TAXATION

Jersey exempt companies pay no taxes in Jersey but are subject to a flat rate corporate duty of €900 per annum irrespective of profit.

SHAREHOLDERS

A minimum of two shareholders are required and details appear on the public file but anonymity can be retained by the use of nominee shareholders.  Please note that details of the beneficial owner of the company must be communicated to the Jersey authorities but that information is protected by secrecy provisions.  Bearer shares are not permitted.

DIRECTORS

A minimum of one director is required. Corporate directors are not permitted.  De­tails of directors must be kept at the registered office and are disclosed to the Registrar, but do not appear on public file.  Further anonymity can be preserved by the use of third party directors.

ANNUAL REPORTING

An annual return which gives details of all current shareholders must be filed at the public registry in January of each year.  It should be noted that fines are payable if a company fails to file its annual return on the due date.

TIMESCALE

Incorporation can be achieved within approximately fourteen working days.  Ready made companies are not available as the requirement to reveal details of the beneficial owner before incorporation means that it is not possible to incorporate companies except upon the instructions of a client.

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.

LOCAL
REQUIREMENTS

As a matter of local company law the company MUST maintain a registered office address within Jersey and it is normal practice and a practical but not legal requirement for a Jersey resident company secretary to be appointed.  We would generally provide these services as part of the domiciliary service fee.