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Jersey Banking License

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Jersey Banking License: JFSC Authorisation Under the Banking Business (Jersey) Law 1991

The Jersey Financial Services Commission (JFSC) regulates banking and deposit-taking under the Banking Business (Jersey) Law 1991. Jersey is a British Crown Dependency with a long tradition as an international financial centre, administering substantial private wealth and serving as a gateway for structuring international business across Europe and beyond. Jersey operates outside both the United Kingdom and the European Union, maintaining its own constitutional status and legislative assembly.

Jersey holds a strong track record for attracting major international banking groups looking to establish an offshore booking centre, wealth management platform, or treasury operation outside the EU regulatory perimeter while maintaining access to high-quality professional services and infrastructure.

Licence Categories

Class A permits full deposit-taking with no restrictions on the class of depositor. Class B restricts deposit-taking to deposits from affiliates, shareholders, or a defined limited class of persons.

Minimum Capital

GBP 5 million for a Class A licence. The JFSC applies individual capital guidance based on the applicant's business model, risk profile, and proposed activities.

Registered Persons

At least two persons responsible for managing regulated activities are required. Both must pass the JFSC fit and proper assessment covering experience, integrity, and financial soundness.

Physical Presence

A physical registered office in Jersey with management presence is mandatory. The JFSC requires genuine operational substance on the island.

Business Plan and AML/CFT

A three-year business plan with financial projections and liquidity analysis is required. AML/CFT programme must be compliant with the Money Laundering (Jersey) Order 2008.

Tax Position

Jersey's standard commercial company rate is 0% (Standard 0% regime). Financial services companies holding a banking licence are taxed at 10% on Jersey-source income only. There is no capital gains tax or inheritance tax.

Neptune Fiduciaries: Jersey Banking Licence Support

Neptune Fiduciaries provides end-to-end Jersey banking licence support including JFSC pre-application engagement, business plan preparation, fit and proper documentation for all registered persons, and ongoing AML/CFT compliance advisory.

Get in Touch

Contact Neptune Fiduciaries at info@neptunecorporate.com or sales@neptunecorporate.com or visit our Contact Us page.

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