Jersey Company Formation

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.

Fees for Registering and Maintaining Companies

 

Purchase & First Year’s Maintenance

Second & Subsequent Years’ Maintenance

Formation / Provision of Company

£1,065.00

£100.00

Company Secretarial Maintenance / Statutory Compliance

£700.00

£500.00

Annual Return

N/A

£150.00

Annual Government Duties/Filing Requirements

£600.00

£600.00

NET Total

£2,050.00

£1,550.00

VAT (if applicable to invoicee)

£253.75

£140.00

GROSS Total if VAT Applicable

£2,303.75

£1,690.00

 

 

 

Optional Extras

 

 

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]

£500.00

£500.00

Certificate of Good Standing

POA

 

Government Certified Copy Memorandum & Articles

POA

 

[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]

Information on Corporate Vehicles

Statutes

Companies Law (Jersey) 1991

Types of Company

Resident                                               Exempt

Time to Incorporate

3 to 5 days following name reservation and completion of due diligence procedures which can take 2 to 3 weeks.

Info required prior to Incorporation

Full particulars of beneficial owners, officers, members and the Company’s primary objectives.

Off the Shelf Companies

Not Available.

Company Name

Must end with the word “Limited” and many words are deemed “sensitive”, requiring justification prior to use.

Members

Minimum of Two.

Directors & Secretary

Minimum of One of Each required; Corporate Secretary Only Permitted; No Restrictions on Location.

Share Capital

Usual Minimum of £2,000.

Bearer Shares

Not Permitted.

Registered Office / Agent

Requirement for a local Registered Office & agent.

Papers to be kept at Registered Office

Registers of Members and Officers. Minutes of all meetings.

Public Information

Officers, Members, Annual Returns, Registered Office, Memorandum & Articles of Association.

Corporate Books & Seal

Usually maintained at Registered Office.

Meetings

No Restrictions.

Annual Return

Required.

Annual Accounts

Required for both types of Company although only Resident companies need file their accounts with the revenue authorities.

Audit Requirements

None although advisable.

Exchange Controls

None.

Government Duties

£130 Annual Return Fee. £600 Annual Exempt Company Status Fee.

Taxation

Exempt Status Companies:                 £600 flat rate per annum. Resident Companies:                                        20% of profits.

Double Tax Treaties

UK. Guernsey and France (the latter is limited in scope)

Migration / Re-Domiciliation

Migration into and out of Jersey is NOT permitted.

Advantages of Jurisdiction

Very highly regarded due to stringent compliance laws and long standing expertise as an offshore centre.

Disadvantages of Jurisdiction

Cost prohibitive and Full Disclosure Requirements.
 
Terms & Conditions