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 part of the United Kingdom, they are dependencies of the british crown and partially 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 web worth investors looking to benefit from the Islands favorable tax government. Applicants must be able to prove they earn a annual income of a minimal of £725,000 and can therefore put up at least £145,000 in annual tax payments. Alongside this, applicants will need to make a real estate investing, by and large in overindulgence of £1.75 million. Residents of Jersey are taxed at 20 % for the first £725,000 of worldwide income, with a 1 % tax care for any income above. The island does not have inheritance, wealth, corporate, or capital gains tax, making it a popular tax seaport for the affluent. Jersey residents benefit from unrestricted 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 full of six years. For these reasons alone, Jersey ’ second program is an excellent option to the UK ’ s Tier 1 plan.
Reading: The Channel Islands
Guernsey Investor Immigration
Guernsey residents pay a bland 20 % tax rate on income up to £200,000. They besides benefit from no capital taxes, no wealth taxes, no gift taxes, no inheritance taxes and no collateral sales tax. Investors looking to reside in Guernsey and benefit from their golden tax government can apply by fulfilling all of the follow 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
- buy or rent a place in Guernsey of a minimum prize of £750,000 .
guernsey entrepreneur immigration
There is besides an entrepreneur plan available which requires one of the follow :
- evidence of at least £200,000 in a Guernsey deposit score, which applicants must be prepared to invest in an existing Guernsey business ; or
- creation of a modern Guernsey business by investing a minimum of £200,000 .
Applicants are besides required to reside in a property on the island, either through leverage or rental. Please contact us for more detail information on the available programmes .