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registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
2890.00 USD 1575.00 USD 1 0.00%0-20% Нет Да

How to register company in Jersey

dzhersi.jpgJersey (officially called the Bailiwick of Jersey) is the largest of the Channel Islands which is located not far from the north-west coast of France (the Cherbourg Peninsula). The distance between the island and England is 160 km. The island with the area of 117 km2 is famous for its picturesque coast. The center of commerce of Jersey is Saint Helier.

The population of the island is inconsiderable in number and is approximately 82 thousand people. In order to curb the growth in the number of residents and avoid overpopulation of Jersey, the authorities introduced strict control over the immigration processes.

While French is the official language in the Royal Household of Jersey, English is the language of the Bailiwick’s business documentation. French is also used in making deals with real estate, which is located in the territory of the island.

The Jersey pound is the official currency of the island. It is possible to freely convert banknotes and coins of Jersey into the British pounds sterling.

Tourism brings great income to Jersey, and water sports are particularly developed and popular. Beautiful views, developed infrastructure, and slightly old-fashioned charm of Jersey make the island even more interesting in terms of tourism.

But at the same time, there is growing interest in the island among businessmen who tend to register company (offshore company) in Jersey.

The apparent reason in favour of this trend is evident national consent, the result of which is the success and prosperity of the island's economy. Therefore, small Bailiwick of Jersey is nowadays characterized by the growth of the economy and is considered as extremely prosperous.

Forms of business in Jersey

International business and investors use one type of companies that is the Jersey Company.

Legislative framework

The company shall be registered in Jersey in accordance with the Companies Jersey Law (1991). The company registered since 1993 can obtain the status of International Business Company (IBC) in Jersey.

Advantages of registering company in Jersey

  • The status of company exempted from taxation;
  • Annual maintenance is inexpensive for the company's owner;
  • State assistance of international business;
  • There is no currency control;
  • The Bailiwick of Jersey signed the Hague Convention (1961).

Peculiarities of IBC company in Jersey

  • The following words and their foreign equivalents can not be used in the company name: Building Society, Jersey, Bank, Savings, Assurance, Loans, Insurance, Reinsurance, Council, Chamber of Commerce, Co-operative, Trustees, Finance, Trust, International;
  • It is not possible to select the name for the company similar to the names of well-known international corporations;
  • The word Limited (or its French analogue - SARL) should be at the end of the company name;
  • The company can conduct activities even with the participation of one director. But provided that the director is natural person. There can be any citizenship of the director. Information about the director is kept by the registered agent and in the state register. These data are not publicly available;
  • Any person can become the company’s secretary. But one and the same person can not be both the secretary and the director;
  • The meetings of shareholders shall be held annually in the territory of Jersey. The first meeting should be held after the expiry of the period of 18 months after the registration of the company;
  • The company can have two and more shareholders, the data on whom are available and stored in the same state register;
  • Only registered shares are allowed to be issued.

Taxes, bookkeeping and offshore zones in Jersey

  • The offshore company in Jersey is exempted from paying all taxes, which in turn are replaced by license fee, the amount of which is fixed. Regardless of the amount of the declared authorized capital, the fee equals to £ 600. Each year, as of March 31, the amount should be paid by the company.
  • IBC company is the tax resident of Jersey, but the tax rate for it is minimal (0.5% - 2%).

The company in Jersey is obliged to:
- submit annual report,
- maintain accounting records.

The cost of the company's maintenance includes submission of the required annual reporting.

In order to register company in Jersey, you need to apply for us. We will help you register company (offshore company ) in any world jurisdiction quickly and at a low price. The client will obtain free consultation concerning all offshore zones in Jersey. It is now easy to buy company in Jersey, and most importantly, it is profitable and promising!

Set of documents
   
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Nominee director and shareholder
   
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General information
Square116.00
Population94.95
CapitalSaint Helier
State polityParliamentary democracy
Telephone code441 534
locationWestern Europe, island in the English Channel, northwest of France
ClimateTemperate; mild winters and cool summers; avg. maximum temperature (July) +30°; avg. minimum temperature (January) 0°
Ethnic groupsJersey 51.1%, Britons 34.8%, Irish, French, and other white 6.6%, Portuguese/Madeiran 6.4%, other 1.1%
National currencyJersey pounds
USD exchange rate0.63
GDP per capita6
Official languageEnglish
Credit ratingN/R
The judiciaryRoyal Courts of Justice, the Court of Appeal
Executive authorityHead of government: Chief Minister. Government: Cabinet
Legislative authoritiesunicameral Assembly of the States of Jersey (58 seats)
Corporate information
Opportunity to purchase ready-made companiesNo
Legal systemLargely based on English Common Law, with many French features
The use of the Cyrillic alphabet in the nameNo
Local registered officeNo
Indication of BPA in the nameLimited or Avec Responsabilité Limitée or abbreviations Ltd and arl
Local registered agentNo
Shares and share capital
Standard currencyPound sterling
The minimum amount of the issued capitalNo
Bearer sharesNo
Possibility to issue shares without par valueNo
Taxation
VATNo
Basic corporate tax rate0.00%
Basic corporate tax rate0-20%
Capital gains taxNo
Currency controlNo
Corporate tax rates details0% - 10%. Updated February 2018:Standard rate of corporate income tax applying to Jersey resident companies or non-Jersey resident companies that have PE in Jersey is 0%. 10% rate applies to certain companies that meet definition of “financial services company” and 20% rate applies to certain companies that meet definition of “utility company,” to certain retailers in Jersey (as from 1 January 2018) and to certain other profits.
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedYes
The data reveals to the local agentNo
Data field to the public registryNo
The requirement for the presence of the SecretaryYes
Requirement to the residense of the SecretaryYes
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerYes
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentYes
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsYes
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsYes
Treaty on avoidance of double taxation (States which signed)12
Membership in the OECDNo
Is it offshore according to Russian legislationYes
Trademark Registration
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