Valsen Corporate

Jersey International Trust

  • 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