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Matthew Thomson
Jersey Relationship Manager,
8 years old, Wantage,
Oxfordshire,
first cub camp
Jersey is well-established as a leading offshore financial centre and has long been a key base for offshore banking and international wealth management.
If you are an expatriate living and working away from your home, there may be tax advantages to investing in Jersey, and managing your wealth offshore. By holding some of your wealth outside your own country with Citi International Personal Bank, it may be possible to make the most of these advantages, while benefitting from the security of investing through a stable market.
As one of the Channel Islands, Jersey operates in a jurisdiction close to but outside of the UK and continental Europe, and offers a high level of security with tightly-controlled regulation from the Jersey Financial Services Commission (JFSC). It is the largest and most established of the Channel Islands in terms of financial services, particularly in the fund management sector where it is a world leader.
Over one in nine of the island's population are financial services professionals and many banks, investment management companies and brokers have chosen the centre as a base because it is politically and economically stable. Over £210bn is deposited on the island at one time and well over half of these funds are in foreign currencies.
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Whether or not you can reduce your tax liabilities by investing through Jersey is completely dependent on your personal and financial circumstances. These include where you live (your residence), and where you are from or pay your tax (your domicile), which may or may not be in a different country. It also depends on how you are investing and withdrawing your money – as a lump sum or as regular income for example. All of these factors have an impact but expatriates in particular may benefit from managing their money offshore through Jersey.
When you join Citi International Personal Bank as an expatriate living in the UK you get a free one-hour Tax Review with international experts Deloitte. They will look at your tax position and tell you if you could benefit from a full tax planning strategy or advice.
When you join us you become a member of one of the world's largest and most experienced financial services companies with global resources and leading financial experts to help you manage your wealth.
Accounts are available to clients wishing to invest at least US$100,000 or currency equivalent.
US expatriates living in the UK can join us and bank through Jersey, but must comply with certain restrictions on products, services and tax issues when they open an offshore account. Contact us for more information.
Our current clients live all over the world, including the countries listed below. If your country is not listed you can still contact us to discuss your application as we may still be able to help you.
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Interested in joining us?
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