Frequently Asked Questions about Jersey
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.
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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. |
| The following are some of the most frequently asked questions about Jersey Company Formation: |
What is the minimum number of directors required for a Jersey company?
Under statutory regulations, a Jersey company requires a minimum of one director. |
Is a resident director required?
A Jersey company does not require a resident director. |
What is the minimum number of shareholders required for an Jersey company?
A minimum of two shareholders is required to incorporate a Jersey company. |
Are shareholder/director details available for public viewing?
Yes, at the Companies registration office. |
What are the minimum capital requirements for a Jersey company?
A Jersey company has no minimum share capital requirement. However for a Jersey exempt company a minimum share capital of US$20,489 is required. |
Is a Jersey company required to submit an annual tax return and/or financial statements?
All companies in Jersey are not obligated to submit an annual tax return. A Jersey exempt company is not required to file any form of accounts and also there are no requirements for a private company’s financial statement to be audited. |
What are the tax implications of a Jersey Company formation?
Jersey company formation is an ideal way to book international profits without paying corporation tax. A Jersey Exempt company is legally exempt from tax on international profits. Exempt companies pay an annual fee of US$1,190. Thereafter no tax is payable other than on income earned through an established place of business in Jersey. |
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