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Jersey, British crown dependency and island, the largest and southernmost of the Channel Islands, lying south of England's coast and 12 miles (19 km) west of the Cotentin peninsula of France. Its capital, St. Helier, is 100 miles (160 km) south of Weymouth, England.

What's the biggest thing about Jersey, and why is it considered a tax haven? Well, it has ZERO percent corporate tax. This is the place where Apple moved their companies (they were previously set up in Ireland).
Should you consider Jersey as a place to set up your company? Is it a good option?
Today we're covering everything that you might want to know about this famous UK tax haven.

When it comes to personal taxes you'll be paying 20%, but there is no capital gains tax.
Jersey is a small island of 97 000 people, but it's quite accessible from both UK and France.

So, being one of the most famous offshore tax havens Jersey decided to work on their reputation and wants to be ''whiter than white''. They do not want any negative PR.

This means that forming a company is not so simple, and there are multiple things involved in this process. This will increase your costs, and potentially slow down your operations.

Jersey is part of the EEA so you will have access to good payment processors, also it's not part of the VAT regime so you can get away without charging VAT, also it gives you access to some good banks. And the main thing, like we already mentioned is that it's ZERO tax.

So it certainly has a bunch of advantages, but it also has some disadvantages. Is it the right option for you? It is debatable. For the right people Jersey could definitely be a viable option.

Who are we and what do we do?

We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

We have lots of interesting articles on different topics, we have relevant information up to date.


Author: Michael Rosmer

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#Jersey #ChannelIslands #UK #TaxHaven #ZeroTax

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