- Jersey Finance
- |1/4/25
North America
The Island of Jersey has been working with organisations and individuals in North America over many years. Our unique shared history, going back to the 17th Century, is evident both in name and commonality, and this is particularly resonant for clients in the region.
Jersey is the ideal gateway to Europe for US fund managers. Since we established a presence in the US, funds and sub-funds from the US are up 113%.
Access to Europe through the National Private Placement Regimes using a Jersey manager is a well-established model offering clear advantages. Watch our US video below to learn more, or read our US factsheet.
The introduction of Jersey’s Limited Liability Company (LLC) legislation in 2023 was a welcome addition to our suite of private fund vehicles and structuring options. Read our LLC factsheet. It’s also easy for managers to migrate limited partnership fund structures to Jersey – learn more.
Company structuring and corporate services
There are many compelling reasons for incorporating in Jersey. Political stability, and our own independent legal, administrative and fiscal systems, are high on the list, alongside our flexible companies law. Learn about the extensive fiduciary, legal and accounting expertise we have in Jersey by accessing our Business Directory.
A Global Hub
For decades, Jersey has set itself apart as a reputable, centrally located jurisdiction for investors from key global markets. Jersey provides excellent third country access to the EU market through the use of NPPR to non-EU countries.
Speed to market
The process, including regulatory applications and approvals, takes weeks not months, with the regulator committing to approve this type of fund launch in six weeks.
Cost effectiveness
Offers better returns: Jersey’s streamlined regulatory regime can result in lower running costs and higher investor returns in a jurisdiction free from value added tax (VAT).
Regulatory certainty and innovation
The JFSC is an approachable, globally respected and co-operative regulator, supervising pragmatic regulation that meets international standards (the International Monetary Fund, the International Organisation of Securities Commissions, the European Securities and Markets Authority and the Financial Action Task Force).
Tax simplicity
Jersey offers a tax-neutral environment with no VAT or capital gains tax (CGT) and is not reliant upon a complex system of tax rulings, exemptions and deductions, hybrid financing or double tax treaty networks.
Political and economic stability
Jersey is a politically and fiscally autonomous and stable British Crown Dependency with a secure, special relationship with the United Kingdom (UK), but outside of the UK and outside of the EU. We are therefore perfectly positioned post Brexit, as the UK and EU work through the semantics of their new Trade and Cooperation Agreement and become accustomed to their new working arrangements, and beyond.
Remuneration
To obtain a full AIFMD ‘passport’ in Europe, the manager is required to disclose remuneration details of key employees including partners. If a US manager does not need to market on a pan-European basis, there is no great benefit to an AIFMD passport and a lighter approach is permissible under the NPPR.
Jersey is home to a wide range of financial services providers and an increasing amount of US business is being undertaken by organisations here.
Our Work in North America
- Fund managers find Jersey’s forward-thinking funds regime highly attractive when seeking to market into the EU via the popular path of National Private Placement Regimes.
- We’re able to work within a range of finance disciplines, sensitive to local dynamics, economies and cultures.
- Compared with other IFCs used from North America, we offer a breadth of choice and sophistication, with clients attracted by the quality of Jersey’s fund administrators and that of our regulatory framework.
- We support inward and outward foreign direct investment (FDI) and are the tax-neutral jurisdiction of choice for structuring investment into the UK and EU.
- We assist in family wealth management and pre-IPO planning.
- Jersey’s financial services industry makes a significant impact in the US. The Centre for Economics and Business Research (Cebr) has examined Jersey’s contribution to global value chains, looking at the work that Jersey firms carry out, and the respective impact on investment flows and economic activity. Cebr found that Jersey supported 318,000 jobs in North America and $33 billion of GDP on average annually between 2017 and 2020, through global value chains.
We’re proud of our diverse links to North America and our capital, St Helier, is twinned with Trenton, New Jersey. Our historic ties go back centuries, while we continue to be connected in many other ways.
Insights
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- Jersey Finance
- |23/4/24
- Jersey Finance
- |3/2/23
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