Jersey
Finance in Jersey
Recent forum posts
-
Expanding cleaning company to US
Hi, I would be interested in knowing whether it would be a good move to expand my cleaning company to the US. How would you go about doing this?
Total Posts: 4 Last post by leeeo
-
Mt Africa l Jairos Adventure
Mt Africa is a beautiful and powerful symbol of the wild continent of Africa. It often refers to famous mountains like Mount Kilimanjaro, the highest peak in Africa. This mountain attracts many travellers who enjoy adventure and nature. Climbing Mt Africa offers stunning views, fresh air, and a chance to see unique wildlife. Many visitors also learn about local cultures and traditions during t
Total Posts: 1 Last post by leeeo
Financing a Business in Jersey
There are a number of incentives offered for small to medium sized UK businesses looking to invest in Jersey.
Government Incentives
Small Firms Loan Guarantee Scheme
Approved banks offer small firms guarantees on loans of between £5,000 and £250,000 to a maximum of 75% of the total amount borrowed. The repayment periods are between 2 and 10 years. For further information visit www.enterprise.jersey.com
Tax Incentives
The main incentive for a UK business looking to expand or open a company in Jersey is the low taxation. With taxes far lower in Jersey than the UK mainland, the financial advantages include:
- Between 0% and 20% personal income tax
- Between 0% and 30% corporate (depending on the nature of your business)
- No import tariffs
- No exchange tariffs
Private Financing
A good starting point for investigating private finance options on the island is the Jersey Enterprise website www.enterprise.jersey.com
The website offers free advice and has links with institutions including RBS, Lloyds, HSBC and Barclays. There are several banks on the island, which provide services such as loans and credit. It is advisable to consult an accountant before making any formal approaches to a bank and to make sure that you have an extensive business plan in place.
