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Jersey Upbeat Following Start of Brexit

by Jason Gorringe, Lowtax.net, London
03 April, 2017

Jersey's position as an international financial center of excellence will not be affected by Brexit negotiations, says Jersey Finance, the island's financial services industry promotion agency.

Geoff Cook, CEO of Jersey Finance, said: "There is clearly uncertainty about the outcome of the Brexit negotiations, and what the relationship between the UK and EU will look like in two years' time, but for Jersey's financial services industry, trade with the EU and UK is governed by bilateral agreements which are unaffected by Brexit. Our access to European markets continues under the same terms, and we continue to be a conduit for investment into the UK and EU."

Cook continued: "For both advanced and developing economies, Jersey remains an attractive jurisdiction and provides certain market access to both Britain and the EU for financial services during the period of Brexit uncertainty."

"Fundamentally, we are in a strong position. Jersey is a world-class international finance center and uncertainty in the European market has little impact on opportunities elsewhere."

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