Offshore relocations - Moving your business to Jersey

Offshore relocations - Moving your business to Jersey

An increasing number of businesses are relocating to Jersey, citing a business friendly environment and quality lifestyle as the motivating factors.

Organisations such as Locate Jersey and Digital Jersey facilitate inward  investment and Jersey has welcomed many new businesses over the past few years from a range of sectors including mining and oil companies, fund managers, fintech, finance companies, retailers and hoteliers.

The key factors making Jersey so attractive include:

• zero rate of corporate tax for foreign-owned businesses and low rates of personal taxation
• no capital gains or inheritance tax and no stamp duty other than on local real estate transactions
• ability to centralise management and control in one place
• ability to demonstrate real substance in the jurisdiction
• modern and flexible legislation
• good supply infrastructure
• resources including office space and support services
• a broad base of professional service providers with high levels of expertise
• a skilled local work force
• a government which is willing and keen to encourage inward investment and business relocation
• proximity to London and ability to deal with New York and Hong Kong in same business day
• economic and political stability
• strong transport links to London and other European centres

Both international businesses with a diverse geographical asset base and traditional London-based companies are realising that for both their management team and for the owners of the business it makes sense to relocate to a more attractive tax neutral jurisdiction which also offers a quality lifestyle close to the UK and France