Jersey Finance System, Offshore and Trust Companies
The Finance Industry in Jersey
Jersey, at 45 square miles (118 square km) in size, is the largest of the British Channel Islands. The Island is located 85 miles (135 km) south of mainland Britain and 14 miles (22 km) from the coast of France.
The population of 87,700 (as at the end of 2004) includes some 12,000 professionally trained staff working within finance and support industries.
The Island’s main language is English. However, due to Jersey’s cosmopolitan nature, most European languages are spoken and can be used for business transactions.
With a business day that begins before Tokyo closes and continues well into New York trading time; a close proximity to Europe but independence from the European Union; Jersey offers both location and time zone benefits.
The British pound (£) and Jersey pound (valued 1:1) form its retail currency, with all major currencies accepted for financial transactions.
The strength of the economy continues to depend in the most part on the performance of the finance industry which accounts for over 50 per cent of the Island's national income. Many firms in this sector are experiencing strong business growth, and through their employment of school leavers and other Island residents, and through their purchase of local goods and services, the benefits of that growth are being spread across the economy.
The Island offers:
- wide-ranging financial, accountancy, legal and other professional expertise
- independent and stable political and economic strategies
- internationally recognised regulation and leading edge legislation
- state of the art electronic communications
- an industry-wide selection of investment services and opportunities
