In the latest publication of the Global Financial Centres Index (GFCI), Jersey has retained the number one ranking amongst offshore jurisdictions. Jersey is the only offshore jurisdiction to be included in the top 30 International Finance Centres (IFCs).
Jersey maintained a ranking of 28 from the previous index published six months ago. This is compares favorably to competitors such as Guernsey (ranked 36), Cayman Islands (39), Isle of Man (41) and Malta (53). The Index, which is topped by London, New York and Hong Kong, was first published in 2007 and tracks movements in the competitiveness of financial centres around the world.
The Index reports that the overall offshore sector had performed better than in the previous edition and that North America, Africa, the Middle East and other offshore centres had rated Jersey more favorably than in the previous index.
Jersey’s fine reputation is largely because it has shown great commitment to meeting International standards and the regulatory regime has been recognized by leading bodies, such as the World Bank, the OECD and the IMF.
The full report can be read by clicking on this link.
Jersey AVS Corporate Services Limited specialise in introducing people with financial requirements to the most suitable financial services businesses. We regularly help family offices and HNWIs find the best service for their specific needs, in Jersey and other jurisdictions. More information can be found at www.jerseycs.com.