Continuing to analyze the various nations most quoted in terms of landscape beauty but especially for the quality of life, we certainly could not forget a small island, in the heart of Europe, right on the English Channel. Despite having its own government and a strong national identity, it is still a British crown possession, even though it is not part of the United Kingdom. A tax haven for many investors, the state that is the protagonist of our mini guide today is Jersey!
We will see how easy it is to buy a property in Jersey without any problems, what are the benefits to be gained and all the information needed to start a new life on the right foot!
So, if you are curious how to make the investment of the century without fear, the solution is unique: pay attention to the next lines, because the mini guide signed Realigro is about to begin!
What are the documents to access in Jersey?
After the Brexit effect, we strongly recommend that you have a passport. We also remember that the currency in force and the language spoken only the same as in the United Kingdom. An element of fundamental importance, whenever we deal with a 'territorial analysis, is given by the cost of living. What are the prices that, broadly speaking, characterize this country? Is the economy solid or cumbersome?
To answer these questions, we have decided to go into even more detail, to make you better understand what the real situation is in Jersey. According to the current legislation, a distinction is made at the fiscal level between residents and non-residents. The former are taxed on all their incomes, while for the second category only on those derived from internal sources. As far as company forms are concerned, there is a zero tax rate for companies resident on the island but it is possible to apply a 10% discount on companies that manage income deriving from the exploitation of local property or utilities.
As far as real estate is concerned, we are talking about a minimum rate of 0.5% to a maximum of 5%.
These elements should not be underestimated, as they are the basis of international relations based on criteria of transparency and free exchange of information.
After having made a brief economic background, we get to the heart of the costs related to the basket of goods. In order to better facilitate the consultation of these values, we report a list.
Cheap restaurant lunch 22,47 €
Domestic beer (0,5L on tap) 4,89 €
Cappuccino (normal) 2,98 €
Coca/Pepsi (0.33L bottle) 1.61 €
Water (0.33L bottle) 1.57 €
Milk (normal), (1L) 1,33 €
Fresh white bread loaf (500g) 1,87 €
Rice (white), (1kg) 2,22 €
Eggs (normal) (12) 2,53 €
Local cheese (1kg) 6,18 €
One way ticket (local transport) 2,25 €
Basic (Electricity, Heating, Air conditioning, Water, Garbage)
for an apartment of 85m2 134,00 €
Last but not least, it is our sector: the real estate market. How much does it cost to buy a property or sign a lease in Jersey?
To buy a property, you start from 4,000 euros per square meter, if you look at the central area of a large metropolis. On the other hand, if you are interested in renting contracts, we are talking about monthly figures starting from 1,200 euros.
What can I say, we hope that this mini guide has been useful and... you just have to pack your bags and discover a new land!
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