For more than 40 years, Jersey
has been at the forefront of international financial services
developments designed to cater for the needs of the international
investor.
A small island off the coast of north western France, Jersey has established
itself as a leading international finance centre. Both institutional and private
clients seek a quality location to meet their banking and investment requirements.
Its unique constitutional position; involving an 800 year allegiance to the
English Crown and the existence of its own Parliament, which has responsibility
for domestic and fiscal affairs; has been an essential factor in its evolution
as one of the world's premier financial services jurisdictions.
As an English Crown Dependency, the island offers political and economic stability,
a flexible, independently endorsed regulatory framework, a tax neutral environment,
a mature and respected legal system and, backed by a 40 year track record of
product and service innovation, a skilled and responsive workforce. These ingredients
continue to be the basis for its global appeal as a jurisdiction of choice for
international investors
As a matter of policy, the island's regulator - the Jersey Financial Services
Commission - will only authorise the global top 500 banks to establish a presence
in the island. Jersey currently has approximately 50 such banks fromacross Europe,
the United States and Canada, South Africa and the Gulf region.
It also has approximately 200 regulated trust and company administrators; over
100 investment managers, stockbrokers, advisers, custodians and fund administrators;
a significant presence by all ‘Big Four’ accountancy firms as well as many of
the medium-sized international firms; and a range of highly regarded offshore
law firms with close links to major international firms.
Over 12,000 people are currently employed within Jersey's financial services
sector. Over the past four decades the island has developed a breadth and depth
in its range of services that many other competing jurisdictions find difficult
to match.
