Jersey is well-established as a leading offshore financial centre and has long been a key base for offshore banking and private wealth management.
As one of the Channel Islands, it operates in a jurisdiction close to but outside the UK and continental Europe, and offers a tightly-controlled regulation from the Jersey Financial Services Commission (JFSC). It is the largest and most established of the Channel Islands in terms of financial services, particularly in the fund management sector where it is a prominent player.
If you are an expatriate living and working away from your home, there may be tax advantages* to investing in Jersey and managing your wealth via an offshore account. Many banks, investment management companies and brokers have chosen the centre as a base because it is politically and economically stable.
*Please note that Citibank does not provide tax advice and investors should seek advice from a tax adviser.
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