Jersey

Jersey is an island with its own self-government, but under the authority of the British Crown. It has its own legislation and taxation. Located in the English Channel.

Much of Jersey's economy is focused on the international financial and legal services sector. Jersey is a so-called 'tax haven' (offshore) and therefore attracts a huge number of investors from all over the world wishing to reduce their tax payments. Other sectors include construction, retail, agriculture and tourism.
The official currency of Jersey is the pound sterling. Languages — English and French.

6 simple steps to purchase a company

  1. choosing a country

  2. choosing a bank

  3. payment (by any method)

  4. sending documents

  5. company registration

  6. bank account opening

Main advantages

From all the possible types of advantages that open up to the founders when incorporating a company, it is definitely worth noting:

  1. The territory is considered an EU customs zone.
  2. A stable economic situation.
  3. Lack of currency controls.
  4. Access to the international market.
  5. The storage location for company documents can be any location.

Organisational and legal forms of companies

According to current laws it is possible to register your company in the following legal forms:

  1. A Public or Private Company with Limited Liability by Shares.
  2. Limited Liability Company by Guarantee.
  3. Unlimited company.

The most profitable form of business in Jersey is a private limited company, also known as an IBC (International Business company). The company name must include the words: Limited/Ltd, S.A.R.L.

Features of company incorporation

Based on the analysis of the current legislation regulating the activities of business entities, the following can be highlighted with regards to the specifics of the process of registering your business:

  1. In accordance with legislation there is a requirement for a registered company office at the company's place of incorporation.
  2. Requirement for company shareholders: a minimum of two persons of any residency, including corporate entities.
  3. A minimum of one director is required.

Taxes and fees

The state has the following features for levying taxes and fees

A company in Jersey is required to submit an annual report and maintain accounting records.

The corporate tax rate for resident companies is 0% on income earned in and outside the country. There are some exceptions. They concern the following areas of activity:

  1. Financial and banking companies are taxed at a rate of 10%.
  2. Municipal enterprises are required to calculate income tax at 20%.

A non-resident company shall not pay income tax if it meets the established requirements:

  1. Management and control are exercised outside the jurisdiction of Jersey;
  2. There must be tax residency in another country;

Strictly licensed activities: fund management; insurance companies; banking.

No VAT.

If you have any questions, please fill in the contact form below, and we will reply as soon as possible