Jersey is an island possession of the United Kingdom with its own laws, currency and economy. These territories are also not included in the European Union. Nevertheless, registering a company in Jersey is the goal of many entrepreneurs from all over the world. The reason for this is the tax neutrality of the jurisdiction. As an offshore island, the island of Jersey is considered one of the best places to optimize the tax burden. There is a Tax Information Exchange Agreement (TIEA) and a Double Taxation Agreement (DTA). Therefore, entrepreneurs who intend to establish a company in St. Helier or another city in Jersey can reduce the tax burden on their business without negative legal consequences.
Advantages of registering a company in Jersey
The stable political situation and the lack of prerequisites for its change;
The possibility of registering companies without paying authorized capital;
Low tax rates;
The possibility of redomiciling the company;
Developed infrastructure and availability of qualified labor.
Jersey is an offshore jurisdiction that attracts investors with its proximity to the major financial centers of Great Britain and Europe.
Main forms of legal presence and doing business
limited company liability;
individual entrepreneur;
branch of a foreign company;
trust;
foundation;
limited partnership (separate and registered);
limited partnership; limited liability company;
limited partnership;
private (closed) company (nominal value, no nominal value, limited guarantee, limited time, hybrid)
cell company (protected or consolidated).
The LLC is the most popular form of business for foreigners.
Registration procedure
To register a business in Jersey, you need the following:
First, choose an original name that reflects the legal form of the company.
Then reserve the name in the Easy Company Registry (ECR) online - the reservation is valid for up to 6 months.
Obtain a CP number to be included in the articles of association.
Register with the Jersey Financial Services Commission (JFSC).
Obtain a business license.
Register with the Jersey Information Commissioner's Office (JOIC).
Open a bank account.
In addition, a foreign investor can buy a company in Jersey or relocate an existing business registered in a jurisdiction that allows it.
Legislation and Regulatory Environment of Jersey
The Bailiwick of Jersey is a dependency of the British Crown, not the United Kingdom. As such, the island enjoys a high degree of autonomy and has its own fiscal and judicial systems. Business is governed by the Companies Act 1991, which is amended periodically to reflect the changing business environment. Therefore, consider the economic presence laws if you are planning to open a company in Jersey to reduce your tax burden.
The island has legal rules that protect personal information and intellectual property, contributing to the safe conduct of business activities.
Jersey Tax System
Global corporate income tax - 0%. Exceptions are income from real estate on the island, large corporate retailers and mining companies, which are subject to a rate of 20%. A financial services company in Jersey will be subject to 10% tax;
0% capital gains tax;
PIT - 20%;
VAT - 5%.
How our experts can help
Let's say you are evaluating the formation or purchase of a company in Jersey. In this case, the lawyers of "Smart Startup UK" are ready to put this option into practice by providing legal support for the following aspects of business registration in Jersey:
Request and collect all the data and documents for opening a business in Jersey;
Choose the name and in the interests of the client, all negotiations are conducted by us with local authorities and banks;
We arrange the legal address, accounts and employees, as well as all the necessary documents for applying for the future company;
We provide comprehensive legal support for the further functioning of the new legal entity in Jersey.
The portfolio of specialists of "Smart Startup UK" is formed by more than 8,000 cases in the field of registration and support of international business. Our lawyers will apply this experience to the goals of your project.
CREATE A COMPANY
Company name check and reservation
Company registration, including government fees
Obtaining an administrative identification number
Company registration with government agencies
Writing a company charter
A set of company charter documents in electronic form
Bank contribution for the company's authorized capital
Obtaining a foreign investment permit
Opening an account at: Standard Bank Jersey, BNP Paribas S.A. - Jersey Branch, Lloyds Bank
Opening a personal bank account
Apostille and translated corporate documents
Obtaining a residence permit
Free consultation
Assistance with online trading and opening an account at viva.com for online trading
Accounting services - 12 months
Accounting services
Annual renewal 1500 Euros (paid from the second year)
*Within 35 days
IMPORTANT! We can provide you with the initial share capital (if the amount is over 5000 Euros) for registering your company in the form of a loan from our company.
Please, if you are interested, make an inquiry to us.
What is the procedure!
1. You submit an application for company registration using the application form.
2. We check whether the company name for registration is available and eligible for registration.
3. Choose a bank that meets the needs of your company from a list of partner banks of "Smart Startup UK".
4. We send you a proforma invoice for payment, which you can pay to our bank account + the amount for the initial capital of your company.
5. You receive all the necessary company documents for verification.
6. You receive details of your newly opened bank account.
7. Within the specified period (for Jersey it is 35 days) you receive all the services included in the package.
8. You can manage all the services included in the package through our platform, as our team works 24/7 and you can get help from us within 30 minutes. We have built an internal ticket system for our clients, through which we process each of your support requests.
All services such as management, accounting, bank account opening request, licensing, tax return filing, tax payment and others are carried out through your account on our platform, this makes it easier to manage your business!
