Main Characteristics and the basic rules of Company registration in Jersey
Business expansion plans are cherished by many entrepreneurs but success in implementing such plans often depends on selection of the right destination! You may have such plans for your company as well. If you think tasting the market in a small country would be prudent before you start business operations in bigger countries, choose Jersey. Located near France’s Normandy coast, this small country was under the Kings of England and then it was ruled by the French monarchs. You can choose it to try your business prospects and expand to the neighboring France later. Our Jersey Company Formation packages can come in handy in this regard.
Despite its small size, Jersey is one of the top financial centers located in Europe and that is why a number of big companies target it for venture expansion. This has also been fueled by the investor friendly policies of the government and relaxed business tax norms. There is no withholding taxation on dividends, capital gains tax, and corporate income tax. On top of these, the FSC in Jersey does not need annual financial statements from companies operating in the country. The absence of VAT in Jersey has also lured many companies.
When you take business anywhere checking out the economic stability and political scenario becomes necessary. Jersey is known for a stable Government and its economy is also stable.
One good thing is you will not have trouble in finding suitable employees after expanding business in Jersey. The British cultural influence here is robust. Most residents can write and speak English fluently. As for financial transactions- the British pound remains the major currency. So, dealing with neighboring countries will not be problem for companies. These may sound exciting to you but seeking our consultancy will still be helpful. Feel free to check our Jersey Company Formation packages.
You can start different types of ventures in Jersey- as it is. A lot of foreign companies operating here offer services on tourism, hospitality and food. However, you can also try out other niches. Companies belonging to sectors like transportation, technology and IT services are also expanding in Jersey in recent times.
You can definitely consider Jersey for business operation expansion. Its pro-business conditions may inspire you. However, BRIS group can make your task even simpler by offering expert consultation services. Get in touch with us today to obtain the details on our Jersey Company Formation packages.
|Jersey Company Formation||Financial Advantages|
|Double Taxation Treaty Access:||No Treaty Access|
|Jersey Tax Information Exchange Agreements:||Yes, Jersey signs Exchange Agreements|
|Account Filing Requirements:||No accounting / reporting requirements|
|Annual Return Filing Requirements:||No annual return/ reporting requirements|
|Audit Requirements:||No audit required.|
|Jersey Company Formation||Registration Requirements|
|Share Capital:||GBP 10,000 Minimum paid up share capital GBP 1|
|Classes of Share Available for Jersey company formation:||Shares with or without voting rights, redeemable shares, registered shares, preference shares, shares of no par value|
|Bearer Shares:||Not Allowed|
|Registered Office Required:||Yes required and must be maintained in Jersey|
|Shareholders:||Minimum number is one|
|Directors:||Minimum number is one. Can be any nationality and need not be resident in Jersey. Corporate directors are allowed.|
|Your Company language:||English|
|Name of your Company must be ended:||“Limited”/Ltd, S.A.R.L.|
|Documents required for Hungary company formation:||A certified copy of your passport or ID and proof of your residential address dated less than 3 months.|
|Jersey Company Formation||Restrictions|
|For Jersey company formation you cannot use words in your company names without justification:||“Bank”, “Trustee Company”, “Assurance”, “Building Society”, ”Trust Company”, “Royal” etc.|
|Restrictions on Trading:||None|
|Not permitted without a licence:||Fund management, insurance, Banking, reinsurance, assurance, trust management, collective investment schemes, trusteeship business provision.|
|Jersey Company Formation||Confidentiality and Security|
|Publicly Accessible Records:||No public register of company officers (Directors, Shareholders, Secretary)|
|Nominee Shareholders and Nominee Directors:||Yes, Allowed|
|Disclosure of Beneficial Ownership to Authorities:||No|
|Meetings of Directors and Shareholders to be held:||Anywhere|
|Stability:||Assured jurisdiction and dependable reputation.|
|Capital city:||Saint Helier|
|Region:||Jersey is the largest of the Channel Islands, between England and France.|
|Political System:||Parliamentary Democracy|
|Governing corporate legislation:||Companies (Jersey) Law 1991, as amended|
|Type of Law:||Common|
|Currency:||Great British Pound (GBP)|
|Language of Legislation and Corporate Documents:||English|
This publication is provided for information purposes only. This info should not be treated as a substitute for a tax or legal consultation or legislation. You should not act on the basis of the information contained in this publication without having obtained individual advice from the professional expert.
BRIS GROUP does not assume responsibility for any damage resulting from decisions made by the reader on the basis of this publication.