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Jersey once again open for investment from the European Investment Fund

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Jersey once again open for investment from the European Investment Fund

The European Investment Bank (EIB) published an update to its policy on 25 March 2019 under which there should be no impediment to the private equity fund managers operating from Jersey to attract investment from the European Investment Fund (EIF).

On 12 March 2019 the European Union (EU) Finance Ministers ("ECOFIN") confirmed Jersey's status as a cooperative jurisdiction. The move followed the introduction of new legislation to address concerns raised by ECOFIN in respect of economic substance as well as efforts taken over recent years to ensure it meets compliance with global standards on tax transparency and information exchange.

The EIF, part of the EIB with representation from the EU, is a specialist provider of risk finance to benefit small and medium-sized enterprises across Europe by developing and offering targeted financial products to a number of parties including private equity funds.

Ocorian's Executive Director, Charlotte Cruickshank, said: “This is fantastic news for Jersey and testament to the endless work that has been undertaken to ensure that Jersey sits firmly on the EU's white list of co-operative tax jurisdictions where it belongs."   

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Our extensive experience and best-in-class processes have been honed over more than 25 years’ expertise in servicing private equity fund managers. Using innovative technology, we design robust, scalable and user-friendly solutions to meet the needs of both global and boutique private equity fund managers and investors. Learn more here.