Why living in jersey is good for business
There are many reasons why someone would want to live in beautiful Jersey – the sunshine, the beach, the gorgeous houses, the local community – but one reason that some may not have realised is how incredible living in Jersey can be for your business.
We’re seeing so many businesses up and move to our wonderful island of Jersey in recent years, and this is because our economy is set up to support local business best it can, with many advantages over the UK, the USA, and other countries.
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No Capital Gains Tax
Capital Gains Tax is where you sell something that has increased in value – in other countries like the UK, you would be taxed on the gain you make on things like property once you re-sell, but in jersey, you keep 100% of the profits.
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No Inheritance Tax
If you’ve ever worried about how to pass your life savings onto your children one day without them accumulating a tremendous amount of tax in the process, you can simply move to Jersey. Here, there’s no inheritance tax, meaning whoever inherits what you own gets to keep the whole amount.
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High value Residency
The rate of tax for higher earners is much better in Jersey than in competing countries. In Jersey, you pay 20% on the first £725,000 you earn, 1% on any income you earn over that £725,000, and just 20% on any income made from property. Incredible rates once compared to the rest of the Western world.
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Building Connections
With a highly-developed communications network including island-wide gigabit and 4G connectivity, excellent access to world-renowned professional service providers and a progressive attitude to the establishment of corporate offices, move to Jersey and discover an environment where businesses and people flourish.
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Established Networks
Our commercial environment is home to some of the world’s leading banks, financial institutions and law firms. First-class industry contacts and service providers are all within easy reach. Establish a business in Jersey and you are instantly at the heart of a thriving business centre.
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Jersey is a family island
Many places where it’s great to do business can also be unwelcoming towards families, but not Jersey. There are so many local events which include all the family, and the sense of community spirit is incredible. It really is a place where business and family can come together as one.
For businesses looking to move to somewhere with a welcoming economy which will reward those who do well, why not add Jersey to the list of possibilities – you won’t regret it.
If you’re relocating to Jersey, and would like to consider your options for homes, get in touch, we’re always here to help. Alternatively, we can get you a great price for your home if you’re leaving Jersey. Why not view our website for more information or give us a call today.