Company Formation in Jersey

Roadmap

How long does it take to register a Company in Jersey?

• About 2 weeks

What are the steps to register a company in Jersey?

1. Initial consultation and agreement
2. Payment of the full invoice
3. [IF REMOTELY]: Notarization of POA by client
4. Preparation of registration documents
5. Document signed at the notary
6. Official register validity: immediately

Taxes

How high are the corporate income tax in Jersey?

• Exceptions for financial service companies (10% tax rate), utility companies (20% tax rate) and large corporate retailers (varies depending on the profits, maximum 20%)
• Company income from property or property development is also taxed at 20%. Any dividend or distribution from the company is taxable in the hands of the shareholder

What Double-tax treaties has Jersey?

• Cyprus, Estonia, Guernsey, Hong Kong, Isle of Man Liechtenstein, Luxembourg, Malta, Mauritius, Qatar, Rwanda, Seychelles, Singapore, United Arab Emirates, United Kingdom

• Australia, Denmark, Faroes, Finland, France (also has a tax information exchange agreement in force), Germany, Greenland, Iceland, New Zealand, Norway, Poland, Sweden

Decide first

1. Do you want to buy a ready-made company or start a new one?Do you want your name to be hidden in the registry?Does Jersey tax treaties include countries you are doing business with?

Documents to provide for company registration in Jersy

• Passport copies (a scan) of all individuals above, also beneficiary owner if applicable
• A Power of Attorney (in case of a remote company registration)
• Certified company documents (in case at least one of the shareholders is going to be a foreign company)

Information needed to get company registration in Jersy

• 3 options of your desired name for the company and a company contact email address
• Names, addresses and emails of all shareholders and board members
• Short description of your companies’ activity

Remote incorporation

• The whole incorporation process can be conducted remotely. No travel necessary. Notarization of documents is necessary
• A Power of Attorney (POA) from (all) partners is needed
• The POA is sent to you by us based on the services you want
• You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
• Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address
• Jersey being a territory under Great Britain sovereignty, it is therefore part of the Hague Convention of the Apostille

Accounting and auditing

• Annual corporate tax returns are compulsory and are to be filed online only
• It isn't possible anymore to file on paper

Residential requirements

What are the residential requirements in Jersey?

• PO mailboxes are not allowed
• The beneficial owner does not have to be a resident. His identity will be disclosed in registries even if using a nominee director and shareholder