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Standard Bank Jersey Limited

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Standard Bank Jersey Limited

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Standard Bank Offshore is a wholly owned subsidiary of Standard Bank Group Limited. Standard Bank Offshore comprises a number of companies located in the offshore jurisdictions of Jersey, the Isle of Man and Mauritius. We provide a range of offshore services for the personal, professional and corporate client, including banking, fiduciary and corporate services, stockbroking, asset management, and offshore fund management.

The Islands

Jersey in the Channel Islands is situated in the Bay of St Malo, some 14 miles from mainland France. The Isle of Man is situated approximately 40 miles from the north west coast of England, midway between the UK and Ireland, whilst Mauritius is located in the Indian Ocean, east of Madagascar.

Offshore Centres of Excellence

Jersey has been a renowned international finance centre for almost 50 years and the Isle of Man for some 40 years.

The Islands have modern legislation on banking, collective investment funds, insurance, investments and trust companies to protect the investor and ensure that the industry is highly regulated. In addition, specific legislation exists to maintain the reputation designed to keep the Islands free of the proceeds of drug trafficking, insider dealing and money laundering.

The Islands of Jersey and Isle of Man are self-governing in domestic issues and are not part of, and therefore not subject to, regulations imposed by the United Kingdom or the European Union.

Both Islands possess a highly skilled population to support the continued success of the industry.

Mauritius, capitalising on its strategic location and relying on its sound domestic economic base, is quickly establishing itself as a premier international business centre in the Indian Ocean region. It launched its offshore finance centre in 1992.

The offshore legislation within Mauritius is based mainly on that of Jersey, having been updated during 2001 resulting in tighter regulation of the industry. The island has a sound legal system and a well-educated work force which has the advantage of being fluent in both English and French.

Offshore centres - the benefits

The wealth of experience and expertise that is offered by the Islands' financial service providers give an unparalleled welcome to businesses and investors alike. Investing in the offshore centres also provides a range of underlying benefits and some of these include:

   Security and confidentiality offered by the premier offshore jurisdictions
   No exchange control restrictions, allowing capital to be freely moved without formality
   Interest on your savings and investment accounts may be paid gross, without deduction of tax at source (although you may have a liability to tax elsewhere). If you reside in the European Union, the European Union Savings Directive will affect the way interest is paid on your account.
   Holding assets offshore may have some tax planning advantages
   There may be inheritance tax benefits for clients dependant upon domicile
   Sophisticated worldwide communication links facilitating ease of access

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