Record number of high value resident applications
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WQ.452/2025
WRITTEN QUESTION TO THE CHIEF MINISTER
BY DEPUTY D.J. WARR OF ST. HELIER SOUTH QUESTION SUBMITTED ON MONDAY 1st DECEMBER 2025 ANSWER TO BE TABLED ON MONDAY 8th DECEMBER 2025
Question
"In relation to the record number of high value resident applications that have been approved so far this year, will the Minister provide details of the economic and social benefits that the 2(1)(E) regime has brought to the Island for each of the last 5 years?"
Answer
The 2(1)(e) regime continues to make a significant contribution to Jersey's economy and wider community. High Value Residents must demonstrate sufficient annual taxable income to ensure substantial and ongoing personal tax contributions. As a result, over the past five years these individuals have collectively delivered many tens of millions of pounds in tax revenues that directly support essential public services. This economic impact has been particularly valuable during a period of global uncertainty, contributing to strong and resilient public finances.
Beyond their direct tax contribution, High Value Residents are required to demonstrate clear economic and social benefit to Jersey before approval is granted. In recent years this has translated into:
• Investment in job-creating sectors, including digital, hospitality, and commercial property developments.
• Support for entrepreneurship, including mentoring, and access to networks for start ups working with Jersey Business and Digital Jersey.
• Charitable contributions and philanthropy that strengthen Jersey's voluntary and community sectors, working with organisations such as the Jersey Community Foundation and the Association of Jersey Charities.
• Enhancements to arts, culture and sport, helping local organisations expand opportunities for islanders of all ages.
• Broader community engagement, including skills-sharing, social value projects and patronage of charities and major events.
Feedback from industry and the charitable sector confirms that High Value Residents are making measurable and positive contributions across these areas. While their activities are often personal and not all publicly visible, the overall value delivered to Jersey, both economically and socially, is widely recognised as significantly outweighing the relatively small number of approvals granted each year.
Taken together, the 2(1)(e) regime has helped diversify Jersey's economy, stimulate investment, strengthen community initiatives, and increase funding for public services, providing substantial benefit to the island over the past five years.