North America | Markets | Jersey Finance

In brief Jersey is the ideal gateway to Europe for US fund managers. In the past five years, assets under administration in Jersey by US promoter origin were up 198%.

Access to Europe through the National Private Placement Regimes using a Jersey manager is a well-established model offering clear advantages. Watch our US video to learn more. A recent amendment to Jersey’s legislation means that it is now significantly easier for managers to migrate limited partnership fund structures to Jersey. Read our factsheet on migrating limited partnerships. We also have a more general factsheet for US fund managers on how Jersey is a gateway to Europe, as well as a ‘Jersey for US Fund Managers’ brochure.

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A Global Hub

For decades, Jersey has set itself apart as a reputable, centrally located jurisdiction for investors from key global markets. Jersey provides excellent third country access to the EU market through the use of NPPR to non-EU countries.

Speed to Market

The process, including regulatory applications and approvals, takes weeks not months, with the regulator committing to approve this type of fund launch in six weeks.

Cost effectiveness

offers better returns: Jersey’s streamlined regulatory regime can result in lower running costs and higher investor returns in a jurisdiction free from value added tax (VAT).

Regulatory certainty and innovation

The JFSC is an approachable, globally respected and co-operative regulator, supervising pragmatic regulation that meets international standards (the International Monetary Fund, the International Organisation of Securities Commissions, the European Securities and Markets Authority and the Financial Action Task Force).

Tax simplicity

Jersey offers a tax-neutral environment with no VAT or capital gains tax (CGT) and is not reliant upon a complex system of tax rulings, exemptions and deductions, hybrid financing or double tax treaty networks.

Political and economic stability

Jersey is a politically and fiscally autonomous and stable British Crown Dependency with a secure, special relationship with the United Kingdom (UK), but outside of the UK and outside of the EU. We are therefore perfectly positioned post Brexit, as the UK and EU work through the semantics of their new Trade and Cooperation Agreement and become accustomed to their new working arrangements, and beyond.

Remuneration

To obtain a full AIFMD ‘passport’ in Europe, the manager is required to disclose remuneration details of key employees including partners. If a US manager does not need to market on a pan-European basis, there is no great benefit to an AIFMD passport and a lighter approach is permissible under the NPPR.

Our work in the North America region

Fund managers find Jersey’s forward-thinking funds regime highly attractive when seeking to market into the EU via the popular path of National Private Placement Regimes
We’re able to work within a range of finance disciplines, sensitive to local dynamics, economies and cultures. Compared with other IFCs used from North America, we offer a breadth of choice and sophistication, with clients attracted by the quality of Jersey’s fund administrators and that of our regulatory framework
We support inward and outward foreign direct investment (FDI) and are the tax neutral jurisdiction of choice for structuring investment into the UK and EU
We assist in family wealth management and pre-IPO planning

Work

The Future of International Fund Domiciliation 2021

This report sums up research conducted by IFI Global, and supported by Jersey Finance, to explore post-pandemic fund domiciliation trends. It’s based on the views of alternative managers, law firms and advisors from across North America, Europe and Australasia, including some of the world’s largest investors in alternatives.

Learn more ›

Working Together

Community of Interest Group

Join our North America Community of Interest Group

Our business development directors provide bi-annual updates on North America business development activities, events, visits and other marketing activities to our Community of Interest Group, which comprises of professionals in Jersey Finance Member firms who are focussed on doing business in North America.

To find out more about joining this group, please contact: jersey@jerseyfinance.je

Sectors for North America:

Funds ›