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Jersey for Fintech
Jersey for Fintech is a collaboration between the Government of Jersey and key agencies to promote Jersey as the ideal location for fintech firms to establish, grow and flourish.
Jersey for Fintech is a collaboration between the Government of Jersey and key agencies to promote Jersey as the ideal location for fintech firms to establish, grow and flourish.
Jersey is more than a financial centre. It’s a practical base for fintech businesses that want to build, test and scale. With an outcomes‑focused regulator, strong global links and a connected digital community, Jersey gives teams a clear path from idea to live service.
If you’re building or expanding a fintech business, you need confidence in the infrastructure, regulation, talent, and speed to market. Jersey stands out on all these fronts:
🔗 Sectors & Licensing – Check if your activity is regulated.
🔗 Is my activity a VASP? – Quick way to see if your crypto/virtual-asset model is in scope.
🔗 Innovation Hub – Fintech – Engage early with supervisors on novel models/scope questions.
🔗 Start a Business: Step-by-Step – Plain-English sequence (structure, licensing, tax/social security).
🔗 Incorporate a Company – What to prepare and how to file online.
🔗 Beneficial Ownership & Controllers – What you must file at setup.
🔗 AML/CFT/CPF Handbook – Consolidated rulebook for AML/KYC systems and controls.
🔗 VASP Requirements – Registration and ongoing supervision for VASPs.
🔗 Travel Rule Guidance – Implementing originator/beneficiary info for VA transfers.
🔗 Tokenisation & ICO/ITO Guidance – Principles for tokenised equities/fund units/bonds & offerings.
🔗 Duties of Data Controllers – Your core obligations under the Data Protection (Jersey) Law 2018.
🔗 International Data Transfers – SCCs/addendum and transfer assessments for cross-border flows.
🔗 Outsourcing Policy – What the regulator expects for cloud/sub-outsourcing (all sectors).
🔗 Business Cyber Security Controls – Baseline controls and incident guidance.
🔗 Work Permissions Assistance – Help navigating permissions to hire or relocate digital staff.
🔗 Relocate Your Business –Support to relocate/establish your business and team.
🔗 Work Permit Policy – Routes and employer duties for non-UK/Irish hiring.
🔗 Non-Resident Business Licence – If you’ll deliver a Jersey contract without a local entity.
🔗 Company Tax (0/10/20) – Corporate tax rates and who they apply to.
🔗 Economic Substance – Companies & Partnerships – Scope, tests and guidance.
🔗 Register for GST – Thresholds and online registration.
🔗 Annual Confirmation – Yearly filing to confirm company data.
Platform and payments coverage – Some global rails do not onboard Jersey‑registered companies. Confirm PSP/acquirer support before you incorporate.
Apple and other platforms – App Store processes are territory‑based and may need evidence of licensing for each country where you offer services. Engage early with your platform and consider seller‑of‑record options if needed.
Open banking – Jersey is not under PSD2. Banks can opt in to open banking; API access varies. Check support with your providers.
Banking for crypto – The JFSC’s Sound Business Practice Policy treats much virtual‑asset activity as sensitive. Expect deeper checks and longer timelines from banks and service firms. Start early with strong AML/KYC evidence.
Deposit protection – Jersey’s Depositors’ Compensation Scheme covers individuals and charities up to £50,000 per banking group. Companies are not covered. Plan treasury accordingly.
Staffing permissions and ownership changes – Business and staff permissions apply. A significant ownership change usually requires a new business licence within 60 days.
Outsourcing – Regulated firms must meet the JFSC’s outsourcing policy, including audit, access rights and sub‑outsourcing control.
Market access – Jersey is a third country. There is no automatic EU/UK passporting. Funds often use NPPR; other activities need host‑state permissions.
LifeCycle ran Jersey’s first legally recognised data trust using sensor data from See.Sense bike lights to analyse anonymised cycling journeys. Stewarded under Jersey trust law by regulated providers including Icecap and JTC Trustees, the pilot involved more than 500 participants and informed local planning and safety.
Mesh ID completed a RegTech trial through Sandbox Jersey to streamline digital identity and KYC. Working with local stakeholders, the pilot refined onboarding and showed the JFSC’s support for live testing.
After relocating in 2023, Moneybrain Global launched its BiPS stablecoin‑based “Digital Pound” in 2024 with a low per‑transaction fee for local retail payments. The programme showed how Jersey can host regulated digital payments pilots.
Jersey Financial Services Commission (JFSC) introduced its Tokenisation of Real-World Assets Guidance Note in 2024. It allows Jersey-based issuers to tokenise everything from tokenised funds to real estate, provided they meet local regulatory standards. This framework underscored Jersey’s ability to innovate within a robust legal structure for digital assets.
The JFSC has recently rolled out AI-enhanced supervisory tools aimed at improving compliance monitoring and risk prevention across the financial services sector. This initiative demonstrates Jersey’s proactive adoption of emerging tech to shore up regtech capabilities.