Jersey

Currency:
The Jersey Pound

Language:
The official languages are French and English.

Characteristics of English Companies

Type of Company:
Exempt

Taxation:
A Jersey exempt company is not subject to any form of taxation.

Annual Licence fee:
600

Government fee:
120

Directors:
Minimum of one (1) director is required, who must be a natural person.

Shareholders:
Minimum two (2). 

Registered Agent/Office:
A registered office must be maintained in Jersey.

Annual Reporting:
There is no requirement to file accounts, but an annual return giving the details of the shareholders needs to be submitted.

Confidentiality:
The details of the shareholders appear on public file, but anonymity can be retained through nominee shareholders. The details of the directors are disclosed to the Registrar, but do not appear on public record.

Double Tax Treaty Network:
Jersey has double taxation agreements with the U.K and Guernsey, but this has no impact for exempt companies.

Trading Restriction:
Activities can not be associated with the business of banking, assurance or insurance.

Name:
All company names must end with the word ?Limited? or ?Ltd.?. Words such as Assurance Bank, Building Society or any other words deemed sensitive or offensive cannot be used.

Disclosure of Beneficial Owner:
Yes

Tax on Offshore Profits:
No

Bearer shares allowed:
No

Corporate Directors Permitted:
No

Company Secretary Required:
Yes

Standard Authorised Share Capital:
2 000 Jersey Pound

Local Registered Agent:
Yes

Local Directors:
No

Disclosure of Directors:
No

Disclosure of Shareholders:
Yes

Annual Return:
Yes