International Finance
The financial services industry provides 60 per cent of Jersey's Gross Domestic Product (GDP) based on the latest figures and some 60 per cent of government tax income. The finance industry is attracted to Jersey by the Island's stable government, our proximity to both the UK and continental Europe, the significant body of expertise developed by the industry in a wide range of financial services and a competitive tax environment. The industry has a 40-year track record to call on following various economic liberalisation moves in the early 1960s which encouraged establishment of the international profile the industry now presents.
Jersey is an international finance centre with 48 banks, over 30,000 registered companies and more than £210 billion deposited in the Island at any one time - 60 per cent in foreign currency. The Island also has a flourishing fund management sector with over £240 billion under administration and over £75 billion under Investment Management and a world renowned expertise in trusts with circa 180 trust companies, all regulated by the Jersey Financial Services Commission, established in the Island.
For further information on the finance industry please refer to the Jersey Financial Services Commission and Jersey Finance.
Contact details:
Martin De Forest-Brown
Director of International Finance
Chief Minister's Department
PO Box 140
The Parade
St Helier
Jersey
JE4 8QT
Tel: 00 44 (0) 1534 440420
Fax: 00 44 (0) 1534 440408
Email: M.DeForest-Brown@gov.je
