Basel Group

Our Locations: Jersey

Jersey , at 45 square miles (117 square kilometres), is the largest of the British Channel Islands. The Island is located 85 miles (135 kilometres) south of mainland Britain and 14 miles (22 kilometres) from the coast of France. The population is around 91,000, with a significant portion of the population working within the finance and support industries. It has one of the highest figures for GDP per capita in the world.

The Island’s main language is English. The British pound (£) and Jersey pound (valued 1:1) form its retail currency, with all major currencies accepted for financial transactions. Jersey is not part of the United Kingdom, but a self-governing Crown Dependency which gives the Island constitutional rights of self-government and judicial independence with political and economic stability. These rights were granted by Royal Charter 800 years ago and are unaffected by changes to United Kingdom or European government. This offers both businesses and investors the benefits of an independent international finance centre, which is close to the United Kingdom and mainland Europe. Jersey’s legislative assembly, the States of Jersey, has total responsibility for the Island’s domestic legislation, including taxation and financial regulation.

The Island has a special relationship with the European Union, defined by Protocol. Neither a member nor associate member, the special relationship with the European Union is ratified by Protocol 3 of the Treaty of Accession of the United Kingdom to the European Community. Through this Protocol, Jersey complies with European Union Directives on trade in industrial and agricultural products, but is not obliged to implement Directives or Regulations in other areas.

Jersey is only half an hour’s flight away from London Gatwick or City airports.

The Basel Trust Group’s operating companies within Jersey, Basel Trust Corporation (Channel Islands) Limited and its affiliates, are regulated by the Jersey Financial Services Commission.