The Channel islands Investor Visa Programmes
The Channel Islands are an archipelago of eight islands located in the English Channel, west of France. The most well known of the islands are Jersey and Guernsey, which both offer popular tax regimes. Whilst the islands are not strictly contribution of the United Kingdom, they are dependencies of the british crown and part of the Common Travel Area agreement with the UK and Ireland .
Jersey High-Value Residency Programme
Jersey ’ s High-Value Residency program is attractive for high net worth investors looking to benefit from the Islands favorable tax regimen. Applicants must be able to prove they earn a annual income of a minimum of £725,000 and can therefore contribute at least £145,000 in annual tax payments. Alongside this, applicants will need to make a real estate investment, generally in excess of £1.75 million. Residents of Jersey are taxed at 20 % for the first £725,000 of worldwide income, with a 1 % tax charge for any income above. The island does not have inheritance, wealth, corporate, or capital gains tax, making it a democratic tax seaport for the affluent. Jersey residents benefit from unexclusive travel within the Common Travel Area ( CTA ), which includes the UK, Ireland, and The Isle of Man. After holding residency in Jersey for five years, applicants can apply for Permanent Residency and British Citizenship and a UK passport after a total of six years. For these reasons alone, Jersey ’ s program is an excellent alternative to the UK ’ s Tier 1 program.
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Guernsey Investor Immigration
Guernsey residents pay a compressed 20 % tax rate on income up to £200,000. They besides benefit from no capital taxes, no wealth taxes, no giving taxes, no inheritance taxes and no indirect sales tax. Investors looking to reside in Guernsey and benefit from their favorable tax regimen can apply by fulfilling all of the trace criteria :
- Hold at least £1,000,000 in a Guernsey bank account
- Invest no less than £750,000 in a way that is of benefit to the Bailiwick of Guernsey
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- purchase or rent a place in Guernsey of a minimum value of £750,000 .
guernsey entrepreneur immigration
There is besides an entrepreneur plan available which requires one of the play along :
- evidence of at least £200,000 in a Guernsey bank account, which applicants must be prepared to invest in an existing Guernsey business ; or
- creation of a new Guernsey business by investing a minimum of £200,000 .
Applicants are besides required to reside in a place on the island, either through leverage or rental. Please contact us for more detail information on the available programmes .