Jersey’s Government has this week approved the introduction of provisions which allow Jersey to launch new International Savings Plans (ISPs).
Effective from 1 January 2019, the new plans, which have been approved by the Jersey tax authorities, enable multi national and international companies to set up savings plans in Jersey for non- resident employees. It is anticipated that the product will have a particular appeal in the Gulf region, which is already a key market for Jersey’s finance industry and where there is a strong demand for such schemes.
The ISPs are designed to be tailored to meet the needs of employer ...