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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.

INTEREST OF THE JURISDICTION

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.

Possible 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:

01

A completed application form signed by the company or by the representative

03

A personal bill, which is less than 3 months old from the date of the application

02

Copy of valid passport

04

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:

3 days

Incorporation of
a company or purchase
of an existing company

15 days

Delivery of the original
company documents

3 weeks

Offshore Bank: offshore
bank account opening