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General Information About Jersey
Jersey is the largest of the Channel Islands and is approximately one hundred and sixty kilometres south of England, but only 20 kilometres from France
- Population: The population of Jersey is approximately 82,000 and effective immigration controls exist to restrict future growth.
- Political Structure: Since 1066, The Channel Islands have been possessions of the English Crown, as distinct from colonial and overseas dependencies of the United Kingdom. Accordingly, the constitutional relationship between the Channel Islands and the United Kingdom is unique, whereby the respective legislative assemblies have the exclusive right to legislate on matters of domestic concern to the Islands (including taxation), whilst the United Kingdom is responsible for the Island's external affairs. This relationship has arisen over a period of time through custom and not through specific constitutional charter; in recent years; however, it has been subject to considerable scrutiny as a result of which it now appears to be more firmly established than before.
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- Infrastructure and Economy: Whilst the financial services sector provides Jersey's main source of income, the tourist industry continues to be important.
Air services from Jersey are excellent with services to London being particularly frequent. There are also flights to many European centres, including Paris and Amsterdam.
- Language: English is used in all aspects of the financial and commercial activities of the Island. However, French remains the official language of the Royal Court of Jersey.
- Currency: The Jersey Pound is on par with the UK Pound. The Island issues its own notes and coinage that are freely interchangeable with the UK Pound.
- Exchange Control: None.
- Type Of Law: Largely based on English Common Law, with many French features.
- Principal Corporate Legislation: Companies Jersey Law, 1991, as amended.
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Jersey Offshore Account
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Account Details
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Min Opening Amount
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£5000 or €5000 or US$5000
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£5000 or €5000 or US$5000
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US$149.00
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Yes (£ and US$)
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Credit Card
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Yes (only in £ and subject to approval)
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Yes
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Yes
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Tax Deduction
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None
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Yes (£ and €)
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Yes
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