Jersey Report 2021

Over that time, the industry has changed significantly as investor demands, capital flows, regulatory frameworks, social norms, and technology have all shaped what it means to be an international finance centre.

What has stayed constant over that time, though, is Jersey’s ability as a jurisdiction to demonstrate an entrepreneurial spirit, able to innovate and adapt to support high-quality financial flows. Jersey’s purpose – to help facilitate high-quality international investment so that capital can be put to work where it is needed most – remains as true today as it did 60 years ago.

The longevity of the ties between Jersey and governments, businesses, and high net worth (HNW) individuals in the Middle East is a testament to the common benefit for all parties in Jersey’s prominent position as an established, well-regulated international finance centre (IFC).

This close financial relationship is supplemented by strong political links between Jersey and the Middle East. Members of the Jersey Government make regular visits to liaise with their Middle Eastern counterparts. Jersey has signed full double taxation agreements with the UAE and Qatar and, in July 2020, Jersey and the UAE jointly announced their intention to negotiate and sign a Bilateral Investment Treaty (BIT).

Breaking down how regulatory technologies can help reduce risk, improve efficiency, provide competitive advantage and enhanced customer service is what we do best.

At Vaiie, we are passionate about RegTech and passionate about Jersey’s opportunity to become a centre of excellence in this space. With strong regulation, a robust digital infrastructure and a significant talent pool, as well as incredible insight into the international finance sector, Jersey is well placed to produce some of the world’s leading solutions to solve international compliance challenges.