Company Formation in Jersey

Why consider Company Formation in Jersey?

Company formation in Jersey comes with the added advantage of strategic location. This island country is a British Crown Dependency, which is located in the northwest of France. Jersey is also part of the Channel Islands, making it an attractive place for global investors searching for company formation in Jersey. Jersey is also the largest of these Channel Islands and offers low corporate tax rates. It is a tax-neutral state with no corporate income tax rate. Moreover, there is no need to file annual accounts, which may reduce the company's operational costs.

Services for Company Formation in Jersey

We at Enterslice shall provide you with the below mentioned services for company formation in Jersey

• Advise on choosing an appropriate business model for company incorporation in Jersey.
• Drafting of AoA and MoA for company registration in Jersey
• Arranging necessary documents for company registration in Jersey
• Assistance in reserving the company name with the concerned authority
• Assistance in Opening a Corporate Bank Account after company incorporation in Jersey
• Assistance in applying for company registration in Jersey
• Obtaining requisite business licenses and permits after company incorporation in Jersey.

Benefits of Company Formation in Jersey

The benefits of Company Formation in Jersey are listed below for your perusal

Flexible Company Law

You can engage in no-par value company incorporation in Jersey, which is quite flexible. Jersey also allows share buybacks and redemptions.

Privacy

Due to the lack of a public ownership register, the global investors' personal records are safe with the authorities.

Tax

Jersey is a tax-neutral jurisdiction with a corporate tax rate of 0%. Additionally, there is no withholding or capital gains tax. Furthermore, there is no VAT; however, goods and services tax (GST) is charged at 5%.

Strategic Location

Jersey is in proximity to the financial centres of Europe. Additionally, the time zone of Jersey is also convenient for the US and Asia-Pacific region.

Political stability

Historically, the politically stable country with its robust regulatory framework makes Jersey even more attractive for company formation.

Types of Companies for Company Formation in Jersey

You can choose among the given business models for your Company Formation in Jersey

Cell Companies

Cell Companies function by creating cells that have their own assets and liabilities. These companies are regulated service providers for administrative services.

Protected Cell Company (PCC)

This company is a single legal entity. The assets and liabilities of PCC and individual cells are ring-fenced from each other.

Incorporated Cell Company (ICC)

Each cell of an Incorporated Cell Company has its own legal personality.

Limited and Unlimited companies

In these companies, the members of the company are responsible for the debts of a company incurred only to the extent of the capital subscribed. The members of an unlimited company have unlimited liability for contributing towards the company's assets.

Limited life companies

If, in case, the time period of winding up or dissolution of a company is specified in its MoA and AoA, then such a company is said to be given a limited life.

Par value Company

A company that issues shares with a nominal value is known as a par value company. There is no need for a minimum authorized share capital to par value company formation in Jersey.

No par value company

A company that issues shares without a nominal value is known as a no-par value company. There is no limit on the no. of shares that can be issued.

Guarantee Company

When every company member guarantees a fixed sum during the winding up of the company, then such a company is called a guarantee company.

Prerequisites for Company Formation in Jersey

The below mentioned prerequisites have to be followed for Company Formation in Jersey

• A local registered office for company registration in Jersey
• At least 1 director in the case of a private company formation in Jersey
• At least 2 directors for a public company formation in Jersey
• At least 1 Secretary is required in the case of a public company
• Minimum 1 member in a private company
• Minimum 2 members in a public company
• 1 nominated person

Documents required for Company Formation in Jersey

The following documents are required for Company Formation in Jersey

• Memorandum of association
• Articles of association
• Copy of the Passport of the directors and shareholders
• Copy of residential proof of the directors and shareholders
• Declaration of non-bankruptcy of all the shareholders

Compliances Required for Company Formation in Jersey

• Filing annual returns every year in January
• 1% stamp duty on transfer of immovable property
• GST registration
• Corporate bank account opening
• Obtaining licenses and permits

Tax Compliances for Company Formation in Jersey

• The corporate income tax rate in Jersey is 0%.
• The tax rate for Utility companies is 20%.
• The tax rate for financial service companies is 10%.
• The maximum tax rate for large corporate retailers is 20%.

Procedure for Company Formation in Jersey

We at Enterslice shall help you with company registration in Jersey by going through the below-mentioned procedure

Selection of the Company Model

The first step is to select the appropriate business model as per your business needs for your company registration in Jersey.

Drafting of Documents for company registration in Jersey

The second step is to arrange the necessary documents for company formation in Jersey, such as the application form, director and shareholder details, nominated persons, MoA, and AoA of the proposed company.

Submission of Documents for company registration in Jersey

Our experts from company formation in Jersey will conduct due diligence on behalf of your company; under this, your documents will be thoroughly researched and then filled with the concerned financial service authority of Jersey.

Approval of Company Registration in Jersey

After the verification of the documents, the relevant authority shall approve your application for company formation in Jersey.

Corporate Bank Account Opening Post Company Registration in Jersey after

Our experts from company formation in Jersey services also provide ongoing support in your company formation process. Our experts will help you open a corporate bank account in your company's name.

Obtaining Business Licences and permits for Company Formation in Jersey

We shall help you obtain the relevant licenses and permits to get off with your business activities.

Best Regions for Company Formation in Jersey

The most preferred regions for company formation in Jersey are given below

St. Helier: This is the capital city of Jersey, and therefore, it has well-established infrastructure and lines of communication.

St. Brelade: This place is preferred for company formation in Jersey due to its proximity to financial institutions.

St. Peter: This region is sought after by the technological and finance sector investors seeking company formation in Jersey.

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Why trust Enterslice for Company Formation in Jersey?

Our foreign company incorporation desk provides consumer-friendly services for company incorporation in Jersey through its comprehensive platform. We leverage AI tools and software to ensure hassle-free company registration in Jersey. We prioritize compliance by strictly adhering to the rules and regulations of the homeland. So, you can trust us and engage in a stress-free and fuss-free company formation in Jersey. We have already been successful in 100+ company registrations in Jersey.