The High Value Residency regime explained

Regime Overview

The High Value Resident Regime (“HVR” Regime) permits individuals to live and work in Jersey, subject to the following conditions: 

  • a minimum annual income of £1.25m on which a 20% tax rate is applied. This is equivalent to paying a minimum of £250,000.00 per annum in tax; 

  • a 1% tax rate is applied on any income in excess of £1.25m;  and

  • contributing beneficially to the island, e.g. philanthropic pursuits. 

Successful applicants under the HVR regime will obtain full residential and employment rights, subject to certain conditions.

Application Considerations

Applications are considered by the Government of Jersey and are also assessed on the following factors:  

  • rationale for relocation to the island, e.g. friends / lifestyle / safety / connectivity; 

  • voluntary work or business contribution to local community;

  • any cultural interests or skills which would be likely to benefit the Island;

  • past charitable work and contributions; and

  • any perceived undesirable factors in an applicant’s background, such as a criminal record.

Successful Applications 

The application process can take 6-8 weeks, however depending on the complexity of your affairs, this could take longer. Once an applicant is successful, they will generally be expected to move to the island within 6 months of being approved. Thereafter, there is an expectation that a property should be acquired within 6 months of arrival in Jersey, subject to the following minimum purchase prices: 

  • £3.5m+ for a house; or

  • £1.75m+ for an apartment.