Jersey Official languages: English, French Population: 88,200 Currency: Pound sterling (GBP) Time zone: GMT Sectors: Banking, Funds and Insurance.
Jersey
The Island of Jersey has evolved into a thriving international finance centre founded on political, economic, fiscal and geo-political stability. Internationally recognised legislation is supported by a proven infrastructure to allow flexibility and innovation.
The European Savings Tax Directive applies in Jersey and individuals resident in a country covered by the Directive and receiving savings interest from a Jersey source have the option of paying a withholding tax, failing which the income is reported to the tax authorities in their home country.
Jersey Financial Services Commission
The Jersey Financial Services Commission is the statutory body, established in 1998, which regulates the financial services industry. In addition to the regulation of banking, insurance and fund management companies, there is a licensing system for businesses providing company formation and management services and trustee services.
