Siobhan Riley, partner and head of Carey Olsen's trusts and
private wealth group in Jersey, outlines what has made the Island
an attractive jurisdiction for high net worth individuals and their
families.
In a tumultuous world where everything feels uncertain, people
are understandably in search of a safe harbour.
Jersey has offered a safe harbour to people and their assets for
many years. King Charles II (then a young Prince of Wales) sought
refuge in Jersey during the upheaval of the English Civil War in
1646 and again in 1649. Victor Hugo, famous novelist and a staunch
republican, fled France (and a death warrant issued by Napoleon
III) for the safety of the Channel Islands. In the 1800s wealthy
residents form the United Kingdom were attracted to Jersey's
climate, amenities and (unsurprisingly!) the absence of death
duties.
