Jersey is one of the world's premier international finance centres and with the support of an experienced professional workforce, an established infrastructure, political, economic and fiscal stability and relevant regulation, the Island's finance industry is well placed for continued growth and prosperity. An English speaking Island approximately 45 square miles in size, Jersey is geographically positioned centrally between Asia and the Americas and shares the same time zone as the UK.
Political, economic and fiscal stability are the foundations upon which the finance industry in Jersey has been established. The Island is a British Crown Dependency with the constitutional rights of self governance and judicial independence. The States of Jersey has responsibility for the Island's domestic legislation, including taxation and financial regulation. There are no taxes on capital gains or inheritance and there are no death duties.
The Island is not a member of the EU although aims to comply with European standards by adopting a ‘good neighbour’ stance. Jersey has been recognised by the IMF and the G8’s Financial Stability Forum and the Financial Action Task Force for its supervision and regulation of financial services. The Island plays its full part in the battle against money laundering, organised crime and terrorist financing and has enacted legislation to help ensure that no assistance is given to such activities in the Island. A high level of regulation and supervision is upheld through the Jersey Financial Services Commission, the Islands regulatory body for the regulation and supervision of financial services.