Tag: Jersey
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Property Investment from Offshore, Using Jersey
Jersey holding companies, trusts and limited partnerships have been used by private individuals, family offices and institutional investors over many years for property investment. Jersey holding companies, trusts and limited partnerships have been used by private individuals, family offices and institutional investors over many years for property investment. The industry and structures involved in this…
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Jersey as a Financial Jurisdiction
The largest of the British Channel Islands, Jersey has been at the forefront of the financial services regulation for over 20 years and is one of the World’s leading International Financial Centres (IFC). As a jurisdiction, the Island is recognized for its strong tradition of corporate governance and its robust regulatory regime. Jersey has a…
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Jersey Tops Offshore Centers Ranking
Jersey has retained its top spot as the highest rated offshore jurisdiction in the latest biannual Global Financial Centers Index (GFCI) despite an overall fall in the rankings for the Channel Islands amid fierce onshore competition. Among offshore territories, Jersey placed highest in 28th place, next followed by Guernsey (31st), the Cayman Islands (41st) and…
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PFIC Problem for Americans with Offshore Investments
WARNING: U.S. Persons who Purchased a Retirement Plan, Savings Plan issued from the Isle of Man, Dublin, Guernsey or U.K. Life Insurance Company are holding a British Style Life Policy (lump sum or savings plan) which requires annual reporting as a PFIC and suffers annual taxes on the growth of 36.9% and huge annual penalties…
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RBC Wealth Management named Best Private Bank in the Channel Islands
RBC Wealth Management has continued its recent award success by being named the Best Private Bank in the Channel Islands at the 2012 World Finance Banking Awards. World Finance’s judging panel used a wide range of criteria to decide the recipients of the 2012 awards. These included assessing each firm’s performance, the variety and clarity…
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Statement from Geoff Cook, Jersey Finance, relating to recent comments by Ed Miliband
We have noted with disappointment the comments made by the leader of the opposition, Ed Miliband, over the weekend, in which he urges action by the EU against British Crown Dependencies, including Jersey. It is disappointing when political leaders choose to make inaccurate accusations about Jersey which do not reflect the positive contribution that Jersey…
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Jersey remains top offshore centre and climbs into top ten centres globally for wealth management in latest GFCI
Jersey has climbed two places, retained its position as the highest rated offshore international finance centre and enhanced its global reputation, according to the latest Global Financial Centres Index (GFCI) released on Monday 26th September 2011. Overall, Jersey is placed 21st in the competitive rankings, which are published every six months, ahead of Guernsey in…
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Jersey’s Finance Sector Roars Ahead
Jersey’s fund sector grew by a stunning 50% in the last year and now services more than 1,000 funds with net asset value of GBP156 billion, reports Jersey Finance. The key highlights across all sectors are as follows: Bank deposits increased by GBP3.3 billion (1.8%) to £188 billion over the first quarter of 2006. The…