Key Features of a JPF

Regulation of the financial services industry is conducted by the Jersey Financial Services Commission, a mature and well-respected authority. Asset management businesses located in Jersey are well placed to act for Jersey and non-Jersey funds alike.

Once authorised, Jersey-based fund asset managers can also be appointed to non-Jersey domiciled funds, so there is no need for funds to be relocated with the asset manager. There is no prior approval process before new appointments are accepted, though the funds themselves may require limited approval in certain circumstances (for example, if a prospectus is to be circulated in the Island or if units in the fund are to be registered in the Island).

Legal Requirements

Requirements

Description

General

  • Corporate  vehicle permitted

Jersey Company, Limited Partnership

  • Local physical office required

No

Share capital or equivalent

  • Minimum paid up capital

None

Directors

  • Minimum number

2

  • Corporate directorship allowed

Yes

  • Local director required

Yes (minimum of two)

Shareholders

  • Minimum number

2

  • Corporate shareholder allowed

Yes

  • Local  shareholder required

No

 Tax Treatment

Non-resident income is tax exempt.

Duration to Set Up

3 months

Distinctive Benefits of Licence

  • Robust yet flexible regulatory environment
  • Professional infrastructure and quality of workplace
  • Tax neutrality and Tax Exchange Agreements

The Valsen Advantage

  • End to end comprehensive service
  • Speedy and efficient service
  • Expert advice on structuring options
  • Dedicated ongoing compliance support
  • Extensive network pool of service providers