This page offers information on the criteria and information required in applications for HNWI relocation. For more information on the process see Process for HNWI Relocation.
Moving to Jersey as a High Net Worth Individual
HNWIs wishing to move to Jersey, must meet the criteria laid out on this page.
Only a select number of High Value Residency consents are granted each year. Each submission is considered on the basis of the financial and social attributes that a candidate could bring to the Island.
About High Value Residency (HVR) in Jersey
The HVR programme is a route to residency for HNWIs looking to live and/or work in Jersey. It is not a citizenship by investment scheme. HNWIs who are approved will need UK immigration clearance to be able to live and work in Jersey.
The programme allows the individual to move to Jersey as an Entitled resident which gives access to the housing and work market. Please see Residency and Immigration for full details on residential statuses in Jersey.
Those who are approved are able to access a specific tax rate of 20% on the first £850,000 of worldwide income and 1% on income in excess of that amount. Please note any income earned from land and buildings in Jersey, or dividends paid from a company in receipt of Jersey property income, is taxed at 20%. For more information on taxes, social security and other contributions please see Tax and Contributions in Jersey.
The Criteria for High Value Residency (HVR)
To be eligible to apply for High Value Residency you must be able to demonstrate:
- the ability to generate an annual minimum tax contribution of £170,000
- comfortable and sustainable, annual worldwide income in excess of £850,000 per annum
- a personal wealth of more than £10million in assets (some liquidity is required).
This does not guarantee the success of an application, and other qualifying social and economic factors will also be taken into consideration. These include:
- business contributions and/or voluntary work in the local community
- sporting and/or training initiatives (for example for educational organisations or young people)
- positive media coverage of activities undertaken (business or social) as well as potential negative media coverage, including past events outside of the Island
- any undesirable or negative factors in your background (for example a criminal record)
- your 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
- your plans for business activity in Jersey including:
- associated tax revenues.
The Information Required in your HVR Application
To apply for High Value Residency, you will need to provide the following documentation:
- a personal letter of application
- your business profile
- your financial profile
- two personal references
- two business references
- a verified copy of a valid passport (required for each individual relocating to Jersey)
- a Disclosure Certificate from the relevant authority Disclosure and Barring Service (DBS) authority. This was previously known as a CRB Certificate.
Should your application be successful, and you take up permanent residency in Jersey, there is a minimum expected value in terms of the property that you buy or rent.
The purchase price for a high value property is typically considered to be at least £2.5million for a house and £1.25million for an apartment (this will rise from 1 July 2023).
If you decide to rent a property, it should be of the same saleable value. However, there is an expectation that after 2 years you show a commitment to Jersey by purchasing your own property.
For more information on housing, please see Finding a Home.
This is an overview of the criteria for HNWIs considering High Value Residency in Jersey, for process information go to Process. For information about what you need to do when you first arrive in Jersey head over to Practical Information for Moving to Jersey or get in touch with a member of the team.