Jersey is one of the world’s leading international finance centres. We are proud of our forward-thinking approach, robust regulatory framework and political and economic stability. Our expert and highly-skilled workforce develop products and services that add value to local and global economies, as well as individual investors.
Jersey has a unique constitutional position. Although its allegiance is to the British Crown, it is not a part of the UK and is not represented in the British Houses of Parliament. The Island’s domestic autonomy has been preserved via charter and convention through 800 years of English history.
Jersey has its own democratically elected Parliament, which has consistently maintained responsibility for domestic affairs including fiscal matters. Jersey also operates its own judicial system, which is based on common law principles.
Jersey offers a clear, tax-neutral environment, allowing investors to work together more efficiently. They pay tax in their own countries and in those they invest in, without complex cross-border tax issues – and without being taxed twice. Without places like Jersey, bringing many different investors together would be very difficult, with many investments and benefits being lost as a result.
To ensure the right tax is being paid, strong regulation is needed. Jersey’s strong regulatory framework sets it apart from other IFCs. The framework for our IFC is one of the strongest in the world, designed to bring clarity and transparency to the world of finance. We make certain that we know exactly where all the money in Jersey has come from and where it’s going. We then share that information with the relevant authorities and governments, working with them to ensure the tax due is being paid. This constant communication is vital to fighting financial crime and corruption.
Together with the many major financial services organisations that are based in Jersey’s capital, St. Helier, we employ almost a quarter of the local workforce. Jersey’s finance centre has developed a breadth and depth of products and services that sets us apart from other jurisdictions – offerings that’ll only grow in the future.
Our legal framework provides vital support to our finance centre, making sure that we stay flexible and attractive for domestic and international markets.