Jersey Residency Program - New Residency (2024)

Highlights

Jersey, the largest island of the Channel Islands, located between Britain and France, has long attracted investors because of its high quality of life, stability, thriving finance sector and low taxes. Its golden residency program requires no special designated investment, only that you pay part of the taxes on your worldwide income to Jersey and buy a residential property there. Jersey residents enjoy visa-free travel to the UK and access to the education opportunities there, so applying for a Jersey golden residency is an excellent alternative to the more expensive UK investment residency program. Processing time is extremely fast, no English skills or business experience is required, and your family members can be included in the application.

Family

Your Jersey residency can be extended to your closest family members, including your spouse and children.

Program description

The golden residency program requires that you pay at least GBP 125,000 per annum in taxes to the Jersey authorities. As a resident, you will have to buy property on the island, and you will have to make it your main home. You will gain the same rights as other residents, including the right to set up a business, take up employment or become an employer.

After five years of residing on Jersey, you and your family can apply for permanent residency. After one year as a permanent resident, you also can apply for citizenship (additional conditions must be fulfilled).

Travel options

As a Jersey resident, you will gain the right of unrestricted travel within the Common Travel Area (CTA), which includes the UK, Ireland, and The Isle of Man. Moreover, you and your family will also gain access to UK schools and universities, a stable economy and excellent lifestyle conditions.

Financial terms

Worldwide income for Jersey residents is taxed at 20% for the first GBP 625,000 of income, and at 1% for income above that. To qualify for golden residency, you will have to prove that you will contribute at least an annual GBP 125,000 in taxes to Jersey.

Once your residency is approved, you will be expected to purchase residential property for a minimum of GBP 1 million on Jersey.

Jersey is a low tax area/tax haven, so that capital, capital gains, inheritances, gifts or sales are not taxed. There is no corporate tax either, except on financial service companies and property income companies.

Jersey Residency Program - New Residency (2024)

FAQs

How do I increase my chances of a residency match? ›

Strengthening Your Residency Application

This involves meeting residency requirements, excelling in medical school, and gaining relevant clinical experience. Additionally, participating in extracurricular activities, research, and community service can set you apart from other candidates.

Can I tell a residency program they are my top choice? ›

Sent during Rank Order season to those programs you intend on ranking highly and possibly expressing a number one rank choice. DO NOT tell a program you will be ranking them #1 if you are not doing so. Every Residency Letter of Communication Signature Should Include: Your AAMC ID.

Can you fast track residency? ›

As a "fast track" or research pathway resident, the full training commitment includes an additional two years to be added at the end of subspecialty clinical training, for the sole purpose of research and establishing an academic career.

Is there a limit to how many residency programs you can apply to? ›

CaRMS does not have a “maximum” number of residency programs so you can apply to as many as you wish. However, we do not recommend that you use these numbers as a guideline for how many residency programs you should apply to.

What are the odds of matching with 3 interviews? ›

Thus, each interview you add from 1 to 3 increases your chances of matching by an average of 20%.

What residency is hardest to match? ›

The hardest specialties to match into are those with stringent selection criteria and fewer residency slots. These include competitive fields like Orthopedic Surgery and Ophthalmology, where the demand for positions significantly exceeds the supply.

What are red flags for residency programs? ›

The main red flags that residency applications look for include: Failed Step exams. Failed coursework, particularly failing clinical rotations. Having to repeat any part of your training.

Does a letter of intent help residency? ›

As with medical school acceptance rates, admission into residency programs is highly competitive. Sending a residency letter of intent can help you match to your top choice program. If you're an international medical graduate (IMG), it can be the key to how to get into a residency program as an IMG.

How far down my residency rank list will I match? ›

While there are no guarantees, clearly the more programs that you rank, the higher your chances are of a match. Data suggests that if you do not match by your 12th to 14th spot, your chances are not much better with more ranks.

What is the least demanding residency? ›

Least Competitive Residencies
  • Family Medicine. Family medicine is one of the most common medical specialties. ...
  • Pediatrics. Pediatrics is the branch of medicine dedicated to the care of infants, children, and teenagers. ...
  • Psychiatry. ...
  • Emergency Medicine. ...
  • Internal Medicine. ...
  • Anesthesiology. ...
  • Obstetrics-Gynecology. ...
  • Pathology.
Mar 11, 2024

Which is the least competitive residency? ›

What are the least competitive residencies? Primary care specialties tend to be less competitive. For example, family medicine, internal medicine, and pathology.

What do residency programs look at most? ›

Good Grades in Clerkships

An important predictor of success in residency is a candidate's grades in their clerkships. Residency program directors will also look specifically at clerkship grades in specialty clerkships to confirm that a student can succeed in the type of work they will be performing in residency.

What is the easiest residency program to get into? ›

Among primary care options, Family Medicine and Internal Medicine are generally considered easiest medical specialties to study, with relatively shorter residencies compared to some other specialities. Moreover, Emergency Medicine is the medical speciality that takes the least amount of time.

Can you finish residency in 2 years? ›

The average length of residency training is about four and a half years. The shortest residency training programs are three years and the longest are seven. After residency training, some people pursue fellowship training which can range in length from one to three years, on average.

How many doctors don't match? ›

Around five percent of US allopathic medical school graduates do not match anywhere. If you receive notification on the Monday of Match Week that you didn't end up matching, however, you're not completely out of options.

What is the easiest residency to match with? ›

Our list has been determined by fill rate, positions offered, number of applicants, and more.
  • Family Medicine. Family medicine is one of the most common medical specialties. ...
  • Pediatrics. ...
  • Psychiatry. ...
  • Emergency Medicine. ...
  • Internal Medicine. ...
  • Anesthesiology. ...
  • Obstetrics-Gynecology. ...
  • Pathology.
Mar 11, 2024

What is a good match rate for residency? ›

According to the latest NRMP data, the overall residency match rate is 93.7% for US MD seniors, and 91.6% for US DO seniors. Overall, allopathic medical graduates have a slight advantage over their osteopathic peers when it comes to residency matching.

How common is it to not match into residency? ›

In 2023, 93.3% of applicants matched to a residency, according to the NRMP's 2023 Main Residency Match Report. Match rates dropped to 67.6% for international medical graduates (IMGs) and to 59.4% for non-U.S. citizens. DO graduates had slightly lower match rates than students from medical doctor programs, at 91.6%.

Why would someone not match into residency? ›

According to the Association of American Medical Colleges (AAMC), the top three reasons for students not matching are poor exam scores, poor academic standing, and poor interviewing or interpersonal skills.

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