Wealth Planning In The Next Decade – Challenges And Opportunities For Jersey

It has been said that sometimes one spends so much time looking at the door that is closing that one does not see the door that is open. For Jersey the door that is closing is the UK as the benefits of offshore structures have been almost completely stripped away for UK domiciled persons. However many benefits still exist for those who are resident in the UK but who have not acquired a UK domicile and are likely to continue, so the door may never completely close, but that source of work is not sufficient to sustain Jersey's finance industry.

Jersey saw that door begin to close and began looking for new markets some years ago. We have continually increased the strength and sophistication of our efforts to develop those new markets, particularly in the Middle East, India, China and Russia, with Jersey Finance playing an increasingly important role.