Top 5 offshore financial centers
- By Zhang Junmian
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china.org.cn, November 23, 2011
Jersey 泽西
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Jersey, an island in the English Channel off the coast of Normandy, is recognized as the highest-rated offshore international finance center providing wealth management and private banking services. [dxing.at-communication.com] |
Today, the funds managed by the financial institutions in Jersey total about £200 billion (US$315 billion). The jurisdiction is especially specialized in offshore trusts. It now owns about 50 of the world's top 500 banks and more than 200 private trust companies. Presently, over 20 of the more than 80 Chinese mainland companies listed in the London Stock Exchange are registered in Jersey.
Companies registered or headquartered in Jersey are exempted from paying the corporate tax, stamp duty, interest tax or dividends tax. Those registered there can go public in the United Kingdom as well as in Europe, America and Hong Kong. Jersey's rapid development as an attractive offshore jurisdiction is attributed to factors including special geographical location, legal system, low tax regime, low registration cost, and high security. Generally speaking, it only takes one to three days to complete the corporate registration processes there.
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