Jersey business news and key developments in 2025

• Pillar 2 Implementation: Jersey has enacted legislation to implement the OECD's Pillar Two framework, which introduces a global minimum tax rate of 15% for large multinational groups. This will affect in-scope companies with accounting periods starting on or after 1 January 2025.
• Financial Services Focus: Jersey continues to be a leading international finance center. The government and the Jersey Financial Services Commission (JFSC) are focused on maintaining high regulatory standards and adapting to evolving global financial landscapes.
• Economic Substance Requirements: Jersey's economic substance legislation remains in effect. Companies carrying on relevant activities must demonstrate that they have sufficient substance in the island. This is a key consideration for foreign investors establishing a presence in Jersey.
• Digital Developments: Jersey is actively developing its digital infrastructure and supporting the growth of the digital economy. This includes initiatives to attract fintech companies and promote innovation in the financial services sector.
• Tax Transparency: Jersey is committed to international tax transparency standards, including the automatic exchange of information. Foreign investors should be aware of these obligations.
• Budget Measures: The government of Jersey has announced various budget measures that may be of interest to foreign investors. These can include changes to personal tax thresholds, stamp duty, and other taxes.
• Regulatory Updates: The JFSC regularly updates its regulations and guidance notes. Foreign investors should stay informed about any changes that may affect their business activities in Jersey.
• Focus on Sustainability: There is increasing emphasis on sustainable finance and environmental, social, and governance (ESG) factors in Jersey's financial sector.