Applications for high net worth residency (FOI)
Applications for high net worth residency (FOI)Produced by the Freedom of Information office
Authored by States of Jersey and published on 06 July 2016.
Could you please tell me how many people applied for, and were later given, 1.1k status or high net worth residency, each year from 2010 to as recently as possible?
The table below reflects the total number of applications received, approved and refused, in relation to Entitled status under Regulation 2(1) (e) of the Control of Housing and Work (Residential and Employment Status) (Jersey) Regulations 2013, for each of the years from 2010 to date.
|2016 (to 30 June 2016)||8||7 (*1 pending decision)||0|
High net worth applicants engage with Locate Jersey prior to formal application and will go through a detailed due diligence process in order to obtain their Entitled residential and employment status.
This includes submission of a personal, business and financial profile to confirm the applicant's background, net worth and ability to satisfy the required minimum tax liability of £125,000 per annum.
Consideration will also be given to any risk or reputational issues for Jersey. This provides a high degree of assurance over the course of the process.