London seminar to promote Guernsey as film financing centre

Guernsey Finance and Guernsey Film are hosting a seminar in London to promote the channel island as a one stop shop for coordinating the financial aspects involved with film making.

The event -  ‘Film Wrapped Up: The Guernsey Advantage – because life should be simple’, is being held on March 6 at Coutts Bank.

Guernsey Finance is the promotional agency for the Island’s finance industry, whilst Guernsey Film was formed three years ago by finance industry professionals and representatives from the Guernsey Government to provide financial structuring solutions for films.

Richard Garrod, co-chairman of Guernsey Film, said: “Guernsey Film held a very successful launch event in London towards the end of 2010. More than 70 members of the film community, including producers, directors and media/entertainment lawyers, accountants and tax advisers came along to get a taste for the Guernsey Film concept. Now we are going to provide an update on what the Island can offer and in particular, by looking in more depth at the potential structuring options and both the legal and tax implications of those arrangements.”