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Offshore Jurisdictions

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Offshore Jurisdictions

Where to Incorporate Your Offshore Company

View Offshore Information by Country/Jurisdiction:

Belize	British Virgin Islands	Cyprus
Delaware Non-Resident LLC	Gibraltar Tax Exempt Company	Gibraltar Non-Resident
Irish Domestic Companies	Isle of Man	Jersey
Liechtenstein Foundations	Luxembourg Holding Company	Netherlands Antilles
Panama	UK Managed Ltd Company	UK Non-Resident LLP

Jersey Fact File

British Crown Protectorate. Effectively self-governing in all matters save defense, however, in theory ultimate power still rests with the British Parliament. Excellent efficiency. English speaking. Excellent air and sea communications with the United Kingdom and the Republic of Ireland. Low individual and corporate taxation for residents. Residents are taxed on their worldwide income. Like the Isle of Man Jersey has has greatly increased its due diligence requirements with all trust and corporate service providers now having to be licensed and "know their client".

The Jersey Financial Services Commission is known for being very strict and is primarily seeking the high end of the offshore market. Unlike the Isle of Man, Jersey does not enjoy a Customs Union with the UK for VAT purposes (Protocol 3 of the Treaty of Accession, 1972). Significant number of ship and yacht registrations. Growing banking and insurance sector. 50% of GNP derives from financial and related services. Tax treaty with the UK with disclosure of information provisions with respect to UK residents.

For certain inheritance tax purposes, British nationals may not be deemed to have lost their British domicile even if living in the Jersey. Apart from UK no other tax treaties.

Star Ratings:

• Corporate registration efficiency: 5 / 5
• Cost: 4 / 5
• Confidentiality: 3 / 5
• Local banking facilities: 4 / 5
• Legal system: 5 / 5
• Political stability: 5 / 5
• Reputation: 5 / 5

Location

Jersey is located just off the French coast beside Guernsey and Alderney. Population 85,000.

Advantages

• There is no specific minimum capital requirement. In most cases, a registration agent will only issue two shares. A Manx company can be capitalized with as little as two pence Sterling.
• All Jersey companies require a local registered office for service of process.
• Both registered and bearer shares can be issued.
• There must be at least two directors in a Jersey company and directors must be real people.
• Public anonymity can be obtained by the employment of nominee directors/shareholders.
• Since 1993, it is possible to have single subscriber companies.
• A full register of members and charges must be kept at the registered office in Jersey. It is no longer necessary to adopt an official company seal although most companies still request one.
• The name of the required company should be checked with the Registrar and the ending will be either Limited or Public Limited Company.
• Developed and favorable corporate law.
• Statutes less bureaucratic than British or Irish equivalents.
• Branches of foreign companies in the Jersey may apply for exempt tax status. In other words, it may be possible to register a branch of a Delaware nonresident LLC in the Jersey.
• Excellent air and sea communications.
• Well educated population.
• No accounts or annual summaries need to be filed with the Jersey Government in the case of Exempt companies.