The Channel Islands and Jersey

The Channel Islands, which include Jersey and Guernsey, are located approximately 14 miles from the French coast and 120 miles from Southampton, England.

Jersey is renowned not only for its picturesque landscapes but also for its high standard of living, offering diverse leisure activities, gourmet dining, and rich cultural experiences. It is a haven for golf enthusiasts and water sports lovers alike, with residents enjoying advanced communication infrastructure and modern amenities.

Additionally, Jersey offers a vibrant community life, with numerous cultural festivals and events throughout the year that celebrate its heritage. The island’s diverse natural landscapes, including stunning beaches and rolling countryside, provide ample opportunities for outdoor activities, making it not just a place to work, but also to live and thrive.

High-Value Residence Regime

From a taxation standpoint, Jersey is favoured for its low income tax rates and absence of estate duties. The application process for residency in Jersey is highly efficient, often completed in as little as one month, unless further information is required.

The Jersey government regulates the purchase and occupation of all residential properties through its housing committee. Only individuals with Jersey housing qualifications are permitted to acquire property.

However, high-net-worth individuals can obtain a 2(1)E license, named after Jersey’s current housing regulations.

To qualify for high-value residence status and gain eligibility to purchase property in Jersey, applicants must contribute significantly to the island’s tax revenues. Currently, this annual tax contribution is set at GBP 250,000, calculated based on 20% of the first GBP 1.25 million of worldwide income and 1% on all income above that threshold. Applicants are required to submit financial documentation and other supporting information to demonstrate sufficient capital wealth, ensuring they can generate over GBP 250,000 in tax revenue for the island.

Once high-value residence status is granted, applicants can apply for permission to purchase property and will enjoy the same rights as other residents. They may be employed, hire others, and establish their own businesses on the island. It is expected that they will buy or lease a single residential property valued at over GBP 1.75 million for an apartment and GBP 3.5 million for a house.

The regulations governing citizenship in Jersey align with those of the UK. The British Government administers the laws related to British citizenship under the British Nationality Act 1981, which applies to Jersey as well.

International Finance Hub

Jersey has successfully served as an international financial center for over 40 years, primarily due to its capacity to maintain a stable and high-quality business environment, which is essential for international investors.

The Jersey Financial Services Commission, an independent organization, oversees the application of laws relating to the financial industry and plays a crucial role in developing the financial services sector on the island. The majority of Jersey’s workforce is professionally trained, with many individuals employed in finance and support services. The presence of internationally recognized accountants and legal experts ensures efficient and professional management of business operations.

An increasing number of global clients are selecting Jersey as their preferred location, largely because it has upheld its reputation for integrity while adapting to the evolving demands of international finance.

Jersey’s strategic location enhances its status as a finance center, providing easy access to the UK and mainland Europe, while its judicial independence and self-governance make it an appealing option for businesses and investors. Jersey boasts high-quality communication facilities, including efficient international telecommunications, information technology, and postal and courier services. The expansion of e-business initiatives further supports the finance industry.

Additionally, Jersey is a favoured venue for various types of corporate and association events from Europe, with many companies in the pharmaceutical, communication, manufacturing, and finance sectors choosing it as their destination of choice.