Jersey welcomes business and HNWI/High Value Residency applications. Individuals and businesses wishing to move to Jersey, should meet the criteria laid out on this page.
Only a select number of High Value Residency and Essential Business Employee consents are granted each year. Each submission is considered on the basis of the financial and social attributes that a candidate could bring to island life.
This is a brief summary of the criteria. For more detailed information, contact a member of the team on firstname.lastname@example.org or +44(0)1534 440604.
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To find out more information about the process for moving to Jersey as a HNWI (High Value Resident) or establishing your business in Jersey, please visit;
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APPLICATION FOR High Value Residency
Jersey welcomes applications from highly skilled and economically active High Net Worth Individuals (HNWIs).
You must demonstrate:
- the ability to generate an annual minimum tax contribution of £145,000; and
- an annual, sustainable, worldwide income 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). 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:
- 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). This was previously 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 buy a property in joint names).
Should your application be successful, and you take up permanent residency in Jersey it is expected for you to buy or rent a high value property. High value property is typically considered to be at least £1.75 million for a house and £900,000 for an apartment.
Contact Kevin today to discuss moving to Jersey as a High Value Resident. Email firstname.lastname@example.org or call +44(0)1534 440604. You can also open our High Value Residency Brochure.
APPLICATION FOR Business Relocation/Establishment
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. This is unless you can show 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.
- 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;
- 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. This should include:
- three years’ audited accounts for the existing business; and
- a three year financial forecast for the Jersey business; and
- details of staff for the Jersey business.
If a principal(s) of the business or staff need to move to the Island to run the Jersey company, you need to request a ‘Licensed’ permission for the role. You can do this in the business licence application.
The role must be a position that cannot be filled by someone already entitled to live and work in Jersey. The 'Licensed' consent will allow them to live and work in the Island for this business. It also allows the individual to rent or buy appropriate housing commensurate with the position they hold within the company. There is an expectation for a Licensed individual of a salary level above the average GVA per FTE figure for Jersey which is currently £72,000. The individual will be subject to the same taxes and contributions as Jersey residents.
The Business Licence consent is normally granted for 3 years and is renewable based on the performance of the business against the business plan.
If the Licensed individual leaves the role for which the licence is granted, they will lose that status. They 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 will need to act on your behalf. This is because a 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 moving your business to Jersey via email@example.com or by calling +44(0)1534 440604.