Jersey welcomes business and High Value Residency applications from individuals and businesses wishing to move to Jersey, should they satisfy the criteria laid out on this page.
Please note; only a select number of High Value Residency and Essential Business Employee consents are granted each year, with each submission considered on the basis of the financial and social attributes that a candidate could bring to island life.
This is only a high level view of the criteria, for more detailed information, please contact a member of the team on email@example.com or call +44(0)1534 440604.
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To find out more information about the process for moving to Jersey as a High Value Resident or establishing your business in Jersey, please visit; Process - Moving Your Business or/ Process - Relocating as a High Value Resident on our website.
Can't find what you're looking for? Get in touch today on +44(0)1534 440604 or email us at firstname.lastname@example.org
APPLICATION FOR High Value Residency
Jersey welcomes applications from highly skilled and economically active High Net Worth Individuals who can demonstrate the ability to generate an annual minimum tax contribution of £145,000, and an annual sustainable, worldwide income comfortably in excess of £725,000 per annum. However this does not guarantee the success of your application.
It is also expected for your residency to benefit the Island and its community albeit socially or economically (business). Other qualifying factors which may also be taken into consideration include:
- business contributions /or/ voluntary work in the local community;
- sporting /or/ training initiatives for educational organisations or youths;
- positive media coverage of activities undertaken (business or social) NB: potential negative media coverage will also be taken into account, including past events outside of the Island;
- any undesirable or negative factors in your background (e.g. criminal record);
- family and your general lifestyle;
- past charitable contributions or work;
- skills or cultural interests which could benefit the Jersey community;
- the impact your residency will have locally; and
- your plans for business activity in Jersey including; training, diversification, employment and resultant increased tax revenue;
To apply for residency, you will need to provide the following documentation.
- Personal letter of application; and
- Business profile of applicant; and
- Financial profile; and
- Two personal references; and
- Two business references; and
- Verified copy of a valid passport; and
- A Disclosure Certificate from the Disclosure & Barring Service (DBS) formerly known as a CRB Certificate - a basic disclosure can be done by Disclosure Scotland for any UK resident, whether living in Scotland or otherwise; and
- Marriage certificate (only for those who wish to purchase a property in joint names).
Should your application be successful, and you choose to take up permanent residency in Jersey as an 'entitled' individual, it is expected for you to buy or rent a high value property. High value property is typically considered to be of a minimum value of £1.75m for a house and £900,000 for an apartment.
Contact Kevin today to discuss the process of moving to Jersey as a High Value Resident by emailing email@example.com or by calling +44(0)1534 440604 /or/ +44(0)7797 783457. You can also download our High Value Residency Brochure.
APPLICATION FOR Business Relocation
Under Jersey law, you are required to have a licence to operate a business and employ staff in the island. To qualify for a business licence you must have been resident in Jersey for five years (or have 'entitled' status), unless you can demonstrate that the business is of high economic or social value to the Island (or if the business is specialised). Key factors include:
- Corporate tax payable by the company (this only applies if it is a Jersey Financial Services Commission-regulated financial services business, or a utility company); and
- If the business is non-regulated, and does not pay corporate tax, then a key factor would be tax payable in the island by owners and staff of the business; and
- Creation of high value jobs for islanders; and
- Training and development opportunities for islanders; and
- Graduate and school leaver opportunities; and
- Use of Jersey firms for work required locally (IT, legal, accountancy, HR etc.); and
- Corporate Social Responsibility (a commitment to the local community).
Business licence applications require a supporting business plan, which should include three years’ audited accounts for the existing business and a three year financial forecast as well as details of staff for the Jersey business.
If the principal of the business or the senior members of the executive team are likely to need to relocate to the Island to run the operation then as part of this process the company will need to request a ‘Licensed’ permission for the role. The role must be a position that cannot be filled by someone already entitled to live and work in Jersey. This consent will allow them to live and work in the Island, for this business and allows the individual to rent or buy appropriate housing in their sole name (or jointly with a spouse or civil partner) commensurate with the position they hold within the company. The Licence consent is normally granted for 3 years and is renewable based on the performance of the business against the business plan that the business is required to submit in support of the application.
If the Licensed individual leaves the role for which the licence is granted then they will lose that status and will no longer be eligible to own or occupy ‘Qualified’ housing.
Businesses must be registered with the Companies Registry (Jersey Financial Services Commission). If you wish to form a Jersey ‘Limited’ company, a local professional service provider (with the correct permissions) will need to act on your behalf, as the business cannot be formed by someone resident outside of Jersey. You are also required to have a Jersey registered address for the business.
Contact us today to discuss the process of moving your business to Jersey via firstname.lastname@example.org or by calling +44(0)1534 440604.