Nikolai Timofejev
15 years in FinTech and payments. Maps your business model to the right licence scope and leads the file all the way to the JFSC's registration decision, including banking and payment rails.
Get an investment license in Jersey.
The Crown Dependency regime with the shortest honest timetable: registration with the JFSC under the Financial Services (Jersey) Law 1998 in four investment-business classes - A dealing, B managing, C advice with client assets, D advice without - on £25,000 paid-up capital (£10,000 for class D) and adjusted net liquid assets at 110% of the requirement. The JFSC's own FAQ puts a successful application in the region of six weeks. Fund services business runs on its own classes next door, and a Jersey Private Fund is authorised in 24 hours. Corporate tax is 0% as standard, 10% for financial services companies.
27 yrs
on the international marketon the market
60+
in-house specialistsspecialists
400+
Licenses obtainedlicenses obtained
Updated
Jersey in brief
Four classes, four eyes, six weeks.
Jersey registers rather than licenses: art. 7(1) of the Financial Services (Jersey) Law 1998 (consolidated from 11 December 2024) forbids financial service business in or from the island without JFSC registration, and the 2009 Order slices investment business into class A (dealing in investments), class B (managing investments), class C (investment advice where the firm may hold client assets) and class D (advice where a condition prevents it). The Investment Business Code of Practice, in force since 17 January 2022, prices the entry: £25,000 paid-up share capital and net assets for classes A to C, £10,000 for class D, and adjusted net liquid assets at 110% of the Total Requirement, recomputed every business day where the firm carries position, counterparty or currency risk (s. 5.1). Professional indemnity cover is the greater of three times relevant fees, 10% of controlled assets or £1,000,000 (5.2.5-5.2.8). Fund services business is a separate registration in classes U to ZI.
The people rules are the real threshold. A registered firm must be effectively directed by at least two appropriately qualified individuals (IB Code 3.1.2.1) and by three where it controls client assets (3.1.2.2), with only one family member counting (3.1.2.4), and it must appoint a compliance officer based in Jersey (3.5.1.4, 3.5.4.2). Client money goes into client bank accounts held as trustee under the Client Assets Order 2001 (arts 4 and 6(3)). The Law sets no decision period; the JFSC's FAQ says a successful application normally progresses in the region of six weeks, with approval or reasons within two weeks of the final responses. Fees follow the JFSC fees notice, uplifted 2.5% from 1 January 2026 - we quote the current figures rather than print stale ones. Tax: 0% standard, 10% for financial services companies under art. 123D, 15% MCIT for EUR 750 million groups from 1 January 2025. 104,540 people, one regulator, no passport.
JFSC registration under the Financial Services (Jersey) Law 1998 in classes A to D - £25,000 paid-up (£10,000 class D), ANLA 110%, PII from £1,000,000, two or three qualified individuals in charge and a Jersey-based compliance officer. The JFSC indicates six weeks.
0% standard tax, 10% for financial services companies, 15% MCIT only above EUR 750 million. Fund services classes and a 24-hour private fund next door. Built end to end from St Helier.
The two builds
Investment business A to D - or fund services business.
One Law, two registrations: investment business for dealing, managing and advising on client portfolios at £10,000-£25,000, fund services business for the managers, administrators, custodians and trustees around a Jersey fund at £10,000-£500,000 by class. We fix the classes first, then build once.
Investment business A to D - or the fund services classes.
01 - INVESTMENT BUSINESS A-D
The client-facing firm
Dealing (A), managing (B), advice with client assets (C) or without (D) - £25,000 paid-up for A to C, £10,000 for D, ANLA at 110%, PII from £1,000,000, two or three qualified individuals in charge and a Jersey-based compliance officer.
Dealing (A), managing (B), advice with client assets (C) or without (D) - £25,000 paid-up for A to C, £10,000 for D, ANLA at 110%, PII from £1,000,000, two or three qualified individuals in charge and a Jersey-based compliance officer.
- ✓Class A dealing · B managing
- ✓Class C / D advice
- ✓£25,000 paid-up · £10,000 class D
- ✓ANLA 110% of Total Requirement
- ✓PII from £1,000,000
- ✓≈ 6 weeks JFSC indication
02 - FUND SERVICES BUSINESS
£10,000-£500,000 by classThe fund-side firm
Classes U manager, V administrator, X investment manager, Y investment adviser, ZG trustee, ZH custodian and more under art. 2(10) - £25,000 for managers and administrators, £250,000 or £500,000 for trustees and custodians of expert or retail funds, £10,000 otherwise, plus the same 110% ANLA surplus.
Managers, administrators, trustees and custodians for Jersey funds in classes U to ZI - £10,000 to £500,000 by class, the same 110% ANLA test.
- ✓Class U manager · X investment manager
- ✓Class V administrator
- ✓Trustee / custodian £250k-£500k
- ✓Managers and administrators £25,000
- ✓Designated service provider for a JPF
- ✓Economic substance - fund management
Fees are set by the JFSC fees notice in force from 1 January 2026 (a 2.5% general uplift) and confirmed in your quote; capital, PII and people are itemised against the Codes of Practice.
Why Jersey
A rulebook that prints its numbers.
Jersey sells an indicative six weeks, Codes that state their figures and a fund industry that needs registered firms next to it.
✓
Six weeks, in the JFSC's words
No statutory clock, but the regulator's FAQ puts a successful application in the region of six weeks - and promises a decision within two weeks of the final responses.The JFSC's own words.
✓
£25,000 of capital
Paid-up capital for classes A to C, £10,000 for class D, with the risk sitting in the ANLA and PII tests rather than a large fixed floor.Capital for a working firm.
✓
0% and 10%
The standard company rate is 0%; financial services companies pay 10% under art. 123D - a rate counterparties read as a real jurisdiction, not a brass plate.A rate that reads real.
✓
The fund stack next door
Fund services classes U to ZI, an AIF regime, and the Jersey Private Fund authorised in 24 hours with a registered designated service provider.JPF in 24 hours.
✓
Rules that print their numbers
ANLA at 110%, PII at three times fees or £1,000,000, span of control of two or three - the Codes tell you what passing looks like.Passing is defined.
✓
People before paper
Two qualified individuals in charge, three with client assets, one family member only, a compliance officer based in Jersey - the threshold most applicants underestimate.Four or six eyes.
How it compares
How Jersey differs from other routes.
The honest comparison: a six-week indication and a printed rulebook - against a sister island with a ten-day fast track and an Atlantic regime with a three-month expectation.
Jersey vs other jurisdictions
| Feature |  Jersey | Other jurisdictions |
|---|---|---|
| Regime | FS(J)L 1998 - JFSC | POI Law 2020, FSA 2008, IBA 2003 |
| Capital | £25,000 · £10,000 class D | £25k net assets Guernsey · USD 100k-250k Bermuda draft |
| Scope | No passport · JPF 24 hours | Fast track 10 days Guernsey · Class A Bermuda |
| Timeline | ≈ 6 weeks JFSC indication | 3 months IoM · ≤ 3 months Bermuda |
Regime
JerseyFS(J)L 1998 - JFSC
Other jurisdictionsPOI Law 2020, FSA 2008, IBA 2003
Capital
Jersey£25,000 · £10,000 class D
Other jurisdictions£25k net assets Guernsey · USD 100k-250k Bermuda draft
Scope
JerseyNo passport · JPF 24 hours
Other jurisdictionsFast track 10 days Guernsey · Class A Bermuda
Timeline
Jersey≈ 6 weeks JFSC indication
Other jurisdictions3 months IoM · ≤ 3 months Bermuda
Country by country
| Country | License type | Taxation | Requirements |
|---|---|---|---|
| Jersey | JFSC registration A-D | 0% · 10% financial services | £25k paid-up, four eyes, Jersey CO |
 Guernsey | GFSC POI licence | 0% · 10% intermediate | £25k net assets, two resident directors |
 Isle of Man | IOMFSA Class 2 licence | 0% · 10% banking | Two resident directors, £4,283 to apply |
 Bermuda | BMA licence - IBA 2003 | 0% · 15% MNE groups | Principal place of business, USD 2,840 to apply |
JerseyLicense typeJFSC registration A-D
Taxation0% · 10% financial services
Requirements£25k paid-up, four eyes, Jersey CO
GuernseyLicense typeGFSC POI licence
Taxation0% · 10% intermediate
Requirements£25k net assets, two resident directors
Isle of ManLicense typeIOMFSA Class 2 licence
Taxation0% · 10% banking
RequirementsTwo resident directors, £4,283 to apply
BermudaLicense typeBMA licence - IBA 2003
Taxation0% · 15% MNE groups
RequirementsPrincipal place of business, USD 2,840 to apply
Before you apply
Requirements for the Jersey registration.Requirements for the registration.
The JFSC registers a firm whose people, capital and controls already match the Investment Business Code. The checklist below is what a passing application contains.
01
Registration per class - art. 7(1) of the Law, with classes A (dealing), B (managing), C and D (advice) from the 2009 Order named on the application.
02
Paid-up capital - £25,000 for classes A, B and C, £10,000 for class D, with net assets at the same floor (IB Code 5.1.3, 5.1.4).
03
Adjusted net liquid assets - 110% of the Total Requirement, computed every business day where position, counterparty or currency risk exists, otherwise at least every three months.
04
Professional indemnity - the greater of three times relevant fees, 10% of controlled assets or £1,000,000, capped at £5,000,000 (IB Code 5.2.5-5.2.8).
05
Span of control - at least two appropriately qualified individuals directing the firm, three where it controls client assets (3.1.2.1-3.1.2.2); only one family member counts (3.1.2.4).
06
Compliance officer based in Jersey - required by 3.5.1.4, resident under 3.5.4.2 and appropriately qualified under 3.5.4.3.
07
Principal persons fit and proper - art. 9(3), with a personal questionnaire for each in the application pack.
08
Client assets - client bank accounts with the bank's trustee acknowledgement (Client Assets Order 2001, arts 4 and 6(3)); registrable investments held in the agreed name (art. 14(1)).
09
The application pack - the application form with the fee, the business plan and the personal questionnaires, complete at submission.
10
Economic substance - fund management business is a relevant activity under the 2019 Law (art. 1): directed and managed in Jersey with adequate employees, expenditure and premises (art. 5).
01
Registration per class.
02
£25,000 / £10,000 paid-up.
03
ANLA at 110%.
04
PII from £1,000,000.
05
Two or three in charge.
06
Jersey-based compliance officer.
07
Principal persons fit and proper.
08
Client money as trustee.
09
Plan and questionnaires.
10
Substance for fund management.
Reflects the Financial Services (Jersey) Law 1998 (consolidated 11 December 2024), the 2009 Order and the Investment Business Code of Practice (17 January 2022) as of 2026.FS(J)L 1998 + IB Code 2022, as of 2026.
How it works
From first call to the JFSC register.
01
Class map
Investment business A to D, fund services or both - fixed in writing against the client base.Fixed in writing.
02
Company and people
Jersey entity, £25,000 paid, two or three individuals in charge, compliance officer based in Jersey.Four or six eyes.
03
The application
Form, fee, business plan and personal questionnaires - complete at submission.Complete, first time.
04
JFSC review
In the region of six weeks; approval or reasons within two weeks of the final responses.Six weeks indicated.
05
Registration and launch
Register entry, client bank accounts, PII on risk - the firm live from St Helier.St Helier, on risk.
Quick facts
RegulatorJFSC
LawFS(J)L 1998 · cons. 11 Dec 2024
Capital A-C£25,000 paid-up
Capital D£10,000 paid-up
ANLA110% of Total Requirement
PII minimum£1,000,000
JFSC indication≈ 6 weeks
Corporate tax0% · 10% financial services
The capital is small because the people rules are not: two or three qualified individuals and a Jersey-based compliance officer are where files stall, and where we start.
On the ground in Jersey
Run from our St Helier office.
Prifinance - Jersey
St Helier · Jersey
St Helier, Jersey
01
Class map
A to D or the fund services classes - the registration scoped to the actual book before drafting.Scoped to the book.
02
The JFSC pack
Application form and fee, business plan, personal questionnaires - complete at filing, final queries answered inside the two-week window.Complete at filing.
03
Span of control
Two or three qualified individuals and a Jersey-based compliance officer sourced and vetted before the JFSC asks.Sourced first.
04
Capital, PII and banking
£25,000 paid, ANLA computed, PII placed, client bank accounts with the trustee acknowledgement in hand.Computed, placed.
We also have offices in
Tallinn
Estonia
Roseni 13
Vilnius
Lithuania
Gedimino pr. 2
Prague
Czech Republic
Vlkova 532/8, Žižkov
Dubai
UAE
33 Level, Al Saqr Business Tower
Madeira
Portugal
Rua da Alegria 31, 1F
Budapest
Hungary
Korányi Sándor u. 4
Istanbul
Turkey
Perpa Ticaret Merkezi, A Blok
Good to know
Taxation of investment firms in Jersey.
Zero as standard, ten for the regulated firm, fifteen only for the largest groups - inside a system with GST but not on financial services.
0% standard rate
The standard rate of company tax in Jersey is 0% - holding and group companies above the firm sit at zero.Above the firm.
10% financial services
Registered investment business, trust company business, fund services business and deposit-takers pay 10% under art. 123D of the Income Tax Law 1961.Art. 123D.
20% for the few
Utilities, large retailers above £500,000 of profit, hydrocarbons, quarrying and Jersey property - not an investment firm.Not the firm.
MCIT 15% from 2025
Groups with EUR 750 million of consolidated revenue pay the multinational rate for periods from 1 January 2025 - out of scope for most licensees.€750m groups.
GST 5%, finance exempt
The 5% goods and services tax exempts financial services and insurance - mandate fees stay outside it.Finance exempt.
Economic substance
Fund management business is a relevant activity under the 2019 Law: directed and managed in Jersey, adequate employees, expenditure and premises (art. 5).ES Law 2019.
Tax summary
Standard rate0%
Financial services companies10%
MCIT (€750m groups)15% from 2025
GST5% · financial services exempt
Economic substanceES Law 2019 · fund management
*Figures as of 2026 per the Government of Jersey. Distribution and founder-level outcomes are modelled per structure.
Turnkey professional support
Experienced lawyers and international consultants.
We provide end-to-end support, from company registration and the application file to regulatory interaction and compliance oversight - with an individualized approach to each client.
Oleksii Kindratenko
Builds the application itself: Jersey company, AML/KYC policy pack, capital structure and tax registrations. His document sets are the reason reviews finish in months, not years.
Eugeniu Bevziuc
First point of contact for international founders. Runs the whole setup remotely, across time zones and languages - from the first call to a live, licensed firm.
Follow Prifinance
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Jersey · JFSC
Launch your investment firm in Jersey with expert support.
Full-service assistance - from the class map and the Jersey company to the JFSC pack, span of control, PII and client-asset banking - run through our St Helier office.
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Is Jersey the right fit for your project?
Our legal team will analyze your case at no cost and provide a written legal opinion: which jurisdiction, licence scope, or route fits your business.
Written assessment within 2-5 business days
Request a free conclusion →FAQ
The Jersey investment licence, answered.
What licence does an investment firm need in Jersey?+
Registration with the JFSC under art. 7(1) of the Financial Services (Jersey) Law 1998 for the relevant classes: A dealing, B managing, C advice with client assets, D advice without. Fund-side firms register for fund services business classes U to ZI instead, or as well.
What capital is required?+
£25,000 paid-up share capital and net assets for classes A, B and C, £10,000 for class D, plus adjusted net liquid assets at 110% of the Total Requirement (IB Code 5.1). Fund services tiers run £10,000, £25,000, £250,000 and £500,000 by class.
What are the fees?+
Set by the JFSC fees notice - the 2026 notices took effect on 1 January 2026 with a 2.5% general increase. The investment business figures change with each notice, so we quote the current ones to you from the notice in force.
How long does registration take?+
The Law sets no decision period. The JFSC's FAQ says a successful application normally progresses in the region of six weeks, and the regulator aims to approve, or give its reasons, within two weeks of receiving responses to its final queries.
What people does the JFSC require?+
Effective direction by at least two appropriately qualified and experienced individuals, three where the firm controls client assets, only one of whom may be from the same family (IB Code 3.1.2), and a compliance officer based in Jersey (3.5.4.2). Principal persons must be fit and proper (art. 9(3)).
What about professional indemnity insurance?+
The greater of three times relevant fees and commissions, 10% of controlled assets or £1,000,000, with an aggregate cap of £5,000,000 and an excess of no more than £5,000 or 3% of annual fees, whichever is greater (IB Code 5.2.5-5.2.8).
How are Jersey investment firms taxed?+
0% is the standard company rate; registered financial services companies pay 10% under art. 123D; the 15% MCIT applies only to groups above EUR 750 million from 1 January 2025. GST is 5% with financial services exempt.
Can I run a fund from the same firm?+
Yes, with the fund services classes: a class U manager or class X investment manager, and a Jersey Private Fund is authorised in 24 hours once a registered designated service provider is in place. Fund management then triggers the Economic Substance test.
Jersey or Guernsey for a new firm?+
Close cousins: Guernsey offers a fast-track POI licence considered within 10 business days, a private fund registered in one business day and no GST; Jersey offers the six-week indication, the JPF in 24 hours and the deeper investment-business rulebook. Both tax the regulated firm at 10%. The service providers you already use usually decide.
Why Prifinance for Jersey?+
A St Helier office for the JFSC pack, span of control and the Jersey-based compliance officer sourced before filing, ANLA and PII computed to the Code, and the fund-side classes added when the book needs them.
What licence?+
JFSC registration A-D.
Capital?+
£25k · £10k class D.
Fees?+
Per notice - quoted.
How long?+
≈ 6 weeks indicated.
People?+
Two or three + CO.
PII?+
From £1,000,000.
Taxes?+
0% · 10% FS.
Funds too?+
Classes U-ZI, JPF 24h.
Or Guernsey?+
Cousins - providers decide.
Why you?+
St Helier, people first.
Client notes
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Prifinance is an independent law and advisory firm. We are not a regulator and are not affiliated with, endorsed by, or acting on behalf of the Jersey Financial Services Commission or any other public authority. Authorisations are granted by, and obtained directly from, the competent authorities.