|
|
| JURISDICTIONS & FEES |
| Jersey |
| HKCFM Rating |
*** |
| General |
| Type
of Company |
Exempt |
| Political
Stability |
Good |
| Standard
Authorised Capital |
No |
| Tax
on Offshore Profits |
Nil |
| Corporate Requirements |
| Local Registered Office and Registered Agent Required |
Yes |
| Minimum Number of Directors/Managers |
1 |
| Local Directors Required |
No |
| Corporate Directors Permitted |
Yes |
| Minimum Number of Shareholders/Members |
2 |
| Local Shareholders Required |
No |
| Corporate Shareholders Permitted |
Yes |
| Company Secretary Required |
No |
| Bearer Shares Allowed |
No |
| Annual Requirements |
| Filing of Annual Return |
Yes,
ˇę150 |
| Submit Audited Accounts |
No |
| Min. Annual Tax / Licence Fees |
US$300 |
| Shelf Companies Available |
No |
|
GENERAL
INFORMATION
INTRODUCTION
Jersey is situated off the
northwest coast of France. It is about 160 km south of England and only 20 km
from France. It is the largest of the Channel (Normandy) Islands, with a total
land area is 117 sq. km. The population of Jersey is approximately 82,000 and
effective immigration controls exist to restrict future growth. The constitutional
relationship between the Channel Islands and the United Kingdom are unique, differing
from colonial and overseas dependencies of the Crown. The Islandˇęs Parliament
and legislative assemblies have the exclusive right to legislate on domestic affairs
(including taxation), although Jerseyˇęs foreign affairs are the UKˇęs responsibility.
The financial services sector provides Jerseyˇęs main source of income,
and the tourist industry has always been very important to the Islandˇęs economy.
There are various other less significant sources of income, including agriculture
and fishing.
LANGUAGE
The official language is English although
French is widely spoken.
TYPE OF LAW
English Common Law with
many French features.
COMPANY INFORMATION
TYPE OF COMPANY
FOR INTERNATIONAL TRADE AND INVESTMENT
Exempt Company
TIME TO
INCORPORATE
One Day, but allow ten working days for receipt of documentation.
RESTRICTIONS ON NAME AND ACTIVITY
Names must end with the word "Limited". The following words and their associated activities can not
be used: Assurance, Bank, Building Society or any other words deemed sensitive
or offensive.
CLASSES OF SHARES PERMITTED
Registered shares,
shares of no par value, preference shares, redeemable shares, non-redeemable shares
and shares with or without voting rights.
DISCLOSURE OF BENEFICIAL
OWNERSHIP TO AUTHORITIES
Yes.
LICENCE FEES
Exempt companies
pay an annual licence fee of ˇę600 per year.
FINANCIAL STATEMENT REQUIREMENTS
Whilst
there is no requirement to file annual audited accounts with the authorities,
a company is required to keep financial records, which reflect the financial position
of a company.
Whilst every effort has been made to ensure that the
details contained herein are correct and up-to-date, it does not constitute legal
or other professional advice. We do not accept any responsibility, legal or otherwise,
for any error or omission.
|
|
|
|