Call to clamp down on influx of Ultra-HNWIs to Jersey

clock • 2 min read
Call to clamp down on influx of Ultra-HNWIs to Jersey

The groundswell of ultra-high-net-worth individuals seeking residency on Jersey ‘should be restricted' in numbers, one of the island's Economic and International Affairs Scrutiny Panel member has said. According to the Jersey Evening Post, £100m of property is expected to be bought by high-net-worth immigrants by the end of the summer. While in a Scrutiny hearing earlier this year, Housing Minister Russell Labey said he was concerned about the growing intake of ‘21E' status residents, n...

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