About JERSEY
Jersey offshore banks
Jersey offshore service providers



The Bailiwick of Jersey is a British crown dependency but is not part of the UK. However, the UK Government is constitutionally responsible for its defense and international representation.
Together with the bailiwick of Guernsey it forms the grouping known as the Channel Islands. It is located off the coast of Normandy, France.

Economy
Jersey's economy is based on international financial services, agriculture, and tourism. In 2005 the finance sector accounted for about 50% of the island's output.

Potatoes, cauliflower, tomatoes, and especially flowers are important export crops, shipped mostly to the UK.

The Jersey breed of dairy cattle is known worldwide and represents an important export income earner. Milk products go to the UK and other EU countries.

Tourism accounts for one-quarter of GDP. In recent years, the government has encouraged light industry to locate in Jersey, with the result that an electronics industry has developed alongside the traditional manufacturing of knitwear.

Light taxes and death duties make the island a popular tax haven. Living standards come close to those of the UK.

GDP: purchasing power parity - $5.1 billion (2005 est.)
GDP - per capita: $57,000 (2005 est.)

Currency:
Jersey pounds per US dollar 0.5302 (2008 est.), 0.4993 (2007), 0.5418 (2006), 0.5493 (2005), 0.5462 (2004)
note: the Jersey pound is at par with the British pound.

In Jersey there is no capital gains tax, capital transfer tax, purchase or sales tax. The only significant tax is income tax which is levied on persons or 'bodies of persons' which expression includes companies.

Some incorporation benefits:
• pay no tax on income arising outside the Island.
• pay no tax on interest arising from Jersey bank deposits.
• are not subject to any capital taxes within the Island.
• make no income returns (other than for Jersey sourced income excepting bank deposit interest).
• can appoint local directors and have board meetings in Jersey.