Offshore Investor ...
 

TRANSLATE THIS PAGE
Ubersetzen Sie diese Seite auf Deutsch    Traduisez cette page en Francais
Traduca questa pagina in Italiano  Traduza esta pagina no Portugues   Traduzca esta pagina en Espanol
offshore banking, off-shore companies, off shore incorporations, tax havens, ibc, offshore merchant accounts, online banking, internet banking, caribbean, cayman islands, tax exempted LLC, asset protection, offshore credit cards, camouflage passports, maildrop, anonymity, privacy, diplomatic passport, Bahamas, Panama, BVI, Cayman, Costa Rica, Delaware, Liechtenstein, Switzerland

 
           
 



Leave us a message

 
 All Major Cards Accepted

 

 

 


  Professional offshore incorporations and offshore banking services since 1996


Company Incorporation
Jersey

 

Jersey is the largest of the Channel Islands and lies in the English Channel off the north west coast of France. The population is approximately 75,000 with the principal centre of business activity being St. Helier. 

The Channel Islands have a unique constitutional arrangement with the UK. The Islands are possessions of the English Crown as distinct from colonial and overseas dependencies of the United Kingdom and accordingly the locally elected legislative assemblies have the exclusive right to legislate on matters of domestic concern to the Islands (including taxation) whilst the United Kingdom Home Office is responsible for the external affairs of the Islands.

The Islands are associated members of the European Community and as such are only subject to European law in so far as they specifically contract in to the European Community. Thus they have elected to become part of the common tariff and agricultural levy system but are not subject to European law in most other areas.

The official language is English although French is still widely spoken and the legal system is based upon a mixture of English and French law.

Jersey has signed double taxation agreements which provide for the exchange of information with the United Kingdom and with Guernsey so UK residents should carefully consider whether Jersey is the correct place in which to set up an offshore structure.

JERSEY EXEMPT COMPANY

Companies which are incorporated in Jersey but which are owned by non-residents of Jersey and do no business with Jersey resident individuals or corporations can be granted exempt status in Jersey. Such companies have the following characteristics:

TAXATION

Jersey exempt companies pay no taxes in Jersey but are subject to a flat rate corporate duty of 500 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. De-tails 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.

 

JERSEY OFFSHORE INFORMATION

One of the most if not the most highly respected jurisdiction suitable for all types of companies such as high profile trading companies or investment companies.  Can be expensive.  Disclosure of the beneficial owner to the Jersey authorities is required.

ADVANTAGES

Probably the most highly respected offshore centre, seeking only the cream of the business. Highly sophisticated infrastructure of trust companies, banking services, accountants etc. Recently introduced legislation allows control and management from Jersey.

DISADVANTAGES

High respectability and sophisticated infrastructure comes at a high price

CORPORATE LEGISLATION SOURCE

The Companies (Jersey) Law 1991

COMPANY STATUS

Resident  -  Taxed at 20% of profits

Exempt  - Taxed at flat rate of 600 p.a.

USUAL MINIMUM CAPITAL

2

COMPANY NAME

Prior approval required.  Many words sensitive eg Bank, Trust etc.  Must end  'Limited'

TIME TAKEN TO INCORPORATE

7- 10 days.  Same day urgent incorporation available

ARE shelf COMPANIES AVAILABLE

No

CAPITAL DUTY

0.5%  (With a minimum of 50) + Judicial Fee 130

MINIMUM NUMBER OF SHAREHOLDERS

Two

ARE BEARER SHARES / SHARES OF NO PAR VALUE POSSIBLE?

No / No

DIRECTORS: MINIMUM NUMBER / CORPORATE DIRECTORS ALLOWED / LOCATION

Two / No / No restriction

SECRETARY: MANDATORY / CORPORATE SECRETARY ALLOWED / LOCATION

No but usual / Yes / No restriction

IS THERE A REQUIREMENT FOR A REGISTERED OFFICE / REGISTERED AGENT

Yes / No

IS THERE A REQUIREMENT BY THE AUTHORITIES PRIOR TO INCORPORATION OR PRIOR TO TAX STATUS BEING GRANTED

Beneficial ownership must be disclosed to the authorities and references may be required

INFORMATION AVAILABLE ON PUBLIC FILE

Shareholders,  Registered Office, Annual Returns

DOCUMENTS TO BE KEPT AT REGISTERED OFFICE

Register of  Directors and shareholders

CORPORATE BOOKS AND SEAL

Both required and usually retained at the Registered Office

ACCOUNTS REQUIRED / FILED

Resident  - Yes / Only for revenue authority

Exempt  - No  / No

ANNUAL RETURN REQUIRED

Yes

WHERE ARE MEETINGS TO BE HELD

Annual General Meetings of  Shareholders in Jersey,  otherwise no restrictions

ANNUAL FEES PAYABLE TO THE GOVERNMENT: TAX / ANNUAL RETURN FILING FEE

Resident  - 20% profits / 130 by 28/2

Exempt  - 600 by 31/3 / 130 by 31/1

Late Penalties: 100 paid by 31 March.  100 further penalty later than 31 March. Strike off for non-payment 31 October

ARE THERE ANY EXCHANGE CONTROLS

None

DOUBLE TAX TREATIES

UK and Guernsey


ORDER


Find related books

FIND/BUY RELATED BOOKS!



 


Please go to our Uses of offshore Companies Page where you will find interesting information on the benefits of using offshore companies and trusts for business and personal use, links to information on other locations and details of our products and services.

 



HOME

 

| Home | About us| Disclaimer | Privacy Policy | Terms of Business | PGP & Security Matters | SiteMap |
| Contact us | Ph:+44 165 264 1325; +1 (302) 283.3780; US Toll Free: 877 833.7040; 
Fax:+1 (212) 202.6468; Fax:+44 (207) 900.1987
© 1996-2012 OffshoreSimple Inc