The Channel Islands are a group of British islands the islands of Guernsey, Jersey, Alderney, Sark, Herm, Jethou, Brechou and located in the Lihou English Channel west of Normandy.
Due to its location close to France and England, the official language is English and French. Some of the more than 200,000 residents of the islands speak a patiois which is a mixture of both.
One of the things that is a mixture of English and French culture is the official currency, the British pound, which is divided into 100 pence, you win. Has an exchange rate against the dollar £ 1.00 (GBP) = 1.59 USD
These islands are famous for their tax status, and its offshore banking for much of Western Europe. Its proximity to the great nations and strong tax and privacy laws that are very attractive and the incorporation of offshore banking location. While funding is a big part of the economy, but is also driven by agriculture, including cultivation of fruits, vegetables and dairy cattle farming. The tourism industry is also playing a large part in the Channel Islands economic growth.
Despite being geographically close to other European nations, the islands are not part of the European Community. Strongly influenced by English common law, legislation Islands are a mixture of local legislation, law, and include the previous legislation in the United Kingdom.
People from the Channel Islands have full British citizenship, but are not represented in the Parliament of United Kingdom. Instead of Guernsey and Jersey have their own legislatures primary, with the Chief Pleas of Sark and the States of Alderney.
Not all islanders are considered citizens despite receiving full British citizenship. A passport printed with the words "British Isles", "Bailiwick of Jersey" or "British Isles, the Bailiwick of Guernsey" will be issued to any British citizen who applies for it in the Channel Islands.
Real estate investors and those with real estate trusts as part of their portfolios, particularly lovers of the Channel Islands. These types of investments are taxed at a rate much lower than in the United Kingdom.
With the decline in property tax laws trusts offshore banking, along with links to Britain and the United Kingdom that offers individuals and companies from other countries, who have instilled a degree of confidence in the safety of make an investment through its private banking system. Add to that a legal system that many Westerners are most familiar with the countries of the Middle East, the Channel Islands should be in the list of all as an offshore tax haven.