Our team offers full company formation services in Jersey, from preparing the incorporation documents to registration and ongoing compliance.
| Quick Facts | |
|---|---|
| How much does it cost to form a company in Jersey? | The professional formation fee starts from £4,000. |
Are government fees included? | No. Government fees are charged separately and are estimated at approximately £1,000. |
What does the company formation fee include? | – approval; – company incorporation; – preparation of statutory documents; – company stamp. |
| How much does the government and compliance check cost? | The fee is £2,500 for up to two shareholders. |
| Does the company’s activity influence the incorporation price? | Yes. The final fee depends on the nature and complexity of the company’s activities. |
| What is covered by the annual corporate management fee? | It covers corporate administration, ongoing compliance support and oversight of operational matters. |
| How much does the registered office service cost? | £5,500 per year |
| Additional services offered by the local agent | – bank account assistance; – nominee services; – trademarks; – legal opinions; – virtual offices; – real estate; – immigration support. |
| What company structure can be used for incorporation in Jersey? | – LLC; – company limited by shares; – guarantee or cell company; – sole trader; partnership; – branch of a foreign company. |
| How long does company incorporation in Jersey normally take? | Registration normally takes approximately three to four weeks. |
| What are the stept for company incorporation in Jersey with the help of local agents? | The process includes completing the company and KYC forms, paying the fees, signing the statutory documents and receiving the incorporation package. |
| Is there a minimum share capital requirement? | No |
| Can a company be incorporated in Jersey remotely? | Most of the process can be handled through document submission and remote signing, subject to the agent’s KYC requirements. |
| What documents does the client receive after incorporation? | – Certificate of Incorporation; – Memorandum and Articles; – registers; – Share Certificate; – First Resolution. |
| What additional steps are required after the Jersey company has been incorporated? | The company must maintain its registered office, accounting records, financial statements, compliance reporting and annual tax return. |
What are the main requirements for opening a company in Jersey?
Investors who are interested in our services of company formation in Jersey need to follow a number of rules for incorporation, as well as the ongoing compliance rules. We list some of the most important issues below:
- members: the public company required two members and the private one only one member;
- registered office: the offshore company in Jersey will have a locally registered office that will be its permanent establishment;
- secretary: the Jersey company needs to have a secretary; a nominated person is also needed in case of financial companies and residency requirements apply in this case;
- accounting: keeping the company’s financial records is mandatory; annual corporate tax returns are filed by the end of the year following the year of assessment, together with the financial statements for the said year in case of tax resident companies.
You can find out more about the process of opening a company in Jersey from the infographic below:
What are the steps for company formation in Jersey?
The key steps in order to set up a company in Jersey are briefly listed below:
- choose the business type: most companies are incorporated as limited liability companies, but investors can also set up a partnership or sole trader;
- prepare the company documents these are the articles of association and the memorandum they can have a standard form
, - prepare other documents these include certified copies of the company founders ID as well as other documents that may be requested;
- register the business with the Jersey Financial Services Commission;
- obtain the business license: businessmen who want to set up a business in Jersey should know that almost all companies will need to apply for a business license,
- register as an employer: most businesses are registered as employers automatically when they submit the documentation for registration (if they state that they will hire employees).
We invite you to watch a short video about company formation in Jersey:
What documents are needed for setting up a company in Jersey?
If you want to open a company here, you must provide:
- completed forms containing information about the company’s structure;
- details of the shareholders, directors and any other individuals or entities involved;
- supporting KYC documentation for all relevant persons and entities;
- signed statutory documents prepared during the incorporation process.
What documents receives the investor after the company incorporation?
Once the incorporation process is completed, the client receives the company’s official documents:
- Certificate of Incorporation;
- Memorandum and Articles of Association;
- Register of Directors;
- Share Register;
- Share Certificate;
- First Resolution.
What are the costs for company formation in Jersey?
The main incorporation costs are:
- company formation fee: starting from £4,000, depending on the company’s activities;
- government fees: approximately £1,000;
- government and compliance checks for up to two shareholders: £2,500.
The company formation fee includes name approval, company incorporation, preparation of the statutory documents and the company stamp.
What are the annual maintenance and administration costs?
Our team can provide ongoing support for the administration and regulatory maintenance of a Jersey company from the first year of activity.
The annual costs are:
- registered office – £5,500;
- annual financial statements – from £2,500;
- bookkeeping – from £2,000;
- FATCA/CRS reporting – £500
- Regulatory and compliance fee – £420;
- Jersey company tax return – £590.
Some of these costs of company formation in Jersey are estimative. The exact amount depends on the company’s activities, complexity and transaction volume.
What are the main types of companies in Jersey?
The available business structures have different characteristics and some of the most common business forms are briefly listed below by our agents specialized in Jersey company formation:
- limited liability company: this is one of the most commonly selected structures in Jersey;
- company limited by shares: the structure is suitable for commercial businesses, investment activities and holding arrangements;
- guarantee company: unlike in the company limited by shares, the liability of a member is established based on the offered guarantee;
- protected cell company: this structure consists of a core company and one or more cells and each cell can hold its own assets and liabilities;
- incorporated cell company: in this case, each cell has its own legal identity, assets and liabilities.
Other ways of operating in Jersey include:
- sole trader: the simplest structure, under which the owner is directly responsible for the business’s debts and obligations;
- partnership: formed by two or more persons who conduct business together, with at least one partner generally assuming full liability;
- branch: an extension of an overseas company rather than a separate Jersey entity;
- Jersey trust: can be used for multiple purposes, such as real estate, collective investments, pension schemes or employee benefit trust.
Do you offer any services apart from company formation?
Apart from company formation, we provide a wide range of services for investors and companies operating in or planning to expand in Jersey.
Our additional services include:
- assistance with opening corporate bank accounts;
- registered office and virtual office services;
- provision of local or nominee directors and shareholders;
- accounting, bookkeeping and preparation of annual financial statements;
- preparation and submission of Jersey company tax returns;
- registration of branches, subsidiaries and representative offices;
- assistance with company restructuring, mergers and acquisitions;
- applications for business licenses and sector-specific authorizations;
- trademark registration and legal opinions;
- support with company liquidation or cessation of business activities.
The services provided by our local agents are adapted to the company’s structure and activities. Some services may require additional professional fees.
Our team can also assist with company formation in Guernsey. Proper corporate registration is required in Guernsey and this can only be accomplished with the assistance of an accredited local specialist.
Contact us for more information about Jersey company formation and other related matters.