THE MAIN CHARACTERISTICS OF JERSEY COMPANY

General

Type of entity Company Limited by Shares
Type of law Common
Shelf company availability No
Our time to establish a new company 10 – 14 days
Corporate Taxation 0% – 10%
Government fees GBP 200
Double taxation treaty access Yes, but not numerous

Share Capital or Equivalent

Standard currency GBP
Permitted currencies Any
Minimum paid up GBP 1
Usual authorised GBP 10,000

Directors

Minimum number One
Local required No
Location of meetings Anywhere
Publicly accessible records No

Shareholders

Minimum number One
Corporate shareholders permitted Yes
Publicly accessible records Yes
Location of meetings Anywhere

Company Secretary

Required Yes
Local or qualified No

Accounts

Requirement to prepare Yes
Audit requirements No
Requirement to file accounts No
Publicly accessible accounts No

Other

Requirement to file annual return Yes
Change in domicile permitted Yes

Presentation of jurisdiction

Located between France and England, Jersey is the largest of the Channel Islands with a population of 90,000 inhabitants. Jersey is a self-governing parliamentary democracy protected by the British army. For years, Jersey benefits its geographical location, which has helped to create an excellent banking and investment base with large offshore industry and well-developed trust sector.

Who and for what should choose Jersey Company:

Who?

  • Entrepreneurs;
  • Consultants;
  • Stockbrokers;
  • Holding companies.

Which activities?

  • International trade;
  • Inheritance tax purposes;
  • Holding of intellectual property rights (IP);
  • Ownership of movable and immovable property;
  • E-Commerce.

INTEREST OF THE JURISDICTION OF JERSEY

Advantages of a company in Jersey:

  • No corporate tax for most business activities.
  • Highly respected offshore centre.
  • One of the most developed infrastructures of trust companies, banking services and accountants.
  • Allowed control and management from Jersey.

Disadvantages of a company in Jersey:

  • Considered as an expensive jurisdiction.
  • Disclosure of beneficial ownership is required, but only to the authorities, not to the public.

How to proceed

To incorporate or purchase a company the following documentation should be provided:

  • A completed application form signed by the company or by the representative;
  • Copy of valid passport;
  • A personal bill, which is less than 3 months old from the date of the application;
  • Payment of our fees.

Note: additional documents may be required depending on the certain offshore bank.

Set-up time: From the moment, we are in possession of all required documents:

  • Incorporation of a company or purchase of an existing company: 3 days;
  • Delivery of the original company documents: 15 days;
  • Offshore Bank: offshore bank account opening: 3 weeks.