The top reasons for entering the Jersey Island market are:
Availability of a variety of business structures
Well-connected with key financial and other jurisdictions
No minimum capital requirement for company registration
Flexible laws and regulations
Developed and favourable corporate law
Liberty to issue registered as well as bearer shares
Following are the major types of business structures that are commonly adopted by businesses to do business on Jersey Island:
A cell company can create cells that can have their own assets and liabilities. The assets and liabilities are allowed to be ring-fenced and kept separate from the parent cell company. A cell company should be a regulated service provider for administrative and/or secretarial services.
PCC is a single legal entity so the individual cell and the PCC can have assets and liabilities ring-fenced from each other.
Every cell of an Incorporated Cell Company is an incorporated company has its legal personality, its assets, and liabilities. Individual companies created by ICC have no liberty to act independently.
In limited companies, members of the company are legally responsible for the debts and liabilities of the company to the extent of the nominal value of their shares. Whereas members of an unlimited company have unlimited liability for contributing towards the assets of the company upon its dissolution. Some of the requirements under the Companies Law do not apply to unlimited companies.
As the name suggests, this type of company has a limited life. Such companies are established for a fixed period and the tenure for which it is established is mentioned in the MOA and AOA of the company.
Par value company issues shares at a nominal value per share or a "par" value. Par value company has to maintain a share capital account and a share premium account for the issue of shares at a premium. There is no requirement for minimum authorized capital or issued share capital.
No Par Value Company issues shares with no nominal value. Share proceeds are credited to a stated capital account which facilitates the distribution. There is no limit on the number of shares that can be issued. A company cannot have both par value shares and no par value shares
In this type of business structure, every member gives a guarantee for contributing a fixed sum at the time of winding up of the company. A Guarantee company can have both guarantor members and ordinary members.
Corporate Income Tax
Goods and Services Tax
Social Security Contributions
Long Term Care
Enterslice is one of the leading management consultancy firms which offers end-to-end business set-up, financial, regulatory, taxation, legal, and advisory services to early-stage businesses, start-ups, entrepreneurs, and large corporate houses across the globe.
Our Jersey Island Entry Strategy services involve the following services:
Our Jersey Islands Entry Strategy is classified into the following:
Our business set-up services include advisory related to the type of business structure a person should opt for while setting up a business in Jersey Islands. Various business structures such as a cell company, a protected cell company, an incorporated cell company, a limited and unlimited company, a limited life company, a par value company, a no par value company, and a guarantee company. Our team guides you in selecting the most suitable business structure for your business. We also assist in the registration process of a business structure, opening a bank account for the business, and post-registration compliance.
Our consultancy services include the formulation of a strategic plan for establishing and operating a business depending on your business needs. It includes conducting internal controls, business reviews, and management of a business.
Our legal expert imparts legal advice on day-to-day business operations, finances, and IP protections. We assist the business by drafting legal documents and contracts. We review various legal documents on behalf of the company and ensure all legal and regulatory compliance is duly fulfilled.
Jersey Island imposes no corporate tax on companies unless otherwise prescribed. Our tax experts advise on when a company has to pay corporate tax. We get GST registration done for companies. We also assist in the timely calculation and filing of taxes.
Jersey Island requires all businesses to maintain accounting records to depict a clear picture of business transactions. The accounting records show the company's financial position. Our team of experts and experienced professionals have practical knowledge and will help your business in meeting the country-specific accounting challenge and financial reporting requirements. Our team ensures that the accounting and audit are conducted timely and all transactions are recorded accordingly.
i. Professional Support
ii. 24*7 Customer Support
iii. Highly Integrated IT Team
iv. Competent Team of Lawyers, CAs, Cost Accountants, CSs, and CPAs
v. All-inclusive solution for our clients
Step 1: Choose a suitable bank
Step 2: Arrange the required documents
Step 3: Fill out the application form
Step 4: Submit the documents
Step 5: Deposit Funds
Step 6: Wait for approval from the bank
Step 7: Operate the bank account when access is granted
24x7 Client relationship support desk.
Tech-enabled service delivery platform.
Dedicated foreign Investment desk.
50,000+ Network of Lawyers/Attorney’s/CA/CPA/CFA.
Strong team of Inhouse Lawyers/Attorney’s/CA/CPA/CFA
A wide Network of Audit and Law firms in India.
Individual and Dedicated professionals on every assignment.
We register 100+ Companies every Month
If you have any queries related to the Process, feel free to contact us. We will provide
you with immediate help.
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Haiden Group - UAE