The new economic substance laws that came into force in Guernsey and Jersey on 1 January 2019 further demonstrate the islands’ compliance in relation to international regulatory issues, according to Amit Taylor, head of corporate services at Intertrust in Guernsey.

Mr Taylor said: “Economic substance has been spoken about for a long time and we’re now at the stage where we have legislative changes that need to be complied with.

“The new laws do place requirements on some firms resident in the Channel Islands and at Intertrust we believe that the changes are positive and further enhance the islands’ standings o...