GENERAL

Status: Self-governing Crown Dependency
Location: In the Bay of St Malo, 166km south of England. The biggest of the Channel Islands.
Area: 116km2
Capital: St Helier
Population: 84,082
Business language: English
Currency: Pounds sterling, local currency
Time zone: GMT and BST
Business hours: Mon-Fri 9am to 5.30pm
Climate: Temperate.
Average temperatures of 8ºc in winter and 21ºc in summer.

IMPORTANT CONTACTS

The Jersey Chamber of Commerce
Royal Square
St Helier
JE1 4HF
Jersey
Tel: + 44 1534 24536/871031
Fax: + 44 1534 34942

Chief Advisor to the States of Jersey
PO Box Box 140
St Helier
Jersey
Tel: + 44 1534 603000

Regulator:
Jersey Financial Services
PO Box 267
Nelson House
David Place
St Helier
Jersey
JE4 8PT
Tel: + 44 1534 822000

EXPAT EMPLOYMENT DETAILS

Work permits are not required for EU nationals but permission must be obtained from the housing committee to rent or purchase property.

COMMUNICATIONS

Good communications have been an important factor in Jersey's growth. Frequent flights to England and France offer fast and easy access to the City of London and European markets. Jersey also has excellent telecommunication links.

POLITICAL AND ECONOMIC STABILITY

Jersey has a strong economy with no public debt, a high standard of public and private services and a high standard of living. Political stability in the absence of political parties, combined with a low-tax status and appropriate economic policies have proved attractive to potential investors and companies. Jersey has a special relationship with the EU.

KEY ACTIVITIES

Traditionally attracting high net worth individuals, Jersey now has a large and active finance sector serving the needs of private individuals and corporate bodies worldwide.

ADVANTAGES OF JERSEY

  • Over 30 years of quality service.
  • High standard of investor protection.
  • Advantageous and stable regime "offshore Europe".
  • Commerical legislation meeting international standards.
  • Good relationship between Government and business.
  • Confidentiality.

The content of this factfile is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances

This factfile also appears in the 'International Offshore and Financial Centres Handbook 1999/2000'. For further information about this highly informative guide to offshore centres, or to order your copy, please phone +44 (0) 207 820 7733 or send an email to iofch@mondaq.com