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Leading Channel Islands financial center with 0% corporate tax
Region
WESTERN EUROPE
Corporate Tax
0%
Setup Time
2 weeks
Currency
GBP
Jersey, the largest Channel Island, has developed substantial financial services specializing in private wealth and investment funds. The island's company registration framework and regulatory environment support sophisticated business setup.
With a population of 108,000, Jersey offers island living with British cultural connections. English is the official language. The maritime climate is mild, benefiting from Gulf Stream influence.
Healthcare is provided through public services with UK emergency arrangements. Safety is excellent with minimal crime. The cost of living is high, particularly housing. The beaches and countryside provide quality lifestyle.
The financial services community creates international character despite island size.
Corporate tax is 0% for most companies, with 10% for regulated financial services and 20% for property income and large corporate retailers. Personal income tax is capped at 20%. No VAT, capital gains tax, or inheritance tax applies.
The Jersey pound is at parity with sterling. The economy depends heavily on financial services and legal structures for trusts and foundations. The Jersey Financial Services Commission provides respected regulation.
Company registration through the Jersey Financial Services Commission Registry is efficient. Various structures serve different purposes including standard companies and foundations. Foreign ownership is unrestricted.
Company formation completes within days. Minimum capital requirements are minimal. Annual compliance includes filing returns.
The JFSC has implemented registration for virtual asset service providers. Jersey provides regulatory framework for crypto businesses meeting compliance standards.
The Jersey Gambling Commission regulates gambling, though the market is small. Jersey has not positioned itself as a major gambling license jurisdiction.
Geographic limitations mean Jersey suits specific financial services operations. Air connections are better than smaller islands but still limited. The professional services market, while sophisticated for finance, has natural constraints.
Banking access is available through Channel Islands banks and UK institutions with CI presence. Professional services are highly developed for financial services and legal structures.
Jersey suits private wealth structures, investment funds, and financial services seeking regulatory quality for their business setup.
Local: LLC
Local: Ltd
Local: Foundation
Local: Trust
| Corporate Tax Rate | 0% |
| Personal Income Tax Rate | 20% |
| VAT / Sales Tax | 5% |
| Capital Gains Tax | 0% |
| Withholding Tax | 0% |
| Reduced Corporate Tax Available | Yes |
| Non-Resident Withholding Exempt | Yes |
| Tax Treaty Network | Yes |
| Banking Access | HIGH |
| Financial Privacy | MEDIUM |
| Currency Controls | NONE |
| Local Bank Account Required | No |
| Non-Resident Bank Account Allowed | Yes |
| Physical Presence for Banking | Yes |
| Banks Restrictive (High Risk) | No |
| AML Officer Required | No |
| MLRO Required | No |
| Compliance Officer Required | No |
| Data Protection Officer Required | No |
| Bookkeeping Frequency | Annual |
| Local Bookkeeping Required | No |
| Mandatory Audit | No |
| License Required | Yes |
| Local Director Required | No |
| Local AML Director Required | Yes |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Required Share Capital | $0 |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | FATF Travel Rule - Jersey is among the most advanced jurisdictions |
| Business Plan Required | Business plan and details of proposed VASP activities required |
| Personnel Required | AML Compliance Officer, AML Reporting Officer |
| Insurance Required | No |
| Remote Incorporation Possible | Yes |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | Yes |
| Registry Access | Public VASP register maintained by JFSC |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | No |
| Compliance Audit Mandatory | No |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | No |
| Dividend Tax Applicable | No |
| Capital Gains Tax Applicable | No |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | Jersey Financial Services Commission (JFSC) |
| Licensing Fee | $0 |
| Licensing Fee Details | VASP registration fee - no separate licensing fee; standard company annual confirmation fee £330 (including £175 government levy) |
| Permitted Business Models | Exchange, Custody, Wallet services, Payment processing |
| Permitted Activities | Exchange of virtual assets for fiat, exchange between virtual assets, transfer of virtual assets, safekeeping/administration of virtual assets, financial services related to issuance/sale of virtual assets |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | No |
| Derivatives Allowed | Yes |
| RWA Tokenization Allowed | Yes |
| App Store Listing Allowed | Yes |
| Crypto Custody Allowed | Yes |
| License Required | Yes |
| Local Director Required | No |
| Local AML Director Required | No |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Required Share Capital | $0 |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | N/A for gambling |
| Business Plan Required | Detailed business plan, regulatory licenses held, corporate details required |
| Personnel Required | Fit and proper directors, beneficial owners disclosed |
| Insurance Required | No |
| Remote Incorporation Possible | No |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | No |
| Registry Access | Jersey Gambling Commission maintains records |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | Yes |
| Compliance Audit Mandatory | No |
| Technical Audit Mandatory | Yes |
| Corporate Income Tax Applicable | No |
| Dividend Tax Applicable | No |
| Capital Gains Tax Applicable | No |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | Jersey Gambling Commission (JGC) |
| Licensing Fee Details | License fees vary by category - operators, platform providers, hosting providers, software designers, testing houses |
| Permitted Business Models | B2C operators, B2B platform providers, hosting providers, software designers, testing houses |
| Permitted Activities | Online casino, sports betting, lottery, poker - remote gambling from Jersey or via Jersey-based servers |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | No |
| Player Fund Segregation | Yes |
| B2B/B2C Separate Requirements | Yes |
| License Required | Yes |
| Local Director Required | No |
| Local AML Director Required | Yes |
| Local Legal Address Required | Yes |
| Local Physical Office Required | Yes |
| Capital Maintained in Account | No |
| Compliance Program Required | Yes |
| Travel Rule Compliance | FATF compliant |
| Business Plan Required | Comprehensive business plan required |
| Personnel Required | Fit and proper directors, compliance officer, MLRO |
| Insurance Required | Yes |
| Insurance Details | Professional indemnity insurance required for certain activities |
| Remote Incorporation Possible | No |
| 100% Foreign Ownership | Yes |
| Min. Shareholders | 1 |
| Min. Directors | 1 |
| Shareholder/Director Same Person | Yes |
| Registry Public | Yes |
| Registry Access | https://www.jerseyfsc.org/industry/regulated-entities/ |
| Renewal Period | Annual |
| Accounting Filing Required | Yes |
| Accounting Filing Frequency | Annual |
| Financial Statement Required | Yes |
| Financial Statement Frequency | Annual |
| Accounting Audit Mandatory | Yes |
| Compliance Audit Mandatory | Yes |
| Technical Audit Mandatory | No |
| Corporate Income Tax Applicable | Yes |
| Dividend Tax Applicable | No |
| Capital Gains Tax Applicable | No |
| Territorial Tax Regime | No |
| VAT Applicable | No |
| Regulators | Jersey Financial Services Commission (JFSC) |
| Licensing Fee Details | Application and annual fees vary by license type - banking, fund services, investment business, insurance, money service business |
| Permitted Business Models | Banking, Fund Services, Investment Business, Insurance, Money Service Business, Trust Company Business |
| Permitted Activities | Payment services, money transmission, currency exchange, investment management, fund administration, trust services |
| Restricted Activities | Banking services require specific banking license |
| Cross-Border Service Allowed | Yes |
| Physical Inspection Required | Yes |