By Giles Adu
Jersey is developing a nascent, dynamic, alternative investment manager community living and working in the island because it is a well regulated, low taxation, flexible jurisdiction. There is strategic government commitment and support to developing the alternative investment management industry further.
Jersey is open for business. Investment management firms are very welcome to establish here and they are fully supported, from new start-up companies to established mature businesses. Jersey offers a hub of like-minded, dynamic individuals and organisations with the vision to develop and grow their operations.
- Familiar: an English speaking, Anglo-Saxon business culture.
- Connected: Jersey is a 35-minute flight from London Gatwick, so it is possible to be in central London by 09:15 and return home by 20:30. Direct flights are available to Paris, Geneva and Zurich, amongst others, and there are good connections to other financial centres.
- Flexible: The specialist knowledge of incoming investment managers is welcomed and it helps to shape policy through industry bodies, legal and regulatory consultations and working groups, to take advantage of new market opportunities.
- Talent: Jersey has a deep pool of skilled and experienced people to support and drive business growth.
Corporate tax: One of the primary benefits of establishing an investment management business in Jersey is that company taxation is 0%. This enables significant reinvestment into the business to rapidly grow infrastructure resources, technology and specialist talent, which can propel growth faster as the manager becomes potentially investable by larger institutional investors.
Personal tax: With a flat rate of 20%, high net worth individuals can effectively cap their tax payable at £125k. There is no capital gains tax, inheritance tax, wealth or gift tax.
Jersey offers incoming residents a broad range of period and contemporary property to purchase or to rent, ranging from elegant Georgian period properties in town settings to properties in peaceful countryside settings or those overlooking pristine beaches or marinas.
Families have a wide ranging choice of excellent schools. State, private, state grammar, single sex, and coeducational schools are all available for pupils aged 3-18 years. Schools follow the UK curriculum to A Level and International Baccalaureates are also an option. Jersey schools enjoy excellent results and many are in the top quartile of UK performance at GCSE and A Level.
Jersey has a sophisticated contemporary feel, which is international yet personal and friendly. Locating here can increase your business flexibility, help to grow your business rapidly, bring the benefits of low taxation and offer you an enhanced quality of life in beautiful surroundings.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.