Jersey trusts are governed by The Trust (Jersey) Law 1984, as amended in 2006, which codified trust law largely along the lines of English-based common law, and the Trusts (Amendment) (Jersey) Law 1989. Trust company business is regulated under the provisions of the Financial Services (Jersey) Law 1998. Although Jersey law has its roots in the Norman law (a ‘Roman’ or ‘Civil’ law code), the Trusts (Jersey) Law 1984 codified an entirely ‘Anglo-Saxon’ body of trust law, resolving many uncertainties and increasing protection for beneficiaries. Subsequent amendments included the recognition of ‘purpose’ trusts in 1996 (the normal form of Jersey trusts is ‘discretionary’). This has led to an increase in corporate use of Jersey trusts.

Key Features

Jersey International Trust

Corporate Details

General

  • Type of entity

International Trust

  • Type of law

Norman law (a ‘Roman’ or ‘Civil’ law code),

  • Legal Framework

Trust (Jersey) Law 1984

  • Our time to establish a Trust

2 weeks

  • Taxation of trust assets

None

  • Double Taxation Treaty access

No

  • Change of Domicile permitted

Yes

  • Restriction on Investment of Trust asset

No

  • Succession

As per Trust Deed

Settlor

  • Requirements

Should not be a resident of Jersey

  • Qualifications

A trustee, a beneficiary or a protector of the trust.

Beneficiary

  • Requirements

Should not be a resident of Jersey

  • Qualifications

A trustee, a beneficiary or a protector of the trust.

  • Property

Should not include immovable property situated in Jersey

  • Jurisdiction

Jersey Supreme Court

  • Forced heirship applicable

No

Trust asset

  • Restriction on type/amount

No, except property situated Jersey

 Trustee   

  • Minimum number

1 if corporate and 2 or more if not corporate

  • Qualification

No domestic trustee is required

Accounts

  • Requirement to file

Yes

  • Publicly accessible

No