Jersey Company Formation

Jersey is a British Crown Dependency, located close to the northwest coast of France. Jersey implemented a new tax reform at the beginning of 2009 with the introduction of the zero/10 regime. Essentially, this stipulates a 0% standard corporate profits tax rate and 10% corporate profits taxation for certain company activities in the financial services sector.  

The Jersey Financial Services Commission is a statutory body that provides regulation of the financial services industry in Jersey. The Jersey FSC regulates all banking, insurance and fund management companies, as well as governs the system for licensing company incorporation service providers.  Further information can be found on the Jersey FSC website .  

As an international company incorporation specialist, Healy Consultants utilizes international experience along with a broad network of business associates to assist entrepreneurs fulfill their Jersey objectives.

Company formation in Jersey is in a reputable jurisdiction. The island is a highly regarded jurisdiction due to stringent compliance laws. The UK positively ranks as the 17th least corrupt country in the world, according to the 2009 Corruption Perceptions Index by Transparency International, a global measure of corruption amongst public officials and politicians.      

Jersey company formation is a corporate structure that enjoys no corporation tax. Exceptions to this include i) companies in the financial services where a 10% tax rate is applied, ii) local utility companies who pay 20% and iii) rental income profits from property development that will continue to incur 20% a tax rate.    

Jersey companies incorporated for overseas corporate groups or private clients will be taxed at 0%. Companies who are part of a group and taxed at 0% have the advantage of being able to pass on losses in order to offset the profits of another company in the group. Although the companies are themselves taxed at a 0% rate, this group relief will also affect the Jersey resident shareholders personal tax assessments on distributions from such a company.

There are no minimum capital requirements with Jersey company formation.

For Jersey company formation, a minimum of one director is required and need not be a resident in Jersey. However, corporate directors are not permitted.

Investors planning Jersey company formation can benefit from the close proximity to mainland Europe.

Healy Consultants will assist our Clients open international corporate bank accounts to support Jersey company formation.

1.

Despite its stringent compliance laws, Jersey may be perceived as an offshore tax-haven.

2.

A Jersey zero tax rate company cannot invest in the United Kingdom.

3.

A minimum of two shareholders are required for Jersey company formation. Corporate shareholders are permitted under Jersey company formation law.

Following Jersey company formation, annual accounts must be submitted to the government.

Following Jersey company formation, shareholders and directors details are available for public viewing at the official register at the Companies Registration Office.