Money flows
skilled labour force available in the island. “For cross-border investment, Jersey’s tax neutrality is vital too. It offers a simple and transparent environment that enables investors from all over the world to pool their capital in one place before it’s put to work. Tax is still paid where it’s due at the investor end and where capital is invested, but there’s no additional layer of taxation in Jersey itself.” Dr Andy Sloan, Acting Director of Strategy at Guernsey Finance, agrees that the Channel Islands offer secure and stable jurisdictions in uncertain times, which is attracting investors from across the globe.
www.blglobal.co.uk
Around 70 per cent of Guernsey funds have investors from two or more regions of the world, whether it’s Europe, North America, Asia or South America.
ROUTE INTO THE CITY “What we do is provide an environment to route capital straight into the City,” Sloan explains. “How do we do it? By providing a well-regulated, tax-transparent environment that enables investors to service their requirements. “We provide a secure, stable, solid bedrock from which to organise their financial facilities. And we offer a tax-
transparent investment platform that enables the efficient arranging and structuring of investments that can then be routed straight into the UK or elsewhere.” The Channel Islands have been proactively building relationships with markets around the world for several years, which has left them in a strong position, particularly with Brexit likely to place even greater value on global connectivity. Jersey, for example, mediates £1.3trn of assets from institutional and private investors around the world through deposits, funds, trusts and corporate structures. Around 20 per cent of that is
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