Industry Consolidation: As RIF and Latitude Merge, Are We Seeing the Start of an M&A Trend?
Executives of Dubai-based RIF Trust Investments and Jersey’s Latitude Consultancy have announced they will be merging the two young firms
The largest of the channel islands, Jersey is home to about 100,000 Jèrriais. A peaceful, safe, and low-tax jurisdiction situated in the English Channel, the island has been a favorite retirement destination for European HNWI for decades.
The High Value Residency program allows wealthy individuals to take up residency in Jersey, a status that can become permanent after five years. In the sixth year, participants are eligible to apply for UK Citizenship.
No investment or contribution is required but applicants must demonstrate a very high level of income and wealth.
Program Type | Independent Means Visa |
Time to citizenship | 6 years |
Time to permanent residency | 5 years |
Minimum investment | None. Proof of sufficient income and wealth required (See How to Qualify) |
Physical presence requirement | 185 days a year |
Application processing time | 2-4 weeks |
Citizenship grants visa-free travel to | (UK Passport) 187 destinations, including Schengen countries |
Contribution types available | No contribution required |
General program requirements
To be eligible to apply for High Value Residency you must be able to demonstrate:
The ability to generate an annual minimum tax contribution of £145,000;
Annual worldwide income comfortably in excess of £725,000 a year; and
Personal wealth of more than £10m.
Upon successful application, you are expected to either buy or rent a property valued at no less than £1.25m. Though you need not purchase a property immediately, you are expected to do so after two years, to demonstrate your commitment to Jersey.
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; and
Your plans for business activity in Jersey including:
Training;
Diversification;
Employment; and
Associated tax revenues.
Program benefits
Requirements to qualify for citizenship
The permits have a one-year validity and are renewable indefinitely. Following five years of continuous residency, the applicant may apply for Indefinite Leave to Remain (permanent residency). After holding ILR for 12 months, the applicant may apply for citizenship.
Legislation upon which this program is based:
Article 135A of the Income Tax Law
No statistics available yet for this program.
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Executives of Dubai-based RIF Trust Investments and Jersey’s Latitude Consultancy have announced they will be merging the two young firms
There’s a new residence and citizenship gang in town, and they’ve got big plans to disrupt the investment migration industry.
Programs that offer citizenship within months in exchange for investments or donations, with minor/no physical presence requirements.
Programs that offer citizenship in exchange for investments following a 1-2 year period, with minor/no physical presence requirements.
Bulgaria Investor Program (discontinued)
Malta MEIN
Programs that offer residence permits within months in exchange for passive investments, with limited physical presence requirements.
Andorra Residence Without Lucrative Activity
Anguilla Permanent Residency Program
Australia BIIP Investor Streams
Bahamas Economic Permanent Residence
Barbados SERP Program
Bermuda Economic Investment Certificate (EIC) Program
Brazil Investor Visa (VIPER)
Cambodia My 2nd Home
Cayman Islands Investor Visa
Colombia Investor Visas M and R
Costa Rica Investor Visa
Curaçao Investor Permit Program
Cyprus Golden Visa
Georgia Investor Visas
Greece Golden Visa
Guernsey Investor & Entrepreneur Residency
Ireland Immigrant Investor Program (discontinued)
Italy Investor Visa
Latvia Investor Visa
Luxembourg Investor Visa
Malaysia M2H Visa
Malta Permanent Residence Program
Mauritius Permanent Residency Program
Monaco Carte de Séjour
Netherlands Investor Visa
New Zealand Investor Visa
Nicaragua Investor Permanent Residency Program
Panama Qualified Investor Visa
Philippines Special Investor Residence Permit
Portugal Golden Visa
Russia Investor Visa
South Korea Investor Visa
Spain Golden Visa
Taiwan Golden Visa (APRC Plum Blossom Card)
Thailand Elite Residence Program
UAE Golden Visa
UK Investor Visa (discontinued)
United States EB-5
Programs that offer residence permits within months to those who can demonstrate income or personal wealth above a certain level, usually requiring that the holder not take up employment locally.
Argentina Rentista and Pensionado Residency
Austria Independent Means Visa
Barbados Welcome Stamp
Gibraltar Category 2 HNWI Residence
Greece FIP Visa
Indonesia Retirement Visa (KITAS)
Ireland Independent Means (Stamp 0)
Italy Elective Residency Visa
Jersey High Value Residency
Mexico Legal Residency Visa
Nicaragua Pensionado and Rentista Visas
Panama Rentista Retirado Visa
Paraguay Permanent Residency Program
Portugal D7 Visa
Spain Non-Lucrative Visa
Uruguay Independent Means Visa
Programs that offer residence permits within months to those who physically relocate to start and/or run a business. Startup and entrepreneur visas fall under this category.
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