Aspen Trust

General Information

• Type of Company – Public Limited Company
• Legislation – Common Law
• Company name – Non-English company names are allowed
• Time-scale for incorporation – 2 days
• Double tax treaties - Wtih UK and Guernsey
• Shelf companies are not available
• Money laundering legislation is in existence

Local Requirements

• Registered Office must be maintained
• Company Secretary is required and may be a natural person or corporate body and there are no residency requirements
• Public recording of shareholders and directors are required
• Accounts and Audit requirements are required for public filing

Corporate Requirements

• Minimum number of shareholders – Two (2)
• Minimum number of directors - Two (2). May be a natural person only and can be of any nationality or residency
• Minimum capital requirement – GBP1.00
• Standard Authorised Capital – GBP£10,000
• Bearer shares are NOT permitted
• Corporate Directors are permitted

Annual Requirements

• Annual return and annual statutory meetings are required, together with an Annual Return filing fee of GBP£150
• Statutory accounting is required
• Taxation – Totally exempt from income tax in respect of income from sources outside Jersey