Jersey, an island community with 800 years of independence, enjoys a reputation for punching well above its weight in the world, based upon the spirit, skills and commitment of its people. In recent years our economic success has helped us fund excellent public services and achieve a standard of living amongst the highest in the developed world.
Jersey provides a competitive near-shore proposition to access most European markets, with the advantage of operating in the same time zone and with a similar regulatory environment and business culture to the UK. Jersey‘s strongly pro-business climate and a government committed to developing a knowledge-based economy encourages a climate of innovation and entrepreneurship.
Jersey is part of the British Isles but not part of the United Kingdom, nor a member of the European Union. As a result of loyalty to the English Crown the island has been granted certain rights and privileges resulting in the island becoming self-governing. Jersey's parliament - the States - is one of the world's oldest legislatures and provides the island’s economy with legislation ensuring the stability and international competitiveness allowing Jersey to attract global corporate & personal investment.
30 Advantages of Investing in Jersey
Accessibility to Europe
Taxation Advantages of Jersey
Jersey – The International Finance Centre
An Educated and skilled workforce
Competitive Office Locations
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• 2nd highest GNI per capita in the World amongst small countries
• High growth, stable economy
• High-quality regulatory regime
• Geographical location (EU offshore)
• Outside the European Union
• European Time zone, straddling Americas & Asia
• Improving international and “one-hour” connectivity plus comprehensive private aviation facilities
• English speaking common law jurisdiction
• Business-friendly, neutral tax regime (Zero-ten) supports capital investment, R&D and global transfers
• No Capital Gains or inheritance taxes
• Pro-business legislative agenda
• Successful international financial services centre
• Robust, sophisticated business support services infrastructure
• Excellent telecoms & data connectivity provided via fast digital & wireless networks
• High-capacity submarine telecoms connections to UK & France
• Low carbon, secure energy sources |
• Jersey companies track record of competing in World markets
• Low cost grade A office space
• High standard of education, professional well qualified workforce
• Excellent health service
• Track-record in attracting high net worth residents
• Accessible, business-focused government, providing strong interface between public and private sectors
• Specialist small business economy, with pro-active business support structure
• Close trading and constitutional linkages with the UK and other Crown dependencies
• At the heart of Channel Islands trading community, but geographically proximate to mainland Europe (12miles)
• Direct Ferry links to UK & mainland Europe
• Sense of positive commercial momentum and purpose
• World class quality of life and exceptional environmental advantages. Safe environment for businesses and people
• Global awareness /recognition of Jersey and its high reputational collateral
• Strong entrepreneurial track record and host location for private, trust & corporate investment
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Getting to and from Jersey couldn’t be easier. Ultra modern
airport and harbour facilities offer a wide range of air and fast
ferry services between the Channel Islands, the UK and Europe.
With 12 daily flights and flight times of less than an hour the city
is always accessible.
By Air
There is a great choice and number of regular scheduled flights to and from the island. This includes a minimum of 12 flights daily from London, with flight times less than one hour.
Various carriers operate from 30 regional airports in the UK and Ireland and from a number of major European cities. Inter island airline companies offer regular scheduled flights between the islands and the UK.
By Sea
Fast and conventional ferry services operate from the south coast of England, Poole, Weymouth and Portsmouth. The fast ferry takes approximately three and a half hours from the mainland. Services also operate from St Malo, Grainville
in France and other Channel Islands.
Private Jet
Jersey Airport has all the facilities and amenities for handling private aircraft from a PA28 to a Boeing business jet, at the Jersey Aero club or Aviation Beauport.
The overall tax burden in Jersey is amongst the lowest of all the European economies. Jersey remains the lowest taxed small economy in the Europe with:
• Low corporate & personal taxation
• No Capital Gains Tax
• No Inheritance Tax
• Generous tax allowances
• Low social welfare contributions
Corporate taxation and personal tax are among the lowest in Europe. The standard rate of income tax in Jersey is 20%. This rate is currently applicable both to individuals and corporate entities, as well as partnerships and branches of overseas companies.
As part of its international commitments, Jersey will move to a 'zero/ten' corporation tax regime in 2009, under which companies will generally be taxed at 0% and there will be a special 10% rate applying to certain regulated financial businesses
Other attractions of the Jersey tax system include generous rules for the taxation of employee share ownership; Social Security payments capped at a low level; and no stamp duty on equity transactions.
The island's government has indicated a strong commitment to maintaining the attractiveness of the Jersey tax regime as part of its overall economic strategy.
Jersey has established itself as an international finance centre with approximately 50 international banks, and a plethora of sophisticated financial service companies all utilising a highly skilled work force. This industry has been attracted to Jersey by its stable government, high standards of financial regulation, geographical closeness to the UK and Continental Europe and favourable tax regime.
For more than 40 years, Jersey has been at the forefront of international financial services developments, clearly establishing itself as a leading international finance centre. The benefit of Jersey having its own Parliament, with independent responsibility for its domestic and fiscal affairs, has led to its evolution as one of the world's premier financial services jurisdictions.
The island offers political and economic stability, a flexible, independently endorsed regulatory framework, a tax neutral environment, a mature and respected legal system and, backed by a 40 year track record of product and service innovation, a skilled and responsive workforce. These ingredients continue to be the basis for its global appeal as a jurisdiction of choice for international investors
Jersey also has approximately 200 regulated trust and company administrators; over 100 investment managers, stockbrokers, advisers, custodians and fund administrators; a significant presence by all ‘Big Four’ accountancy firms as well as many of the medium-sized international firms; and a range of highly regarded offshore law firms with close links to major international firms.
In addition to the finance companies themselves, Jersey possesses a robust, sophisticated support infrastructure capable of assisting prospective inward investors from the majority of knowledge based sectors. A comprehensive digital communications infrastructure provides globally competitive access and security, providing companies the ability to compete internationally on a 24/7 basis.
Over 12,000 people are currently employed within Jersey's financial services sector. Over the past four decades the island has developed a breadth and depth in its range of services that many other competing jurisdictions find difficult to match.
Jersey’s highly educated English-speaking workforce provides a source of employment talent for potential knowledge-based companies operating across most industry sectors. Educational achievements on the island are extremely high, with students consistently performing well above other UK regions at both GCSE and A-Level.
Prime office rents in Jersey are extremely competitive in comparison with mainland European locations with prime rentals as low as £20 per sq ft in the St.Helier area.