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Jersey

Legal form:

LLC, LLP, PLC

Delivery:

6 weeks

Price: $

2500

Payment methods:

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Requirements:

Document checklist:

Local legal address (Handled by B2B Hub) 

1.Passport
2.Proof of Residence 

Registrar

Organization name

Abbreviation

Country

Jersey

Email

Phone

Listing
Open website
UK comapny formation (1).webp

About

Jersey

Capital
Official languages
Population 
Currency

ISO 4217

St. Helier

English and French

908,520

Jersey Pound

JEP

FAQ

FAQ for Company Formation in Jersey:


Q: What is Jersey?

A: Jersey is an island in the English Channel, located off the coast of Normandy, France. It is a British Crown Dependency, but has its own government and legal system.


Q: How do I form a company in Jersey?

A: To form a company in Jersey, you must register it with the Jersey Financial Services Commission. You will need to provide the company's name, details of the directors and shareholders, and other relevant information. You may also need to engage a local service provider to assist you with the process.


Q: What type of company can I form in Jersey?

A: You can form a variety of types of companies in Jersey, including companies limited by shares, companies limited by guarantee, and unlimited companies.


Q: What are the requirements for directors and shareholders of a Jersey company?

A: A Jersey company must have at least one director and one shareholder. They can be individuals or corporate entities. There are no residency requirements for directors or shareholders.


Q: What is the minimum share capital required to form a company in Jersey?

A: There is no minimum share capital requirement to form a company in Jersey.


Q: What are the tax implications of forming a company in Jersey?

A: Jersey has a corporate tax rate of zero for most companies, although certain types of companies may be subject to a tax rate of 10%. However, companies may be subject to tax in their home jurisdictions.


Q: What is the cost of forming a company in Jersey?

A: The cost of forming a company in Jersey will depend on a variety of factors, including the type of company you are forming and whether you engage a local service provider to assist you with the process.


Q: How long does it take to form a company in Jersey?

A: The time it takes to form a company in Jersey will depend on a variety of factors, including the complexity of the company structure and the completeness of the application. It is generally recommended that you allow several weeks for the process to be completed.

Economy

"Jersey is an island in the English Channel off the coast of Normandy, France. It is a self-governing British Crown Dependency and is the largest of the Channel Islands. Jersey has a strong economy, with a Gross Domestic Product (GDP) of £4.3 billion in 2018, according to the Jersey Government. This is equivalent to a GDP per capita of £41,000, which is significantly higher than the UK average of £28,600.

The economy of Jersey is largely based on financial services, with the sector accounting for around 40% of the island’s GDP. Tourism is also an important contributor to the economy, with over 1.5 million visitors to the island in 2018. Other key sectors include agriculture, fishing, and manufacturing.

The unemployment rate in Jersey is low, at just 2.2% in 2018. This is significantly lower than the UK average of 4.0%. The island also has a strong labour market, with a high rate of employment (78.2%) and a low rate of inactivity (17.2%).

Overall, Jersey has a strong and diverse economy, with a high GDP per capita and low unemployment rate. The island is well-positioned to benefit from the growth of the financial services sector and the increasing popularity of tourism."

Taxation

Jersey is a self-governing British Crown dependency located in the English Channel, and it has its own tax system that is separate from the UK. Here is an overview of the tax system in Jersey:


Corporate taxation:

- Companies in Jersey are subject to corporate income tax at a standard rate of 0%, unless they are engaged in certain regulated activities such as banking, insurance, or fund management, in which case they may be subject to higher tax rates.

- Certain types of income earned by Jersey companies may be subject to withholding tax.

- Other taxes and duties that companies may be subject to include social security contributions, property tax, and customs duty.


Personal taxation:

- Individuals in Jersey are subject to personal income tax on their worldwide income at progressive rates ranging from 0% to 20%, depending on their income level.

- Social security contributions are also deducted from employees' gross salaries.

- Other taxes that individuals may be subject to include capital gains tax and property tax.


Tax payment process and calendar:

- Jersey taxpayers are required to file their tax returns annually by the end of May of the year following the tax year.

- The tax year in Jersey is from January 1st to December 31st of the same year.

- Companies that are subject to corporate income tax must pay it in two instalments, with the first instalment due by the end of September and the second instalment due by the end of December of the tax year.

- Individuals are not required to make advance tax payments.

- Late tax payments are subject to penalties and interest charges.


It should be noted that Jersey is known for its low tax regime, and its tax system is often used by individuals and companies for tax planning purposes. However, taxpayers are expected to comply with the local tax laws and regulations, and failure to do so may result in penalties and legal consequences.

Company incorporation application form

Representative

Chosen company name

Main business activity

Legal address of director

Extra services

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PDF application form

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