Company formation in Jersey
Jersey offshore is a company registered in a Jersey tax haven.
This offshore company must be registered by non-residents in offshore jurisdiction to obtain tax-free status.
Jersey offshore company law prohibits Jersey offshore companies from doing business with island residents.
Jersey offshore company law enables an offshore company to invest in real estate in Poland through company established there.
Jersey offshore companies cannot do business with Jersey companies.
A company founded on Jersey as an offshore company must be a limited company.
It can take two business weeks to start a business in Jersey.
Registered agents may be employed to set up Jersey offshore companies, so business owners do not have to travel to Jersey.
Registered agents are responsible for submitting registration documents to Company Registrar, in this case the Jersey Financial Services Commission.
Jersey offshore must operate a registered office in jurisdiction.
Starting an offshore company in Jersey requires at least one shareholder and one company director.
Director of a Jersey company must be an individual and not a resident of Jersey.
No other company can be a director in an Jersey offshore company.
Jersey tax haven has a special tax rate for foreign companies.
Offshore jurisdiction introduced the so-called zero / ten tax system in Jersey in 2009.
Jersey-registered companies will not pay income tax, except for companies that provide financial services that will be companies such as trusts, banks.
These companies are required to pay corporate taxes in Jersey of 10%.
Under the tax system, development companies, such as real estate companies, are required to pay taxes of 25%.
Utility companies pay taxes at a rate of 20%.
Companies that operate a registered office in Jersey and manage their business in a tax haven are considered tax residents.
Types of companies in Jersey
Company Limited by Shares
It is the most popular form of a company in Jersey and can be established as public, private, with or without a face value.
The member's liability is limited to the unpaid amount in respect of the respective shares.
Company Limited by Guarantee
The company in which the shareholder responsibility is determined by guarantee granted by such shareholder.
Unlimited Liability Company
For shareholders of an unlimited company, the liability of each member is unlimited.
Limited Life Company
The company has a fixed lifetime.
The end of the business is usually set as a "specific external event", such as the death of a shareholder.
However, a company's statute may also (but does not have to) refer to a fixed period of time after which the company will be liquidated.
Limited Duration Company
Like a limited liability company, this limited liability company has a fixed period of existence.
After a certain set period, the company is liquidated.
Incorporated Cell Company
A company registered as Incorporated Cell Company has the ability to create cells separately from each other, in which each can have its own separate assets and be responsible for its own obligations.
Protected Cell Company
These companies do not have separate legal personality.