It is reachable by air and sea from London, Paris, and many other European towns and cities with many daily flights to its modern airport. In addition to being a popular beach resort, Jersey is a mature, respected offshore financial center with a strong international reputation. Jersey has its own elected parliament, known as The States of Jersey. It is essentially autonomous in all matters except foreign affairs and defense. Jersey is a very politically stable jurisdiction.
Jersey is also very economically stable.
The pound sterling is the official currency with Jersey issuing its own notes and coins at par with the British pound sterling. Unemployment levels are very low and Jersey has no public debt, and in fact has substantial cash reserves of nearly a half billion dollars - nearly a year's worth of tax revenues. Jersey's specially negotiated status with the EU provides that EU law applies only to a limited extent, and does not apply with regard to fiscal and tax policy. It has always had favorable taxation. The income of residents is taxed at 20 percent.