Jersey offers the potential of an excellent quality of life coupled with some of the lowest direct taxes in Europe. Jersey’s personal tax rate is a maximum of 20%.
For high net worth individuals there is a preferential tax system available: 20% tax on the first £625,000 of annual worldwide income and 1% on all income over and above this. The minimum annual tax payable is £125,000. When this is combined with no Capital Gains or Inheritance tax and a Goods and Services tax of 5%, Jersey is a very attractive proposition.
The States of Jersey 2018 Budget (approved in November 2017) confirmed that from January 2018, any new ‘high value residents’ will need to commit to paying a minimum income tax contribution of £145,000, with a top-up system for those who don’t generate enough income to pay that minimum.
Jersey is conveniently located with excellent flight connections, has an excellent reputation as an offshore finance centre and is stringently regulated and respected globally.
We have an excellent relationship with the tax authorities in Jersey along with the relevant government organisations which allows us to efficiently carry out the application process to move to Jersey as a high value resident.
Locate Jersey is the government organisation responsible for promoting, attracting and retaining inward investment and developing High Value Residency for Jersey. Click here for more information from Locate Jersey.
We assist clients in setting up business structures in Jersey along with navigating the application process with the Islands’ authorities.
This can include moving existing businesses to Jersey, new business licence applications and applications to bring essentially employed individuals to Jersey as a part of those businesses.
For further detailed information on moving to Jersey as a high value resident or relocating your business to Jersey, please visit the Locate Jersey website here.