Jersey residence permit for investments in the economy and real estate
The investor's residence permit in Jersey is an opportunity to move to an island located in the English Channel. The territory is not part of the UK, although it provides its residents with visa-free travel to the United Kingdom. The island is known not only for its picturesque scenery and mild maritime climate but also for its favorable tax system, making it an ideal location for business people. Investing in Jersey real estate allows you not only to obtain a residence permit but later to apply for citizenship.
Requirements for obtaining any types of residence permit in Jersey:
- The minimum annual tax contribution must be at least £250,000.
- The applicant must have a stable income of at least £1,250,000 per year.
- Active participation in the social and economic life of the island, such as volunteering or funding education and sports projects, contributing to cultural development and talent support, creating jobs or providing training for the local community.
When applicants get a residence permit in Jersey, they must rent or purchase a property worth at least £1.75 million, which is approved by the Population Records Office. In the case of renting, it is mandatory for the holder of a residence permit to purchase their own home no later than two years from the date of the documents. Its cost must not be lower than the amount specified as a condition of participation in the residence permit programme.
Requirements and conditions to get residence certificate in Jersey
In order to obtain a permanent resident card in Jersey, investors must meet a number of financial and social requirements:
- They must pay annual taxes of at least £250,000.
- Annual income must be between £1,250,000 and £1,250,000.
- Having no criminal record and reaching the age of majority is another mandatory point for those planning a move to Jersey.
Successful applicants are required to obtain a social security number and registration card, which entitles them to long-term residency on the island.
Jersey investment programme
Programme conditions
Compliance with the material programme conditions mentioned above is not a guarantee of application approval. Active involvement in the community life of the island is also required, including funding projects in education or sport, volunteering or creating jobs for the local community. Applicants must also purchase or rent a property valued at £1.75 million or more in the case of an apartment. The price of a house must exceed £3.5 million. To support the local community, those planning a permanent move to Jersey can contribute to local cultural or educational initiatives, thus contributing to the overall development of the region. In addition, investors need to prove they are financially stable and have sufficient funds to support themselves and relatives without the right to work for other family members.
UK Citizenship
Those planning to obtain a residence permit can later apply for citizenship in Jersey. To do so, you must live on the island for 5 years, obtain permanent residency status and after a year submit the necessary documents to apply for a passport in Jersey.
