The Channel Islands & Isle of Man

The Channel Islands (Jersey and Guernsey) and the Isle of Man offer political stability, robust legal frameworks, and favourable tax regimes with no capital gains, inheritance, or general corporate taxes. Known for their financial expertise and high quality of life, they are ideal for family offices seeking efficient wealth management and a desirable living environment.

Table of Contents


Evaluation categories

  • Tax regulations & incentives
  • Legal & regulatory structures
  • Economy & political climate
  • Services & talent access
  • Culture & lifestyle considerations
  • Resources
  • Key numbers


    Channel Islands
    Updated on June 13, 2024


    Blending centuries-old traditions with a forward-looking approach


    Jersey, Guernsey, and further, the Isle of Man, are esteemed for their political stability, robust legal frameworks, and competitive tax environment – the islands offer an appealing proposition for family offices looking to optimise their wealth management strategies and are well-known for their competitive tax policies.


    With a heritage steeped in maritime history and finance, the islands have each evolved into global finance hubs, attracting businesses and individuals from around the world with their high-quality services and commitment to innovation and excellence.

    Notable: A Cultural Blend

    The Channel Islands are renowned for their exclusive blend of British and French cultural influences, landscapes, and mild climate, making them a desirable location not just for financial services but also for a high quality of life.

    Further, Jersey, Guernsey, and the Isle of Man’s reputation for financial expertise, particularly in trust and fund administration, private wealth management, and banking, stands out as a notable feature.

    The islands’ commitment to privacy and security significantly enhances their appeal to high-net-worth individuals and family offices.

    People to know

    Miles Le Cornu
    Wealth Structuring
    Miles Le Cornu

    Jersey, Channel Islands, United Kingdom

    martin stadler
    Partner & Strategic Advisor, Simple
    Martin Stadler


    These are experts from our network who deeply understand specific topics or subject matter, but can also help navigate the local ecosystem with network, connections, insights, services, and more.

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    Evaluation categories

    1. Tax regulations & incentives

    The Channel Islands offer a tax environment designed to support investment and wealth growth. There is no capital gains tax, no inheritance tax, and a general 0% corporate tax rate, making it an attractive jurisdiction for family offices and investors seeking efficient tax planning solutions. The absence of capital gains and inheritance taxes in the Channel Islands, combined with a favourable corporate tax regime, presents significant tax planning opportunities for family offices. The islands' tax neutrality for fund structures and the availability of various tax exemptions for certain types of investment vehicles further enhance their attractiveness. By leveraging these incentives, family offices can optimise their investment structures, ensuring wealth preservation and growth for generations to come.

    In Jersey, family offices operate under a beneficial tax framework that lacks capital gains, inheritance, or general withholding taxes. The island enforces a 0% standard corporate tax rate for most businesses, creating a supportive environment for investment and wealth management endeavours.

    Guernsey attracts family offices with its own set of financial incentives, including the absence of capital gains and inheritance taxes, coupled with a 0% corporation tax rate applicable to most businesses.

    The Isle of Man offers a compelling tax regime for family offices, highlighted by the absence of capital gains, inheritance, or stamp duties. However, a 10%/15% corporate tax rate applies for for income derived from banking business and retail business.

    However, some companies enjoy a 0% corporate tax rate, fostering a conducive atmosphere for investment, wealth preservation, and stimulating economic growth.

    2. Legal & regulatory structures

    The legal system in the islands is based on a mix of local legislation and English common law principles, providing a comprehensive and sophisticated legal framework for business and personal wealth management.

    The Channel Islands’ and the Isle of Man’s legal and regulatory structures offer a robust framework for the establishment and operation of family offices.

    The jurisdictions provide a range of vehicles for wealth and investment management, including trusts, companies, foundations, and limited partnerships, all supported by a legal system that promotes transparency, security, and flexibility. This environment enables family offices to structure their affairs in a manner that aligns with their strategic objectives, ensuring the preservation and enhancement of wealth.

    Jersey’s legal and regulatory framework is tailored to support the robust operation of family offices, with a strong emphasis on transparency and compliance. The jurisdiction upholds international standards, offering a secure and flexible legal environment that facilitates asset management, trusts, and private wealth structures, ensuring the protection and privacy of family assets.

    In Guernsey, family offices are governed by a comprehensive legal and regulatory structure that prioritises financial security and regulatory compliance. The jurisdiction is known for its sophisticated trust law and regulatory oversight, which provides a stable and attractive environment for wealth management activities, emphasising the safeguarding of assets and adherence to international regulatory norms.

    The Isle of Man features a well-established legal and regulatory framework that caters to the needs of family offices, focusing on financial services excellence and regulatory integrity. Its legal system supports a wide range of private wealth structures, including trusts and companies, designed to offer maximum flexibility while ensuring compliance with international financial regulations, thereby securing assets and investments.

    3. Economic & political climate

    Characterised by their stable economic and political climate, the islands offer a secure environment for investment and business activities. Their varying geographies and close relationship with the UK, yet outside the European Union, provides a unique strategic advantage.

    The economic and political stability of the Channel Islands, combined with their strategic geographic location, make them an ideal jurisdiction for family offices seeking a secure and advantageous base for their operations. The islands’ economic resilience, supported by a diversified economy and a strong financial services sector, ensures a stable environment for wealth management activities. Additionally, their political stability and autonomous regulatory regime provide a secure and predictable landscape for long-term investment planning.

    Jersey’s economic and political climate is characterised by stability, low inflation, and a high standard of living. Jersey’s economy is strongly oriented towards international finance, making it an attractive location for family offices seeking a secure and prosperous jurisdiction.

    Guernsey offers a politically stable and economically prosperous environment, with a focus on financial services as a key sector of the economy. Guernsey is similarly oriented towards international finance.

    The Isle of Man enjoys political stability, economic resilience, and a favourable tax regime, contributing to its reputation as a secure location for international business and investment. Its economy is diversified, with a significant emphasis on finance, ecommerce, and other high-value sectors.

    4. Services & talent access

    The islands are home to a highly skilled workforce specialising in financial services, legal expertise, and wealth management, providing family offices with access to top-tier talent and services.

    The availability of premier financial services and legal expertise in the Channel Islands is a key asset for family offices. The jurisdictions are home to a pool of highly skilled professionals across various sectors, including banking, investment management, legal services, and fiduciary services.

    This concentration of expertise ensures that family offices can access the sophisticated advice and support necessary for effective wealth management and strategic planning.

    Jersey is renowned for its extensive financial and legal expertise, particularly in trust and fund administration, banking, and wealth management.

    The jurisdiction boasts a large number of highly skilled professionals and law firms specialised in international finance law, setting it apart with its sophisticated legal advice and financial services. Its regulatory body, the Jersey Financial Services Commission (JFSC), ensures high standards of practice, contributing to its reputation as a premier global finance centre.

    Guernsey distinguishes itself with a robust offering in fiduciary services, investment funds, and insurance. It has a deep pool of financial and legal experts adept in catering to the complex needs of family offices.

    The Guernsey Financial Services Commission (GFSC) oversees the integrity and competence of its financial services sector. Unlike Jersey, Guernsey has developed a niche in captive insurance and alternative investment funds, reflecting its innovative approach to financial services and legal frameworks.

    The Isle of Man is recognised for its strong expertise in asset protection, insurance, and maritime services. It has a well-established community of financial and legal professionals with vast experience in serving international clients, including family offices.

    The island’s Financial Services Authority (FSA) is vigilant in maintaining high regulatory standards. While it shares similarities with Jersey and Guernsey in terms of offering comprehensive financial services, the Isle of Man stands out for its significant shipping registry and bespoke insurance solutions, illustrating its unique position in the global financial landscape.

    5. Culture & lifestyle considerations

    The Channel Islands offer more than just financial benefits; they provide a lifestyle that is both enriching and exclusive. With stunning natural beauty, a vibrant cultural scene, and a strong sense of community, the islands offer an ideal setting for families.

    The lifestyle in the Channel Islands is characterised by its blend of natural beauty, cultural richness, and community spirit. Residents enjoy a high quality of life, with access to beautiful beaches, scenic walking trails, and a variety of cultural events throughout the year.

    The islands’ strong sense of community and safety, combined with excellent education and healthcare facilities, make them an attractive location for family offices looking not only for a favourable business environment but also for a place where families can thrive.

    Jersey offers a rich blend of British and French cultures, reflected in its lifestyle, cuisine, and architecture. The island is known for its beautiful landscapes, from stunning beaches to picturesque countryside, making it an attractive destination for those who value nature and outdoor activities.

    Jersey’s climate is mild, with warm summers and cool winters, providing a pleasant setting for both leisure and business. The most apparent difference in Jersey compared to the other Channel Islands is its vibrant cultural scene, including festivals and events that celebrate its unique heritage.

    Guernsey provides a tranquil lifestyle with a strong sense of community and a slower pace of life, ideal for families and individuals seeking a high quality of life. The island is steeped in history, offering a mix of cultural influences and a variety of outdoor pursuits against the backdrop of its scenic beauty.

    Guernsey’s weather is similar to Jersey’s, with mild winters and warm summers, but it can be slightly more temperate due to its position. The emphasis on community and the preservation of local traditions and the arts are what set Guernsey apart.

    The Isle of Man has a distinct Celtic heritage, offering a rich cultural experience alongside a modern lifestyle. It’s famous for the TT motorcycle races, a symbol of its adventurous spirit. The island promotes a balanced lifestyle, with ample opportunities for sports, outdoor activities, and cultural engagements.

    The climate is comparable to the other islands, though it can experience more variability and slightly cooler temperatures. The Isle of Man’s unique blend of ancient history and contemporary living, along with its commitment to preserving its natural environment, marks its difference in lifestyle and cultural considerations.

    Service Providers


    Sotheby's International Realty

    United States of America

    Sotheby's International Realty is a real estate company that specialises in selling and buying houses and estate properties.

    innovest advisory

    Innovest Advisory

    Channel Islands

    Innovest Advisory is an impact investment advisory firm which supports public and private stakeholders in the creation and scaling of sustainable market-based solutions to global challenges.

    Key numbers

    At a glance

    Evaluate key statistics to compare The Channel Islands with other regions

    Comparison Channel Islands & Isle of Man

    Corporate Income Tax Rate


    Henley Passport Index 2023 Rankings




    What is the financial regulatory authority in Jersey?

    The financial regulatory authority in Jersey is the Jersey Financial Services Commission (JFSC).

    What is the financial regulatory authority in Guernsey?

    The Guernsey Financial Services Commission (GFSC) regulates the finance sector in both Guernsey as well as Alderney and Sark.

    What is the financial regulatory authority in the Isle of Man?

    The financial regulatory authority in the Isle of Man is the Isle of Man Financial Services Authority (IOMFSA).

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