Jersey. The Forward-Thinking International Finance Centre.

Here’s how Jersey stands out as an IFC

Independence

While we often work closely with Britain, we’re not part of the UK or represented by the British Houses of Parliament. We’ve maintained this domestic autonomy for centuries, which will continue to bring benefit in the post-Brexit future.

Substance

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.

Expertise

The highly-skilled workforce and key stakeholders in our IFC work together to develop products and services. This focus adds value to local and global economies, as well as the futures of individual investors.

Stability

We’re proud to have our own elected Parliament and judicial system, bringing us stability and freedom of independence.

Tax neutrality

Is Jersey a tax haven? No. 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.

Regulation

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.

In our IFC, 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.

As one of the best regulated IFCs, we have been acknowledged by independent assessments from some of the world’s leading bodies, including the World Bank and IMF, as well as scoring top marks from the OECD on tax transparency. Jersey has been recognised as one of the leading jurisdictions worldwide for compliance with the FATF standards during its most recent MONEVAL Mutual Evaluation Report (MER). Jersey was “compliant” or “largely compliant” with 39 out of 40 FATF recommendations, a level of technical compliance achieved by only a few jurisdictions worldwide.

Legal system

Our legal framework provides vital support to our finance centre, making sure that we stay flexible and attractive for domestic and international markets.