Jersey (Channel Islands) is the most appreciatedoffshore jurisdiction in the world, where a large number of international investors have companies or protected assets. Being a solid financial center and providing appealing taxation, Jersey is optimal for business. We invite you to read the following lines and explore the main business characteristics, company types, and more to better understand how to start a company in Jersey. You have at your disposal complete support from our Bridgewest team in the company formation process.
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Main company types in Jersey
If you want to incorporate a business in Jersey, it is best to explore the available options:
- the private limited company (LTD) is the most popular business option in Jersey. Most investors from abroad choose this structure for international trading, various types of investments, or simply for holding assets;
- the public limited liability company (PLC) is another proper business entity available in Jersey for foreign entrepreneurs. This structure can have no more than 30 shareholders, and it is subject to audited accounts and rigorous compliance;
- cell companies (PCC) are available for entrepreneurs interested in fund management in Jersey;
- incorporated and separate limited liability partnerships have legal personalities and are also proper business choices for international entrepreneurs in Jersey.
These are some of the most popular business choices in Jersey. Please explore your options and get in touch with us for more details about how to open an offshore company in Jersey.
Opening an offshore company in Jersey
Company formation in Jersey involves the following conditions & formalities:
- one must appoint a representative agent to open an Ltd in Jersey. Our consultants can act as company representatives in Jersey;
- it is important to have a registered business address, respectively a physical office, plus a company secretary for a private limited company in Jersey;
- an offshore company can be set up as a private limited company with as little as GBP 1 or JEP 1, as both currencies are available and have the same value in Jersey;
- at least one shareholder is required to open a private limited company in Jersey. The business must also have at least one director;
- the company name must be verified and reserved with the Jersey Financial Services Commission;
- registering a Ltd in Jersey also requires a specific application for issuing shares;
- the money-laundering policies must be implemented alongside know-your-customer compliance.
Considering this information, we invite you to discuss further details about opening an offshore company in Jersey with our local specialists. We assist throughout the entire formation process and also act with a power of attorney for company representation in front of the relevant authorities.
Investing in Jersey – Why is this offshore jurisdiction preferred by foreign investors?
Jersey offers an appealing tax regime to international entrepreneurs. Most companies enjoy 0% corporate tax. Nonetheless, large corporations with annual turnover exceeding GBP 2 million are subject to 20% corporate income tax in Jersey. Here are other types of taxes in Jersey:
- specific financial companies in Jersey pay 10% corporate income tax;
- 5% is the standard goods & services tax rate in Jersey. Exemptions apply;
- there are no capital gains, gift, or inheritance taxes in Jersey.
Are you ready to open a company in Jersey? You are invited to explore our services and contact our experts in company formation in Jersey. A free case evaluation is offered to our new customers.