With an established reputation for attracting successful businesses and entrepreneurs to its beautiful shores, Jersey is a location for those who want to be based in a thriving business environment. If you would like to know more about establishing your business in Jersey, please see Moving to Jersey with Your Business or contact a member of the team on +44(0)1534 440604 or firstname.lastname@example.org
R&D, Medical and Biosciences in Jersey
Jersey is an increasingly popular choice for businesses operating in R&D, medical and biosciences. These sectors benefit from the Island’s strategic geographic position, international reputation as a centre of global operations and its reputation as a regulated and compliant jurisdiction. As a result, the Island has an emerging community of established business which operate in these areas.
The Island values education and experience and so the local workforce has many highly qualified individuals with diverse skill sets. You can be confident you will find the right individuals from the wealth of talent available.
Move your R&D, medical bioscience business to Jersey and watch your business and credibility grow with your quality of life, in an independent and secure jurisdiction, with superfast networks which exceed even the largest of cities.
If you would like to read the latest news or learn more about life in Jersey, why don’t you check out our News and Blogs section. You can also find relocation stories of other businesses who made the move in our Relocation Stories section.
Research and Bioscience Laboratories
Although its less well known than some of Jersey’s larger industries, the Island can boast its credentials as a growing hub for world-leading and innovative laboratories specialising in a variety of disciplines and techniques. These international companies utilise the Island’s super-fast broadband to connect remotely with labs and scientists across the world and find benefit in the Island’s highly educated workforce and unparalleled transport connectivity.
The Island is home world-leading laboratories in biochemistry, mass spectrometry, material forensics, criminal forensics, probiotics, microbiomes mediated solutions, galacto-oligosaccharide (GOS) technology, chromatography, electrophoresis, remote radiology consultancy, and the structural and physicochemical characterization of biopharmaceuticals. These labs not only test and research potential new innovative techniques but also develop products on-Island many of which reach global success.
Excellent, local training opportunities are also offered within many of these international R&D companies, which is further growing the skills pool locally and creating new opportunities with labs and scientists across the world.
It’s not just Jersey’s exceptional infrastructure that has attracted many of these businesses but also the Islands unique selling point – its quality of life and beautiful environment, which many business principals and ‘thinkers’ have claimed it has allowed them to think more creatively enabling the imagination of new techniques and products.
“We are able to continue our academic and business life to its full and yet we can live in a beautiful, calm, peaceful location in order for my brain to work creatively and productively, I find that I need to be away from the claustrophobic hustle and bustle of city life. One of the best things about our move to Jersey has been the fact that I am able to enjoy an uncluttered mind – there is nothing like a stroll along a vast, sandy beach or a brisk walk along the blustery cliff tops to clear out the mental muddles and optimise my thought processes!” – Anonymous
With major financial centres only a short flight away, moving to Jersey puts you at the heart of world-wide 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!
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 EU and the International Monetary Fund (IMF), the Island’s well-regulated business infrastructure ensures that you will have peace of mind when you move to Jersey.
Unspoilt beaches. Clean and pure sea air. Fabulous restaurants. High-quality leisure facilities. 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.
Jersey is an environment where people and businesses flourish. Here you can have the work-life balance that means you can be on the beach with your family, or friends, within minutes of leaving the office making it the ideal environment in which to enjoy and share your success!
Find a new lease on life and have the lifestyle you dreamed of when you move to Jersey!
With a highly developed communications network including Island-wide gigabit 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, and where possible carry out swift and comprehensive implementation of new policy and regulation. As part of this commitment, the Island 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), in their capacity as operators of the Company Registry, 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 in the:
- manufacturing, marketing or sale of pharmaceutical goods or devices which are not licensed or have not received marketing authorisation in the jurisdiction where they are manufactured, marketed, sold or supplied
- conduct of scientific research.
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.
Sound Business Practice Policy
Jersey is very proud of its global reputation as a well-regulated jurisdiction. To further protect the Island’s reputation, we have a Sound Business Practice Policy implemented by the Jersey Company Registry which is operated by the Jersey Financial Services Commission (JFSC).
This policy applies to businesses which carry out activities considered to be potentially sensitive, and which pose a potential reputational risk to Jersey. It is not exclusive to businesses regulated by the JFSC, for example financial services, but also applies to a selection of un-regulated activities which are considered to pose reputational risk. These can include R&D and businesses within the medical field (products or services).
The Sound Business Practice Policy is designed to protect Jersey’s reputation and integrity in commercial and financial matters and aims to act in the best economic interest of the Island. The Policy supports the credibility of the businesses that it covers.
Peace of Mind for You and Your Family
Jersey has a top-class education system, with private schools costing as little as a third of that in the UK. With a comprehensive health service, and a work-life balance that means you can be on the beach with your family within minutes of leaving the office, Jersey is the ideal environment in which to enjoy your success. Living in Jersey offers peace of mind for you and your family.
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% corporate 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 business and your family.
- 0/10 Corporate Tax Regime
- 20% maximum personal tax (+1% Long-Term Care contribution)
- 5% Goods and Service Tax (GST)
- No Inheritance Tax (IHT)
- 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.
Business Environment and Economy
Our 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 R&D, medical or biosciences 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.
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 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.
“In our business dealings with global clients and suppliers we have found that basing ourselves in Jersey has only added to our credibility and reputation...Moving to Jersey has been a dream in comparison, I fly directly into London City and from there I am straight onto my connecting flight, with no overnight stays required and no time wasted. I am completely enamoured by our move to the Island.”
Graham Walters (CEO, Clasado BioSciences)
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
“We have noticed that Jersey turns out many highly qualified science students, who attain impressive degrees”
Dorothy Parker - Director, 4Insight