Jersey
NEWS
FACT FILE
Location Channel Islands.
Time Zone Greenwich Mean Time (+1 hour for British summertime).
Population 98,000.
Capital St Helier.
Airport One.
Language English.
Currency Great British Pound (sterling).
Dialing Code + 44 1534.
Centre's Expertise Trusts, private wealth management and capital market transactions, mutual fund administration and management, specialist funds, international banking, insurance.
Political System Parliamentary democracy.
Legal System Customary law.
Personal Income Tax 0-20%.
Corporate Income Tax 0% as a standard rate with rates of 10% for certain regulated and financial activities (including banks, trust companies, investment managers and certain fund functionaries) and 20% for certain utilities companies.
Exchange Restrictions None.
Tax Treaties For full details, please go to www.ifcreview.com/TIEA
Permitted Currencies Any currency.
Minimum Authorised Capital No.
Minimum Share Issues No.
Shelf Companies Available.
Incorporation Time Scale Two days for a standard incorporation. Fast-track incorporation available in two hours.
Incorporation Fees Standard: £200, Fast-track: £400.
Annual Fees £150.
Minimum Number Private company: one, Public company: two.
Residency Requirements No.
Corporate Directors Allowed.
Meetings/Frequency No specific requirements.
Disclosure Yes.
Bearer Shares Not permitted.
Minimum Number Private company: one. Public company: two.
Public Share Registry No, but disclosure of membership once a year in annual return.
Meetings Frequency Annual general meeting (can be waived).
Annual Return Yes.
Audit Requirements Public company: mandatory. Private company: discretionary.
Registered Office Yes: must be situated in Jersey.
Domicile Issues None.
Company Naming Restrictions Yes.
ARTICLES
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/09/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/09/2018)
IFCs, ICOs and Blockchain: Time to Pay Attention
  IFCs are, to put it mildly, ‘at odds’ when it comes to cryptocurrencies. (31/07/2018)
Should there be a mandatory register of beneficial ownership of corporate structures in every country?
  Amy Bryant, Deputy Chief Executive Officer of Jersey Finance presents her stance. (30/04/2018)
IFCs and the Asian Wealth (R)evolution
  Asia Pacific has been the fastest growing region globally in terms of private financial wealth, considerably outstripping the global average. Indications are that this upward trajectory is set to continue. (01/01/2018)
Should there be a mandatory register of beneficial ownership of corporate structures in every country?
  The Big Debate: Jersey Finance’s Amy Bryant puts forward her argument. (30/11/2017)
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FURTHER BACKGROUND INFORMATION
  Jersey Tax Treaties
  Jersey currently has in place 42 tax agreements consisting of 11 DTAs and 31 TIEAs. - read more...
  read all