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The Chief Minister has made a pledge to reduce the number of '1(1)(k)s' allowed into the island each year and review the available data about their value to the island.
It's part of Deputy Kristina Moore's 'Ministerial Plan', which has been published for the first time today.
The Plan follows closely behind last week’s Government Plan, which sets out firm spending plans for next year and aspirations for the following three; and Deputy Moore and her team’s Common Strategic Plan, which sets out broad priorities.
The island has been welcoming - and encouraging - applications from high-net-worth individuals to come and live in the island for more than 50 years. Once informally known as '1(1)k residents, after the articles of the Housing Law which defined their status, the official term is now 2(1)(e).
However, this Government has already expressed a desire to change the rules.
In her Ministerial Plan, Deputy Kristina Moore pledges to "update the 2(1)(e) policy to enhance the economic, social, and benefits to the Island from a fewer number of 2(1)(e) applicants, while valuing our high value resident community. This will include a review of available performance data and industry-engagement."
Pictured: Deputy Kristina Moore.
Last year, there were 25 applications for 2(1)(e) status and 23 were approved. In the past five years, 2017 saw the highest number of applications, at 36, with 34 approved.
The latest Government Plan, published last week, raised the minimum amount of tax that 2(1)(e)s have to pay by £25,000 to £170,000.
It's unclear that this stage what impact the decision to reduce efforts to attract wealthy immigrants will have on Locate Jersey, which is the Government department responsible for administering the scheme.
Today marks the first time each Minister has published a full plan of their key priorities for the key, and you can read Express's summary of the full set here.
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