Like any other undertaking which has a real presence in Jersey,
a family office will need to consider whether a business licence is
required for its operations prior to it setting up in Jersey. Where
there is a real presence in Jersey, and the family office is
employing staff in Jersey then under most circumstances, a business
licence will be required prior to the set-up of the family office.
This licence permits the family office to conduct its operations
and also to employ and engage people within the business. A
business licence may be required even if the office is not going to
employ people directly but also if it is engaging consultants or
secondees.
Separately, financial services regulatory advice may be required
on a case by case basis depending on the nature and extent of the
family office activities.
