Since Amendment 11 to the Companies (Jersey) Law 1991 came into force earlier this year we've noticed that our briefings on Jersey Company Law have been particularly well read, so we thought we'd draw your attention to our comparison of company law in the Channel Islands.
Jersey Finance's last quarterly report on the financial services industry in Jersey (for the period ended 30 June 2014) made extremely positive reading, showing an increase in the net asset value of funds under administration in Jersey, from £195.3bn to £200.4bn during Q2 2014.
Over the same period, the total number of companies registered in Jersey increased by 506 to 33,207 - this suggests that the number of live Jersey companies is now rising again for the first time since the 2008 financial crisis.
In the year to 30 June 2014 the number of Jersey companies listed on global stock exchanges increased from 97 to 108 (all of the new entrants are listed on AIM or the London Stock Exchange's Main Market) - an 11% increase.
Meanwhile, the market capitalisation of these companies has grown by £44.846bn to £210.433bn in the same time period, an increase of 27%. We are seeing a marked increase in UK property financing transactions using Jersey holding companies and significant amount of alternative financing transactions, including peer to peer lending.
The continual development of these 'green shoots' are a good indication that Jersey has weathered the turbulent conditions over the past few years and has emerged intact. Jersey's ability to offer a stable yet innovative regulatory and legal regime, combined with its close links with the City of London and professional network of service providers means that it is an attractive destination for investors seeking to benefit from the continued economic recovery.
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