Jersey Company Formation
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The largest of the Channel Islands, Jersey lies some
fourteen miles from France and is 45 square miles in area.
Now has the reputation as one of the most trustworthy
offshore centres in the world due to its sophisticated legal structure,
exhaustive due diligence procedures and the wide knowledge base of the law
offices which run most of the superior banking and investment business.
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Fees for Registering and Maintaining Companies
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Purchase
& First Year’s Maintenance
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Second &
Subsequent Years’ Maintenance
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Formation / Provision of Company
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£1,065.00
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£100.00
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Company Secretarial Maintenance / Statutory Compliance
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£700.00
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£500.00
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Annual Return
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N/A
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£150.00
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Annual Government Duties/Filing Requirements
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£600.00
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£600.00
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NET Total
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£2,050.00
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£1,550.00
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VAT (if applicable to invoicee)
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£253.75
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£140.00
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GROSS Total if VAT Applicable
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£2,303.75
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£1,690.00
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Optional Extras
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Nominee Director / Shareholder per annum
[NB, one nominee may act in both capacities for one
Beneficial Owner, and only one Nominee is used for each such Beneficial
Owner. Check Data Sheet for Minimum No. of Officers/Members]
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£500.00
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£500.00
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Certificate of Good Standing
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POA
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Government Certified Copy Memorandum & Articles
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POA
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[NB. Value Added
Tax is applicable to all items, except Government Duties, subject to rules on
VAT local to the person/firm/company A1 Company Services Limited raises its
invoices to]
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Information on Corporate Vehicles
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Statutes
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Companies Law (Jersey) 1991
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Types
of Company
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Resident Exempt
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Time
to Incorporate
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3 to 5 days following name
reservation and completion of due diligence procedures which can take 2 to 3 weeks.
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Info
required prior to Incorporation
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Full particulars of
beneficial owners, officers, members and the Company’s primary objectives.
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Off
the Shelf Companies
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Not Available.
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Company
Name
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Must end with the word
“Limited” and many words are deemed “sensitive”, requiring justification
prior to use.
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Members
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Minimum of Two.
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Directors
& Secretary
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Minimum of One of Each
required; Corporate Secretary Only Permitted; No Restrictions on Location.
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Share
Capital
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Usual Minimum of £2,000.
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Bearer
Shares
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Not Permitted.
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Registered
Office / Agent
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Requirement for a local
Registered Office & agent.
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Papers
to be kept at Registered Office
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Registers of Members and
Officers. Minutes of all meetings.
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Public
Information
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Officers, Members, Annual
Returns, Registered Office, Memorandum & Articles of Association.
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Corporate
Books & Seal
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Usually maintained at
Registered Office.
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Meetings
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No Restrictions.
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Annual
Return
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Required.
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Annual
Accounts
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Required for both types of
Company although only Resident companies need file their accounts with the
revenue authorities.
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Audit
Requirements
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None although advisable.
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Exchange
Controls
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None.
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Government
Duties
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£130 Annual
Return Fee.
£600 Annual
Exempt Company Status Fee.
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Taxation
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Exempt Status Companies: £600
flat rate per annum.
Resident
Companies: 20%
of profits.
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Double
Tax Treaties
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UK. Guernsey and France
(the latter is limited in scope)
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Migration
/ Re-Domiciliation
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Migration into and out of
Jersey is NOT permitted.
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Advantages
of Jurisdiction
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Very highly regarded due to
stringent compliance laws and long standing expertise as an offshore centre.
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Disadvantages
of Jurisdiction
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Cost prohibitive and Full
Disclosure Requirements.
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