Jersey Business, Taxation and Offshore Information
Jersey Not in EU Fiscal Area
Jersey, the southernmost of the two crown dependencies of the Channel Islands, lies 23km (14 miles) west of the Cotentin peninsula in France. In nearly all respects, Jersey is self-governing. Britain is responsible for its external affairs including negotiations with the European Union; under the UK's accession treaty with the EU, Jersey forms part of the single market but is outside the EU fiscal area.
Jersey has a buoyant economy dominated by the finance sector. Unemployment is very low. The political stability in Jersey together with its consistently low tax status and its international reputation as an important financial centre make it an attractive prospect to foreign investors and workers. To protect the island's limited resources the government tends to discourage labour-intensive inward investment that is controlled by non-residents. There are no investment grants or incentives, but electronics and other knowledge-based industries have been encouraged. More »