Jersey: A safe harbour for wealth

Foreign Direct Investment
| The European | 28th October 2019
Save

In a tumultuous world where everything feels uncertain, people are understandably in search of a safe harbour, and Jersey has offered this to people and their assets for many years. King Charles II – then the young Prince of Wales – sought refuge in Jersey during the upheaval of the English Civil War in 1646 and again in 1649. Victor Hugo, famous novelist and a staunch republican, fled France, and a death warrant issued by Napoleon III, for the safety of the Channel Islands. In the 1800s wealthy residents from the United Kingdom were attracted to Jersey’s climate, amenities and, unsurprisingly, the absence of death duties.

Although over the centuries Jersey has become increasingly sophisticated as a finance centre, not a lot else has changed. To this day, the political, financial and legal stability and natural beauty of the island of Jersey attracts high-net-worth individuals to its shores, either to invest or to live. With the island’s links to London – it is a 45-minute flight and there are more than 10 flights a day – the island remains popular with individuals who want to live in this region and time zone but not reside in mainland Europe.

The island has also seen a notable increase in family offices being established here to help manage and co-ordinate the wealth of individuals, whether or not they actually move to live in Jersey. With the increasing complexity of reporting and compliance requirements, most families with significant wealth need help to co-ordinate and professionalise the management and administration of their affairs. The resources and experience of the workforce here, many of whom were born in the island or are firmly settled here with their families, mean that there is plentiful supply of highly professional and extremely experienced individuals ready to assist.

Jersey has shown its resilience during periods of upheaval in the past and the island remains committed to maintaining its reputation for stability in the future. As a community we work hard to preserve that reputation and we welcome like-minded others who value the safe harbour this beautiful island offers in these uncertain times.

Further information

www.careyolsen.com

Sign Up

For the latest news

Read On The Go

Subscribe

Get the digital edition of the Award Winning The European

subscribe for free

Download the App free today

Follow your favourite business magazine while on the go. Available on

Hard Copy

Magazine

Get your favourite magazine delivered directly to your door

£49.95 4 issues

Other Foreign Direct Investment Articles You May Like

Website Design Canterbury

Magazine

Hard Copy

GET YOUR FAVOURITE MAGAZINE DELIVERED DIRECTLY TO YOUR DOOR



Annual Magazine Subscription (4 Issues)
Shipping Options



Subscribe

Read On The Go

GET THE DIGITAL EDITION OF THE AWARD WINNING THE EUROPEAN