Local Registered Office and Registered Agent Required
Yes
Minimum Number of Directors/Managers
1
Local Directors Required
No
Corporate Directors Permitted
Yes
Minimum Number of Shareholders/Members
2
Local Shareholders Required
No
Corporate Shareholders Permitted
Yes
Company Secretary Required
No
Bearer Shares Allowed
No
Annual Requirements
Filing of Annual Return
Yes,
￡150
Submit Audited Accounts
No
Min. Annual Tax / Licence Fees
US$300
Shelf Companies Available
No
GENERAL
INFORMATION
INTRODUCTION Jersey is situated off the
northwest coast of France. It is about 160 km south of England and only 20 km
from France. It is the largest of the Channel (Normandy) Islands, with a total
land area is 117 sq. km. The population of Jersey is approximately 82,000 and
effective immigration controls exist to restrict future growth. The constitutional
relationship between the Channel Islands and the United Kingdom are unique, differing
from colonial and overseas dependencies of the Crown. The Island￡s Parliament
and legislative assemblies have the exclusive right to legislate on domestic affairs
(including taxation), although Jersey￡s foreign affairs are the UK￡s responsibility.
The financial services sector provides Jersey￡s main source of income,
and the tourist industry has always been very important to the Island￡s economy.
There are various other less significant sources of income, including agriculture
and fishing.
LANGUAGE The official language is English although
French is widely spoken.
TYPE OF LAW English Common Law with
many French features.
COMPANY INFORMATION
TYPE OF COMPANY
FOR INTERNATIONAL TRADE AND INVESTMENT Exempt Company
TIME TO
INCORPORATE One Day, but allow ten working days for receipt of documentation.
RESTRICTIONS ON NAME AND ACTIVITY Names must end with the word "Limited". The following words and their associated activities can not
be used: Assurance, Bank, Building Society or any other words deemed sensitive
or offensive.
CLASSES OF SHARES PERMITTED Registered shares,
shares of no par value, preference shares, redeemable shares, non-redeemable shares
and shares with or without voting rights.
DISCLOSURE OF BENEFICIAL
OWNERSHIP TO AUTHORITIES Yes.
LICENCE FEES Exempt companies
pay an annual licence fee of ￡600 per year.
FINANCIAL STATEMENT REQUIREMENTS Whilst
there is no requirement to file annual audited accounts with the authorities,
a company is required to keep financial records, which reflect the financial position
of a company.
Whilst every effort has been made to ensure that the
details contained herein are correct and up-to-date, it does not constitute legal
or other professional advice. We do not accept any responsibility, legal or otherwise,
for any error or omission.
