How Does the Banking System on the Island of Jersey?

Jersey is located near the northwest coast of France (20 km) and at a distance of 160 km to the south of Britain. It is the largest of the Channel Islands, an area of ​​116 km2, and the number of people - 86,000 people; official languages ​​are English and French. The island attracts many tourists because it is a very quiet place with very low taxes.

Offshore business in Jersey

The island is considered to be <tax havens>, as the taxes for companies registered there really are very low. Guernsey is an associate member of the EU and its foreign trade is controlled by the United Kingdom, whereas the internal affairs are regulated only by the independent external chamber, so that EU laws on the island do not have the strength. The major components of the island's economy are the financial and banking sector. Indeed, being between Britain and continental Europe, they are a zone of economic activity and political stability, as well as side by side with the London Stock Exchange (LSE) and with the Exchange Euro Next in Paris. The banking system of Guernsey ensures security and confidentiality of the low taxation.

Benefits of opening an account in Jersey

That said, it can be argued that this is an excellent place for business or for investment. Local banks concerned about the privacy of our customers and offer a full range of quality banking services. Different currencies, as well as belonging to the developed European economy - a guarantee for your peace of mind and develop your business.And yet, what exactly is the European   banking system?