As the Brexit deadline looms closer with no clear idea of what will happen on the 31th of October several HWNIs are already making plans to ensure their wealth is protected from the uncertainty, with many seeing Jersey as a safe harbour.
So far this year, 119 high-net-worth individuals - a third more than last year - have asked about Jersey's 21E status, which would give them residency rights and special tax status provided they can guarantee a minimum payment of £145,000 to the exchequer each year, according to local news outlet The Jersey Evening Post.
Economic Development minister Lyndon Farnham told the newspaper that he felt the spike in inquiries was, in part, due to uncertainty caused by Brexit.
The number of inquires for the same period last year was 90, and there have been 119 inquires this year"
"The number of inquires for the same period last year was 90, and there have been 119 inquires this year," he said. "So far this year 13 approvals have been made. I think that the increased interest is down to Jersey's reputation for being a particularly safe and stable place to live.
"And it is probably safe to say that the current uncertainty in the UK and EU is a factor in why people are looking to relocate," he added.
Applicants qualifying for 21E status are granted housing qualifications and tax breaks as long as they pay a minimum amount of £145,000 to the Treasury each year. Individuals pay 20% on their first £725,000 of worldwide income and 1% on anything over that amount.
However, Jersey said it wants HNWIs who will become part of the community and contribute more than just taxes. "We don't want people who just see the island as a pitstop," said the minister.