The European Economic Area (EEA) was established by the EEA Agreement, which entered into force in 1994. These are countries that are already in the process of incorporating EU … 2 Consistent application of law to whole of European Economic Area See the relevant regulators for each country in the EU and European Economic Area (EEA). “1973 Law” means the European Union (Jersey) Law 1973. Overview. Since Jersey does not have VAT, a Jersey company will not have a VAT registration number to include on your invoice. This means Swiss nationals have the same rights to live and work in the UK as other EEA nationals. Mike Russell said he would not like a “halfway house” of European Economic Area (EEA) membership. Jersey A Gateway to Europe for US Fund Managers A global hub For decades, Jersey has set itself apart as a reputable, centrally located jurisdiction for investors from key global markets. The European Economic Area (EEA) is made up of: . We’ll contact you directly if you’re affected by the changes. The European Economic Area (EEA) comprises the countries of the European Union (EU), plus Iceland, Liechtenstein and Norway and was established on 1 January 1994.. Cannot be marketed in EU/EEA countries (but suitable for all other investors). If you are making a data transfer outside the EU/EEA, then you need to know whether it is covered by an EU Commission “adequacy decision”. You can read about the rights and status of UK nationals living in the EU after the UK leaves the EU. It is permitted to base a transfer of personal data to a country outside the EU/EEA on a legally binding and enforceable instrument if the transfer takes place between authorities. Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden. From 31 January 2020 the UK is no longer an EU/EEA member state. It allows them to be part of the EU’s single market. (2) In this Law, unless the context otherwise requires, expressions defined in Article 1 of the 1973 Law (including “Communities”, “EU” and “Treaties”) have the meanings assigned to them by that Law. OCT. SAINT VINCENT AND THE GRENADINES. There are five EU candidate countries. However, a Swiss national has the same rights of residence as an EU/EEA citizen. Guernsey and Jersey do not benefit from the UK's membership of the EU other than in a limited fashion via Protocol 3. This update can change over time so it is important to understand if any EEA country changes affect your immigration status or change how you would normally qualify to work under EEA country rules for you and especially your non-EEA family members. Norway. This is in contrast to the rules which apply to the other EU … Costs: As at the time of writing, the initial application fee charged by the JFSC for a Jersey private fund (without EU/EEA marketing) is £1,340 and the annual fee payable to the JFSC is £1,070. These rules aim to enable goods, services, capital, and persons to move freely about the EEA in an open and competitive environment, a concept referred to as the four freedoms. Purpose of this Practice Note. Out of allowance calls to these numbers cost 40p/min. If a person is a national of one of these countries or of Switzerland, they can travel between these countries freely. The constitutional relationship between the Crown Dependencies (the Bailiwicks of Guernsey and Jersey, and the Isle of Man) and the UK and the EU is different to that of the UK Overseas Territories. If you're visiting any of the countries on this page and need urgent or immediate medical treatment, it will be provided at … Disclaimer – Individuals resident in the EU, EEA, Switzerland, Guernsey and Jersey The products and services mentioned in this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey. At this moment EU Commission has determined that the following countries have an adequate level of protection: Andorra, Argentina, Guernsey, Isle of Man, Israel, Jersey, New Zealand, Switzerland and Uruguay. The Rest of the World AIFMD is not relevant to Jersey funds with a Jersey manager which markets outside the EU/EEA. Guernsey is not part of the European Union. The European Economic Area (EEA) unites the EU Member States and the three EEA EFTA States (Iceland, Liechtenstein, and Norway) into an Internal Market governed by the same basic rules. 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