Banking for complex structures in Jersey.

Political and legal framework

Jersey has maintained its own system of government and law for over 800 years. It sits outside the United Kingdom and outside the European Union. Its legislative and fiscal framework is entirely its own. The States Assembly enacts Jersey law. The Royal Court administers it.

Jersey's trust law is among the most developed in the world. The Trusts (Jersey) Law 1984 established the foundation. It has been updated several times since. The most significant amendments came in 2006. Jersey law allows for reserved powers trusts, purpose trusts and customised trustee indemnity provisions. The flexibility on offer is rare in common law jurisdictions. It is a principal reason Jersey remains the jurisdiction of choice for sophisticated trust structures across private wealth, private equity and real estate.

Private trust companies

PTCs are both trustee and corporate entity. They need banking that reflects this hybrid nature. Banks apply heightened scrutiny to PTC mandates. The reasons are concentration of control and the absence of a regulated trustee above the structure. We prepare the ownership and control analysis, the purpose narrative and the source of wealth documentation. This is what banks need to approve these mandates.

Special purpose vehicles

Jersey SPVs are used across real estate, private equity, securitisation and holding structures. Some are orphan SPVs with no fixed UBO. Some hold a single asset and have limited transaction history. Some have ownership spread across several jurisdictions. All require specific handling. A prior bank refusal is rarely final. The difference is almost always in how the file is presented.

Real estate structures

Jersey is the dominant jurisdiction for UK real estate holding structures. Jersey Property Unit Trusts, SPVs and pooled investment vehicles are routinely used to hold Central London and wider UK commercial and residential real estate.

Securities custody

Jersey's licensed banks offer segregated custody for cash, listed securities, bonds and alternative assets. Some structures need clear separation between banking, custody and investment management. We identify and place mandates with institutions that maintain the right governance arrangements. This matters most for family office clients. It also matters for regulated fund structures with independent directors.

Funds banking

Jersey administers one of the largest pools of regulated fund assets of any offshore jurisdiction. GP accounts, management company banking, fund vehicle accounts and carried interest structures all require specific banking relationships. We open accounts for private equity and venture capital funds, hedge funds, AIFs and regulated collective investment funds. We work across Jersey's licensed banking sector.

Our coverage

30+ licensed banks on panel

12 jurisdictions covered

4 weeks standard opening

12+ years of regulatory insight

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Submit an application. Receive an initial bankability assessment within one business day.