Geoff Cook, the CEO of Jersey Finance, is in India this week to further develop its commercial trade ties with India and to highlight Jersey’s finance industry’s strengths and regulatory and legal standards. Over the years, Jersey as an International Finance Centre, has become a customary gateway to European investment and wealth management with its high quality expertise and experience. In November 2011, Jersey signed a Tax Information Exchange Agreement (TIEA) with India, which established closer relationships with the Indian market. This was the 25th TIEA signed by Jersey.
Jersey is an Island close to the coast of northern France, but still a part the British Crown. The Island, which is a self-governing democracy, with one of the oldest parliaments in the Commonwealth, has developed a thriving financial services industry over the last 50 years, with particular strengths in banking, funds, private wealth management and capital markets. Jersey has no banking secrecy laws and it has been recognised in recent years as a well regulated centre by international bodies, such as the IMF, Financial Stability Board and OECD.
Jersey signed a Memorandum of Understanding (MoU) with the Reserve Bank of India in July 2012. This has led to further strengthen the relationship between the two jurisdictions and supports business opportunities for Jersey, as Indian businesses look to expand internationally and access capital on foreign exchanges.
Jersey Finance is sponsoring and participating in the International Taxation Conference on 6th December in Mumbai, where Geoff Cook, Chief Executive, Jersey Finance will be presenting on “Jersey – A Centre of Quality and Substance” covering Jersey’s strengths in Capital Markets activities using Jersey companies to list on international stock exchanges and also on Jersey’s private wealth expertise and experience which offers flexible estate and tax planning structures, protection of assets and confidentiality.
Richard Teather, Senior Lecturer – Bournemouth University, will be co-presenting with Geoff on “Demonstrating substance: applying case law in an offshore context”.
Geoff Cook, Chief Executive, Jersey Finance Limited commented: “Jersey has been strengthening its bonds with India since the mid-1970s; not only in the finance sector but also in the fields like IT and the socio-cultural sphere. The robust regulatory regime in Jersey has been instrumental in instilling confidence in the Indian business communities and the Government of India. This has resulted in the signing of TIEA, and the MoU with the Reserve Bank of India.”