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Jersey
Physical Facts |
|
| Population: | 91,533 (July 2008 est.) |
| Location: | Western Europe, island in the English Channel, northwest of France |
| Area: | 116 sq km |
| Climate: | Temperate; mild winters and cool summers |
| Transport | Air, Road, Sea |
| International Direct Dialling prefix: | 44 |
| Internet Country Code | .je |
| Time difference on GMT: | 0 |
Administrative Facts: |
|
| Status: | British crown dependency. Queen is the Head of State and is represented by a lieutenant governor |
| Government: | Parliamentary democracy |
| Legal System: | The laws of the UK, where applicable, apply and local statutes; justice is administered by the Royal Court |
| International Court Jurisdiction: | |
| Language: | English and French |
| Education system: | Based on UK education system. Private and State schools available. There are no universities therefore for higher education students must travel to the UK Mainland. |
| UK Embassy: | |
| Residency/Working Requirements: | Individuals from outside of the UK are required to obtain a work permit. Work permits are only issued for specific vacancy and if the individual wishes to change details of their employment (new role etc) they must contact the Customs and Immigration Department. |
Fiscal Facts |
|
| Legal tender & currency: | Jersey £ and Sterling (Jersey pounds = Sterling £) |
| VAT: | N/A |
| Sales Tax: | 3% (rate guaranteed until may 2011) |
| Banking: | International |
| GDP: | US$5.1 billion in 2005 |
| Minimum wage: | £5-6 per hour |
| Financial Services Regulation: | Jersey Financial Services Commission |
| Financial Services Regulation Contact Details: | Jersey Financial Services Commission (44 1534) 822 000 (44 1534) 822 001 info@jerseyfsc.org |
Tax Facts |
|
| General: | Jersey does not generally enter double-tax agreements, but has treaties with the UK and Guernsey, and a limited treaty with France. It does not have general information sharing treaties but applies a withholding tax (15%) to the returns on personal savings for EU residents. |
| Corporate Tax: | 0% |
| Individual – resident: | 20% (To be resident must have an income of in excess of £500,00 per annum) |
| Individual – non-resident: | Taxed on Jersey income only (but not on Bank interest) |
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