For decades, Jersey has opened its doors to a limited number of new residents - individuals and businesses attracted not only by the island’s charm and beauty but also by the many advantages to be gained from living here. Jersey is a particularly attractive location for high net worth individuals and their families who benefit from the very highest standards of living and the fiscal autonomy Jersey enjoys from the United Kingdom. The island has close proximity to Europe but is not part of the European Union.
There are no travel restrictions to Jersey for those holding a British passport or coming from a member state of the EU1. Owing to the number of potential immigrants, special housing rules have been introduced and developed to aid population control in the island and to maintain housing supply at affordable prices for current residents.
The legal framework which prescribes an individual’s residential status is embodied within the Control of Housing and Work (Jersey) Law 2012 (the “CHW Law”) and its associated regulations2.
The authorities allow restricted housing access to people who are not otherwise entitled to live in the island by granting residential status to certain categories of people. The category available to prospective new residents, whose residence is justified on social or economic grounds, is known as the ‘2(1)(e)’ status or ‘high-value’ residency’3.
Immigration to Jersey on this basis is at the discretion of the Jersey Housing Minister and there is no prescribed limit on the number of high-value residency qualifications that the Minister may grant each year. Each application is considered on its own merits, with regard to factors such as:
- the applicant’s likely contribution to tax revenues
- the business/social background of the applicant
- the applicant’s likely business activities (if any) in Jersey
- any other non-economic factors from which the island may benefit if the qualification is granted.
Successful applicants retain their residential status as long as they remain resident in Jersey. The conditions of 2(1)(e) residential status may include a stipulation of minimum purchase price or rental, and a requirement that only one property be purchased and owned at any given time.