About High Value Residency (HVR) in Jersey The HVR programme is a route to residency for HNWIs looking to live and/or work in Jersey. Applicants for high value resident status must also show that their residency in Jersey will benefit the island in some way. 2.1 The High Value Residents (“HVR”) regime is alongstanding part of Jersey’s immigration and tax policy. Under the special regime for high value residents under the Income Tax (Jersey) Law 1964, such residents are taxed at 20% on the first £625,000 of worldwide income and 1% on other worldwide income. Kevin is the Director of High Value Residency with the Government of Jersey, Channel Islands. For a free and confidential chat about the HVR program, contact a member of the team on locatejersey@gov.je or +44(0)1534 440604. Why Jersey? The Population Office normally requires that you buy or lease a high value property. Strategically positioned between the UK and Europe, Jersey opens up a world of connections. You should, ​​your contribution to tax revenues is in accordance with Article 135A of the Income Tax Law, your residency in Jersey will benefit the Island in some way (usually business or socially), you'll need to show that you have annual worldwide earnings comfortably in excess of £725,000 per year, and this must be sustainable income. The principles of management and control in Jersey are the same as those in the UK so English case law is very relevant. Click here to find out more about high value residency. Please note any income earned from land and buildings in Jersey, or dividends paid from a company in receipt of Jersey property income, is taxed at 20%. The regime attracts HVRs to relocate to the Island with corresponding economic benefits which were previously externally estimated to be worth as a minimum between £50m and £70m in 2010.1 Ogier's High Value Residency Team can assist with the legal and regulatory aspects of your relocation to Guernsey, the acquisition of your property, estate planning and if required the set up of related businesses in Guernsey. Please see Residency & Immigration for full details on residential statuses in Jersey. Space to thrive for your family & your business, Criteria & Applications For HNWI Relocation, Practical Information for Moving to Jersey, Enviable quality of life & work-life balance, Highly regarded & well-regulated international jurisdiction. £625,000 per year. This includes postive images such as sporting or educational achievements, and negative images relating to past business practice​, cultural interests or skills that have benefited a local community which could benefit Jersey, general lifestyle and family circumstances, including past charitable work and contributions, any clear undesirable factors in your background, such as a criminal record. Individuals who have been in Jersey for 6 months or more in any one year; this includes anyone who visits the island on a temporary basis, even if they do not have the view to establish residence in Jersey. Jersey’s government launched its residency programme in order to attract investments from highly skilled and economically active individuals and grant them residence status in exchange for their social and/or economic contribution to the community. High value residents can apply for entitled status, which is granted by the Chief Minister if he/she is satisfied that doing so will have a social or economic benefit, and is in the best interests of the community. Under the special regime for high value residents under the Income Tax (Jersey) Law 1964, such residents are taxed at 20% on the first £625,000 of worldwide income and 1% on other worldwide income. The programme allows the individual to move to Jersey as an Entitled resident which gives access to the housing and work market. The Chief Minister can grant 'entitled' status to a high value resident if he is satisfied that doing so will have a social or economic benefit, and is in the best interests of the community. High Value Residency 2(1)(e) PROPERTY SALES The service that we provide is unique and has developed over the years to offer you access to the island’s finest homes, some of which are not available on the open market but are offered on a strictly ‘discreet listing’ basis. Those who are approved are able to access a specific tax rate of; 20% on the first £725,000 of worldwide income and additional 1% on any worldwide income above this. Applicants for high value resident status must also show that their residency in Jersey will benefit the island in some way. ... We work with all Jersey’s real estate agents and with some private vendors whose homes aren’t on the market, so we have access to all available properties in Jersey. 20% on the first £725,000 * (currently equivalent to £145,000) Information and public services for the Island of Jersey, L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri. Wendy Lambert, Stephen Crane and Michelle Leverington have written a briefing note on High Value Residency in Jersey and Business relocation to Jersey.. Introduction Jersey in the Channel Islands, is situated between England and France. ​If you are granted 'entitled' status, you may buy or lease property in Jersey as your main place of residence here. Browse the information and pages below to find out more about High Value Residency in Jersey. High quality aluminium windows and doors At Emerald we are proud to say that all of our windows and doors are manufactured locally. We are responsive, professional and discreet and are well known for our first class service. £125,000 — Pay taxes to Jersey per annum To qualify for Jersey residency, you will have to prove that you will contribute at least an annual £125,000 in taxes. BENEFITS TO THE ISLAND. Applicants for high value resident status must also show that their residency in Jersey will benefit the island in some way. The Jersey High Value Residency scheme is not the cheapest solution in Europe, but the island has a lot to offer. According to the New Jersey instructions: A Resident of New Jersey is an individual that is domiciled in New Jersey for the tax year or an individual that maintains a permanent home in New Jersey and spends more than 183 days in the state. HNWIs who are approved will need UK immigration clearance to be able to live and work in Jersey. It is not a citizenship by investment scheme. Under the special regime for high value residents under the Income Tax (Jersey) Law 1964, such residents are taxed at 20% on the first £625,000 of worldwide income and 1% on other worldwide income. Chelsea FC owner Roman Abramovich, who is known to have been granted high-value residency in Jersey, was named on the US Treasury list published in January. Other licences and approvals may be required depending upon the nature of the business. 'Entitled' status for high value residents​. We advise both domestic and international clients on buying and selling residential property in Jersey and provide a range of services relating to the purchase and ownership of Jersey property assets. See Tax & Contributions in Jersey for more information. Jersey welcomes applications from highly skilled and economically active HNWIs as part of its High Value Residency (HVR) programme. ROMAN Abramovich has been given permission to live in Jersey as a “high-value resident”, it has been revealed. "We were astonished by the speed and simplicity with which we were able to source our lovely home and move to the Island. In fact, from first thinking about moving to the Channel Islands to purchasing our house, took less than four months from start to finish (including obtaining our housing consent from the Government of Jersey within just two weeks)!". Those prospective residents, to whom a limited number of … Our High Value Residency Team has a leading reputation. With advice and assistance tailored to each individual situation, Locate Jersey is on hand to help you through every step of establishing your new life in the island. Discover more about why Jersey maybe the right move for you, your family and your business. Applicants for high value resident status must also show that their residency in Jersey will benefit the island in some way. For Jersey and English purposes tax residency is broadly determined by reference to where an entity's central management and control abides, being the location where the high-level strategic decisions of the company are made. Find high value residency in Jersey. The minister will take into account any likely local impact that you will have on taking up residence in Jersey. How to qualify as a high value resident. The director of high value residency at Locate Jersey will offer you help and guidance if you decide to become a high value resident. When the visit exceeds 6 months, they will become resident. News. Locate Jersey, 19-21 Broad Street, St. Helier, Jersey, JE2 3RR. Currently anyone granted high value residency in Jersey is expected to generate sufficient income so that their annual tax contribution is at least GBP100,000, (at the present rates of income tax). An individual can participate in the High Value Residency program of Jersey by applying for ‘Entitled’ status. Income tax rates of 20% apply to high-net-worth individuals establishing residency in Jersey. Generally, this ​is either a property valued in excess of £1.75 million or a property previously designated as a '1(1)K Category' property under the Housing (Jersey) Law 1949 (now superseded by the Control of Housing and Work Law)​​.​, If you apply to become a high value resident, you must meet the following main criteria:​, ​The minister may also take into account any:​. The 51-year-old Chelsea FC … The HVR programme is a route to residency for HNWIs looking to live and/or work in Jersey. Discover a true work-life balance in a high quality location and experience peace of mind for yourself and your family. Worldwide income for Jersey residents is taxed at 20% for the first £625,000 of income, and at 1% for income above that. If you apply to become a high value resident, you must meet the following main criteria: your contribution to tax revenues is in accordance with Article 135A of the Income Tax Law; your residency in Jersey will benefit the Island in some way (usually business or socially) Maritime HouseLa Route Du Port ElizabethSt HelierJerseyJE2 3NW, This website is not compatible with your web browser. Choose the service you want to log in to: Clear goods through customs or claim relief, View or update your States of Jersey job application. The minimum tax payable on your income is £145,000 per year, however this does not guarantee your high value residency status, Condition reports for landlords and tenants, Housing for people with 'registered' status, Update your contact details with Government departments, voluntary work or business contribution to the local community, training or sporting ini​tiatives particularly aimed at youth or educational organisations, actual or potential media coverage of any activities that involve your business or social life. Under the special regime for high value residents under the Income Tax (Jersey) Law 1964, such residents are taxed at 20% on the first £625,000 of worldwide income and 1% on other worldwide income. High Value Residency A wonderful island home (with tax benefits) There’s more to life than saving money. We can advise and assist you through every step of relocating to Jersey as an HNWI from the initial enquiry to support for your application and helping you integrate into your new home through our aftercare services. About Kevin is the Director of High Value Residency with Locate Jersey, part of the Government of Jersey, Channel Islands. A Nonresident of New Jersey is an individual that was not domiciled in New Jersey. If you want to know more about moving to Jersey under housing regulation 2(1)(e) you can find information about the application process: Relocatin g your business and high value residency (Locate Jersey) You can also find more information about taxation in Jersey including: personal tax; high value residency Join LinkedIn Summary. The purchase and occupation of all residential real estate in Jersey is controlled by the Jersey government, through its housing committee. Applicants for Jersey’s High Value Residents program will face increased costs this year, after the Channel Island raised the minimum income tax payment for HVRs from 125,000 pounds ($175,200) to 145,000 pounds ($203,232), and introduced further inflation-based increases on … Jersey is one of the Channel Islands at the coast of Normandy, France. It is not a citizenship by investment scheme. Fundamentally, only persons possessing Jersey Housing qualifications are granted consent to purchase a property. HNWIs who are approved will need UK immigration clearance to be able to live and work in Jersey. High-Value Residency Regime The purchase and occupation of all residential real estate in Jersey are controlled by the Jersey Government, through its Housing Committee. The individual did not spend more than 183 days in the state even if a permanent home … Kevin acts as an ambassador for Jersey, leading and directing the marketing and promotion of the Island as an attractive location for high net-worth families. By Ian Heath author . Inward investment is encouraged by the Jersey Government and if a High Value Residency application is approved, approval for a business licence will usually follow. Get in touch with Locate Jersey If you are a HNWI, for a confidential, no-obligation discussion about moving to Jersey as a High Value Resident, contact Kevin Lemasney via k.lemasney@gov.je or by calling +44(0)7797 783457. Locate Jersey Locate Jersey is a States of Jersey department which The minister will also ask about your plans for further business activities in Jersey, future local employment, training, diversification and any potential resultant increased tax revenues. Information about locating to Jersey. 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