Jersey High Value Residency

To be eligible to apply for High Value Residency you must be able to demonstrate:

• That your presence is a benefit to Jersey (economically or socially)
• The ability to generate an annual minimum tax contribution of £250,000
• Annual worldwide income comfortably in excess of £1.25 million a year

Upon successful application, you are expected to either buy or rent a high-value property, with a market value of no less than

• £3.5 million for a house
• £1.75 million for an apartment

Meeting the financial requirements is not alone sufficient to qualify. The government takes a qualitative approach to the evaluation of each applicant. Other factors taken into account include:

• Business contributions and/or voluntary work in the local community
• Sporting and/or training initiatives e.g. for educational organisations or young people
• Positive media coverage of activities undertaken (business or social).
• Potential negative media coverage, including past events outside of the Island
• Any undesirable or negative factors in your background (e.g. criminal record)
• Your family and your general lifestyle
• Past charitable contributions or work
• Skills or cultural interests which could benefit the Jersey community
• The impact your residency will have locally
• Your plans for business activity in Jersey including training, diversification, employment, and associated tax revenues.

Tax requirements

High Value Residents in Jersey must pay a minimum annual tax on income of £170,000. On the first £850,000 of income, the resident pays a flat 20% tax on worldwide income. Worldwide income above £850,000 is subject to 1% income tax.