Jersey - A Tax Haven
“Little bits of France dropped into the sea and picked up by Britain.” That is how Victor Hugo, the French poet, referred to the Channel Islands.
High value residency scheme: individuals must show worldwide earnings of at least £625,000, upon which they will pay 20% tax then 1% on all worldwide earnings in excess of it, a minimum tax contribution of £125,000. There are no wealth taxes such as capital gains tax or inheritance tax in Jersey.
Editor's Note: There are other jurisdictions where it is much easier to obtain residency, such as Panama. More on that here.