Listing Vehicles Factsheet – August 2026

Jersey has been a leading international finance centre for more than 60 years. Investors trust its political and economic stability, its strong and respected regulatory framework, its independent judicial system and its diverse and dynamic financial ecosystem.

The island’s reputation is reflected in the many endorsements received from authorities such as the Organisation for Economic Cooperation and Development (OECD), the International Monetary Fund (IMF) and MONEYVAL (the Council of Europe’s monitoring body for anti-money laundering).

The Companies (Jersey) Law 1991, as amended, is a modern and comprehensive company statute. It is regularly updated, most recently in 2026, to reflect best international practice and to ensure it serves the needs of international investors.

The Law is both familiar, being generally based on UK legislation, and flexible, with a range of features that make Jersey companies particularly attractive as listing vehicles. These benefits include:

• Distribution flexibility: distributions can be funded from any account of the company (other than a nominal capital account or capital redemption reserve account), subject to the directors making a cash flow solvency statement. This can be useful where the company wishes to maintain a consistent dividend payment schedule.
• Share buybacks: Jersey public companies can purchase their own shares from any account, again subject to the directors making a cash flow solvency statement.
• No statutory pre-emption rights: however, pre-emption rights on the issue of shares can be included in a company’s articles where required by the relevant listing rules.
• Constitutional flexibility: a Jersey company can tailor its constitution to accommodate investor expectations and/or to satisfy the listing rules of a particular stock exchange.
• Disclosure of interests in shares: Although there are no statutory disclosure and transparency provisions under Jersey law requiring shareholders to disclose interests in shares, such provisions can be included in a company’s articles to reflect the requirements of the relevant stock exchange.
• Take private mechanisms: the options available include statutory mergers as well as takeover bids and members’ schemes of arrangement.

• LSE: Shares listed on the LSE can be traded and settled directly through CREST without the need for CREST depositary receipts.
• Other exchanges: Shares listed on a wide range of international exchanges (including the NYSE, NASDAQ and all EU/EFTA regulated markets) can be traded and settled in dematerialised form.

Jersey’s tax neutral environment facilitates cross-border investment:

• O% income tax: the standard rate for Jersey-resident companies is 0%. Special rates apply to certain categories of company including those subject to Jersey’s Multinational Corporate Income Tax for the purposes of the Pillar 2 framework.
• Choice of tax residence: Jersey companies can choose not to be resident for tax purposes in Jersey, and be exclusively tax resident in another jurisdiction, such as the UK. This makes Jersey an ideal jurisdiction for UK Real Estate Investment Trusts (REITs) which need to be exclusively UK tax resident.
• No capital taxes: Jersey has no taxes on capital gains or capital transfers.
• No stamp duty: no stamp duty or similar tax is payable on the transfer or issue of shares in Jersey companies.
• No withholdings: there is no requirement for a Jersey company to make any withholding or deduction on account of Jersey tax on dividends or interest payments to non-Jersey resident shareholders or lenders.