands are part of the Common Travel Area (CTA) with the UK and Ireland. Protocol 3 excluded “Channel Islanders” from the provisions of the Treaty relating to the free movement of persons provisions of the Treaty. Guernsey neither contributes to, nor directly receives anything from, the funds of the European Union. Guernsey is not part of the European Union. Competition policy The Channel Islands were outside the EU for the purposes of transport, since this was a service provision which was not covered by Protocol 3. Like the UK and Ireland, Guernsey and Jersey are outside the visa/check-free Schengen area and so operate border controls for flights or ships arrivals from countries other than the UK or Ireland. The first phase of the rollout of the Pfizer/BioNTech vaccine in Guernsey is due to begin next week. However, the Channel Islands’ own legislation deals with competition questions in a manner consistent with treatment of similar questions under EU competition law. There is close bilateral cooperation with the UK and France on maritime protection. An interesting complication arising from the varying approaches is with regard to the treatment of stock. However, the bulk of the energy needs in the Channel Islands are met from supplies from the EU, mainly by electricity cable interconnectors from France, so the Channel Islands have a strong interest in a properly functioning, competitive EU energy market, with security of supplies. However, for Protocol 3 purposes (and hence until the end of the Transition Period), a person who was born in the UK, or who has at least one parent or grandparent who was born in the UK, or who has resided in the UK for 5 years is not a “Channel Islander”. Under this Regulation the Channel Islands must adhere to EU rules to facilitate and enable trade in such products including in relation to veterinary legislation; animal health; plant health; marketing of seeds; food; feeding stuffs; and quality and marketing standards. Telecomunications The right to reside and the right to work Previously set out in Protocol No a robust and internationally respected system of financial regulation, with! 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