Jersey offers a high-value residency program that allows wealthy individuals to take up residency in Jersey, a status that can become permanent after 5 years. In the sixth year, applicants are eligible to apply for UK Citizenship.
To qualify for High-Value Residency applicants must be able to prove they earn an annual income of a minimum of 725,000 POUND and can therefore contribute at least 145,000 in annual tax payments. Applicants also need to make a real estate investment of 1.75 million pounds. Contribution to business and social community such as voluntary work, funding educational and sporting activities, cultural contribution and talents, and creation of jobs.
Jersey is not part of the United Kingdom, it is a dependency of the British crown and part of the Common Travel Area agreement. As a resident, you will gain the right to unrestricted travel within the Common Travel Area (CTA), which includes the UK, Ireland, and The Isle of Man. After holding residency in Jersey for five years, applicants can apply for permanent residency and British Citizenship, and a UK passport after a total of six years.
Eligibility and Requirements
Step 1: Gather all the documents and send them to the government in Jersey. If your application is approved, you will be issued a Jersey resident card and will be allowed to enter the country.
Step 2: Move to Jersey and buy Real Estate, , usually, within two to four weeks, your investor visa will be approved. Then make a real estate purchase of 1.75 million pounds, applicants also need to attend an interview with government officials.
Step 3: Get your Permanent Residence, to be eligible you will have to be a full tax resident on the Island. Plus you will need to spend more time in Jersey than anywhere else every year leading up to your permanent residence at least five years before applying.
Privacy World offers its services to anyone, not only looking to obtain residency and/or citizenship processes but our experts figure out legal ways to:
Privacy World can also help you with incorporating your company in Jersey, assisting in getting you settled in the country, and coordinating with you so that this experience will be less of a hassle.
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Yes, Jersey permits dual/multiple citizenships.
Yes, you will be able to bring your closest family members including your spouse and children.
Yes, you will need to spend more time in Jersey than anywhere else every year leading up to your permanent residence for at least five years before applying.
Yes, you will need to attend for an interview.
As an investor resident, you will be taxed a flat 20% rate on your first worldwide income in Jersey. Any additional income is taxed at a token 1%.
A person who is not resident in Jersey is liable to Jersey income tax on Jersey-source income, except for some specific exemptions, including Jersey bank interest, interest received from a Jersey resident company, profits, and earnings of the office of the director of a company, and dividends received from Jersey companies to the extent they are paid out of profits taxed at 0% on the company.
Individuals who are residents and ordinarily resident in Jersey are liable to Jersey income tax on their worldwide income. However, individuals who are resident but not ordinarily resident in Jersey are taxed on Jersey-source income, and overseas income is subject to tax to the extent that is remitted to Jersey.
There is no inheritance tax in Jersey.
There are no net wealth/worth taxes in Jersey.