The Natural Resources and Renewable Energy Sector in Jersey
Jersey is an increasingly popular choice for businesses operating in the Natural Resources and Renewables space. As a result, Jersey has an emerging community of established natural resource (and ancillary) businesses who benefit from the Island’s secure business environment and strategic geographic position.
Natural resources businesses in Jersey benefit from the Island’s international reputation as a centre for global operations and its reputation as a well-regulated and compliant jurisdiction. The growth of the sector and the establishment of corporate offices in Jersey is supported by the Government, giving further confidence to those contemplating the move to Jersey.
With a highly qualified and multilingual workforce, nothing will be lost in translation. Move your natural resources, ancillary or renewable energy business to Jersey and join the growing community which already benefit from the Island’s secure, established networks and safe community environment.
If you would like to read the latest news or learn more about the sector in Jersey why don’t you check out our News and Blogs section. You can also find relocation stories of other Natural Resources (and ancillary) businesses who made the move in our Relocation Stories section.
A Destination to Feel Comfortable About
Peace of mind is priceless. Self-governing, with a stable government and independent fiscal and legal systems, Jersey provides an ideal environment for your business to flourish.
With a highly respected international reputation and recognised by both the IMF and OECD, the Island’s well-regulated business infrastructure ensures that you will have peace of mind when you move to Jersey.
With major financial centres only a short flight away, moving to Jersey puts you at the heart of worldwide travel networks. 14 miles (20 km) from France and just a 40-minute flight to London, Jersey’s strategic location makes travel easy and enjoyable. With daily flights to international hub airports, easy access to major European and UK cities, Jersey is your starting point for a world of connections.
Jersey’s airport and private airfield are easy to access, so you can be home within minutes, ready to slip back into the Island’s relaxed pace of life. Move to Jersey and the rest of the world is at your fingertips!
- Over 30 daily flights to key UK cities and airports
- 40-minute flight to London
- Strategic geographical location, centrally located to Europe, UK time zone
Tax in Jersey
Jersey is a low tax jurisdiction with some of the lowest tax rates in Europe. With low personal tax rates, no CGT or IHT, and 0% business tax (10% for certain regulated financial services businesses) discover how relocating to the beautiful island of Jersey can pave the way to success for you, your team and your family.
- 0%-10% Business Tax Regime
- 5% Goods and Service Tax (GST)
- No Inheritance Tax (IHT)
- 20% maximum personal tax (+ a Long-Term Care contribution)
- No Capital Gains Tax (CGT)
- Specific tax regime for HNWIs
For more information on corporate tax and for your contributions as an employer please see Tax and Contributions in Jersey.
With a highly developed communications network including Island-wide gigabit fibre and 4G connectivity, excellent access to world-renowned professional service providers and a progressive attitude to the establishment of corporate offices, Jersey is an environment where businesses and people flourish.
Move your business to Jersey and gain all the advantages of an offshore destination, with the practicalities of sharing the same time zone and language as the UK. Independence, but with the security of swift communications and secure connections with the rest of the world.
Regulation and Legislation
Jersey is a compliant and cooperative jurisdiction, thanks to its robust yet pragmatic approach to regulation and legislation. The Island meets the international standards set by a number of worldwide organisations and international regulatory bodies from the EU to the International Monetary Fund (IMF).
Jersey continues to strive toward tighter regulation and continually amends policy to ensure the Island remains compliant with the latest international standards and regulations. As part of its commitment to the safety and stability of the Island’s economy, the Government has introduced a Sound Business Practice Policy (SBPP) and was one of the first jurisdictions to adopt anti-Base Erosion Profit Shifting (BEPS) stance.
The SBPP is designed to protect Jersey’s reputation and integrity in commercial and financial matters and aims to act in the best economic interest for the Island. The SBPP applies to businesses which carry out activities that the Jersey Financial Services Commission (JFSC) considers sensitive, and which pose a potential reputational risk to Jersey. It is not exclusive to businesses regulated by the JFSC (financial services) but also applies to a selection of un-regulated activities. Included in this is any business with involvement, directly or indirectly, in mining, drilling or quarrying for natural resources. These activities are not considered inherently unlawful but are considered to potentially pose a reputational risk to Jersey and therefore require more scrutiny.
BEPS is a consideration for all international businesses in Jersey. BEPS also known as Economic Substance refers to tax planning strategies that exploit holes and disparities in tax rules to artificially move profits to low or no-tax locations in which there is little or no economic activity. The BEPS initiative aims to stop this, to create a globally fair and modern international tax system by ensuring profits are being taxed in the jurisdiction where the profit generating activity takes place.
To find out more about regulation in Jersey, the Sound Business Practice Policy and BEPS please see Regulation and Legislation in Jersey.
When you move your businesses to Jersey, you can relax in the knowledge that you are within a secure and compliant jurisdiction.
The Island’s economic stability and reliability sets us apart from other jurisdictions. With a highly developed communications network, a business-ready attitude, and low personal and business taxes, discover how relocating your natural resources business to the beautiful island of Jersey can pave the way to success for you, your team and your family. Establish your business in Jersey and instantly be at the heart of a thriving business centre.
If you would like to know more about Jersey’s economy or infrastructure, please see Business Environment or Infrastructure.
Mix Business and Pleasure
With fine dining restaurants, areas of outstanding natural beauty, cliff-top golf courses overlooking Atlantic breakers, living in Jersey means everything is within easy reach.
Jersey’s business environment is home to some of the world’s leading banks, financial institutions and law firms, and first-class industry contacts and service providers are all within easy reach. With a highly developed communications network including island-wide 1GB fibre, establish a business in Jersey and you are instantly at the heart of a thriving business centre.
Jersey’s close proximity to France, just 14 miles (20 km) away and easily visible from the east coast, adds a distinctly European feel to the Island’s ambiance. In keeping with this it is quite customary for business meetings to take place on balmy afternoons in any one of a number of alfresco dining terraces.
Move your business to Jersey and gain all the advantages of an offshore destination, with the practicalities of sharing the same time zone and language as the UK. With the added advantage of Jersey’s independence and the security of swift communications and secure connections with the rest of the world
It’s the perfect setting for the good life, whether you’re hosting clients or just appreciating the Island’s wealth of natural and business resources.
If you would like to know more about moving your business to Jersey, please see Moving to Jersey as a Business, where you can find out more information on the application and process.
Tranquillity and Security
Finding a jurisdiction that can offer you the very best tax advantages might be a motivation, but selecting a location to become your new home is about much more.
With its culture of safety, high quality health facilities and education systems, unspoilt beaches, clean sea air, and by being conveniently close to international business centres, but far enough away to enjoy a relaxed lifestyle in a tranquil and secure location, moving to Jersey offers a pace of life that gives you and your family space to thrive.
“As we are a global company, with ocean research sites around the world, having good travel links and being in a convenient time-zone (GMT!) are real priorities for us, both of which Jersey certainly does offer. Another big sell for us, when considering moving, was the high calibre of regulation in the Island. We’re managing valuable intellectual property, so it’s important for us to know that we are based in a secure, stable, reliable jurisdiction, with regulatory standards and good robust laws that are respected the world over.”
Richard Parkinson (Co-founder SM2 Seabed Minerals)
If you would like to know more about moving your Natural Resources, Renewable Energy or ancillary business to Jersey, please see Moving to Jersey as a Business, where you can find out more information on the application and process or contact a member of the team on +44(0)1534 440604 or firstname.lastname@example.org
Strategically positioned between the UK and Europe, Jersey opens up a world of connections.
- Enviable quality of life and work-life balance
- Highly regarded and well-regulated international jurisdiction
- Safe, secure community lifestyle
- Low personal and business taxes
“Together with advanced communications, the highly regarded judicial system, and an open progressive attitude towards business development, makes Jersey an excellent location for Randgold Resources' corporate office. Jersey's proximity to European cities, offering good connections to our sites in Africa, is also proving invaluable.”
Graham Shuttleworth - Finance Director, Randgold Resources