Type of Company – Non Resident with Exempt Company Status.
Legislation – The Jersey Company Law 1991 as amended, based upon English Law.
Company name – The word ‘Limited’ must be part of an English name. If a French title is preferred, the words ‘avec responsabilité limitée’ may be used.
Time-scale for incorporation – 10 to 12days.
Disclosure of beneficial owners prior to incorporation is required.
Double tax treaties - Currently, agreements concluded with Guernsey and the United Kingdom and a limited one with France.
Ready-made companies are NOT available.
Money laundering legislation is in existence.
Local Requirements
Registered Office and Registered Agent must be maintained.
Company Secretary is required and may be a natural person or corporate body and there are no residency requirements. However, a sole director cannot also act as a secretary.
Public recording of shareholders and directors are required, but anonymity is retained through nominees.
Accounts and Audit requirements are NOT required for public filing, but keeping of accounting and book records is required, as these may be requested by the Registrar or other authorities in Jersey.
Corporate Requirements
Minimum number of shareholders – Two (2). May be natural persons or bodies corporate and can be of any nationality or residency.
Minimum number of directors - One (1). May be a natural person only and can be of any nationality or residency.
Minimum capital requirement – None
Standard Authorised Capital – GBP£2,000
Bearer shares are NOT permitted.
Corporate Directors are NOT 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.
Annual Government Exempt fee of GBP£600 is required.
Taxation – Totally exempt from income tax in respect of income from sources outside Jersey.
