The first annual general meeting must be held no later than 18 months from the incorporation of the Jersey Limited company. �����.�� E�ĩ]�p���䁒�;���R�������nx�CGG������7�\L�����7�~L��O^��&���S�/_���E٪L�$���ʪD�Y�\�*�LVۗ/��m�۾L~�%�z�"��7I�(Ъ�\"%��P@�*UxBMH����q�[���c������������}�����q��?��G|���[���� �V$�Ln��|!hy��p As the standard rate of Corporation tax is 0% and there is no withholding tax on dividends paid or received, Jersey is a tax neutral jurisdiction. You’ll either receive a certificate confirming that you’ve registered your business name, or the JFSC will contact you if there is a reason why your requested business name has been refused. p� _��! What costs are involved (initial and ongoing)and what are the advantages of doing this? To incorporate a company under CJL, the following must be delivered to the Registrar of Companies: 1. a statement of particulars, signed on behalf of the original subscribers. You should check that your preferred business name is not already registered, and that it complies with any guidance issued by the JFSC. Jersey Company Formation. This briefing has been prepared for the assistance of clients considering incorporating a private company under the laws of Jersey. Accounts need not be audited, but have to be filed with the Jersey revenue authorities. Guide. Principal Corporate Legislation . This is so your Income Support payments can be changed if necessary. Jersey Financial Services Commission (JFSC). endobj What are the requirements and features involved with setting up a company in Jersey? LLCs formed under New Jersey law have similar tax treatment and ease of operation that sole proprietorships do, but shield owners’ personal assets if the company has legal or financial problems. Under the Law anyone who does not comply with these provisions is guilty of a criminal offence and subject to a fine. <> The option of legal structure for the new company will probably be driven by tax, regulation and internal organisational considerations. Tax. Other guides in this series are mentioned in the text; they cover individual subjects in more detail. �WN݂�t���G'��؏^)�����Z���:�.D+Mn.ɳR��f'�$s��,�x�;=F��bz�������h�,@�H��5���9��+�=�h�#2r��VZ�4_�G�i >�Jk��f5��V�)�ԕ(��O0�[�tW�H����毕���]Z�&raΏ����(~C�Gj���wo�,��6����a�v���1K6�,c,��(��养Q�"&�tm��o��FvhG�c���|!`��ޘQ|�+���c�v@��a�!��V�N4�����4�I���Id�P��u�f_��1�=���J+?�����m� _���;r�T*X?���`R�b'y�?ѽx刍�#��=�\� 4PJ`0r�@�qr�tξ)���;\�,��\47�k�XJQ�yس�ե���ua� �:��f��ІvN��A�Lt�(����6��B=a,]Sf��W�j�e������C.�- .eL� "A���Bؕ�\,��A�rU�߄3�]؝L4a����?��)�Ec�5/���ns��)[�na�O,2���NN2-ʢMA����� ����'Ϥ=#��. Subscribe to Newsletter. Choose the service you want to log in to: Clear goods through customs or claim relief, View or update your States of Jersey job application. General Information. Your company must be approved and registered with the JFSC before you can apply for a business licence. It may be worthwhile taking advice from a solicitor or accountant as to whether an incorporated company is the best way for you to run your business. I am looking for someone who can help and manage to setup a limited company in Jersey which will be managed out there (so doesn't fail Central Management . Jersey Business Limited is a States-funded body (which trades independently of the States of Jersey) which provides advice to all individuals wishing to set-up a business in the Island. At any time, a private limited company can apply to the JFSC to be converted to a PLC and vice versa; Have the idea. In this type of company, the members can effectively underwrite the Company’s liabilities to the extent of own personal assets. Choose the ‘Easy Company … residential status. company search on the JFSC website. Monday to Friday 8.30am to 5pm for telephone and online enquiries only, Business LicensingPO Box 55Philip Le Feuvre HouseLa Motte StreetSt HelierJE4 8PE, This website is not compatible with your web browser. Setting up a company brings many obligations. How to get back control of self assessment. How to Register. Business Licensing guidance notes explain the law relating to gaining a business licence and employing staff. 1 0 obj A Jersey Exempt Company can enjoy these benefits: 100% foreign owners, no taxes, two shareholders, one director, low share capital, English is their official language. It is recommended that a client seeks legal advice on any proposed transaction prior to taking steps to implement it. The JFSC will contact you to take a £55 registration fee before your business name can be registered. Jersey is slightly cheaper to form a company typically around 500 GBP (typically Jersey formation costs are around 1750 GBP and over 2000 GBP in Guernsey). 1. :�H~~���"IOn|�� 1���5҃����ŧ>����q3�W��6I�� �������jqH�f��4���Џc�(.g�(J��u�F��6Y^ư��Z�VX��:Y�}�t���_��,���ٟg��k As our client, you will benefit from the joint expertize of local lawyers and international consultants. Jersey's economy is modelled on international financial services, agriculture and tourism. Log in Sign up. x��]����݀�_ Registering to trade as a limited company. <> making it simply easier and more cost effective to maintain a Jersey company in most cases. You'll need to let the JOIC know certain details about how you process personal information. Common. For more information, read our We offer competitive prices, multilingual staff, full confidentiality and support from day one. 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