Jersey is another self-governing British Crown dependency and is famous for its tax-haven status and has negotiated a special association with the EEC, which recognizes, preserves and guarantees is fiscal autonomy, thereby ensuring the EEC policies on domestic taxation are not payable. Apart from having no capital gains tax, there is also no inheritance tax but 3% Goods & Services Tax (GST) in Jersey. The main tax that residents have to pay is income tax, which is set at a flat rate of 20%. Jersey offers an attractive offshore company regime. The island changed to a 0/10 system, which means that is has a 0% corporation tax rates, except for finance companies which pay 10%.

Key Features

Jersey LLC

Corporate Details

General

  • Type of Entity

LLC

  • Type of Law

English Common Law

  • Registered Office in Jersey

Yes

  • Shelf company availability

No

  • Our time to establish a new company

10-14  Business days

  • Corporate Taxation

0%- 10%

  • Access to Double Taxation Treaties

No

Share capital or equivalent

  • Standard currency

GBP

  • Permitted currencies

Any

  • Minimum paid up

£1

  • Usual authorized

£10,000

Directors

  • Minimum number

1

  • Local required

No

  • Publicly accessible records

No

  • Location of meetings

Anywhere

  • Corporate directorship allowed

Yes

Members

  • Minimum number

1

  • Publicly accessible records

Yes

  • Corporate members allowed

Yes

  • Location of meetings

Anywhere

Company Secretary

  • Required

Yes

  • Local or qualified

No

Accounts

  • Requirements to prepare

Yes

  • Audit requirements

No

  • Requirements to file accounts

No

  • Publicly accessible accounts

No

Others

  • Requirement to file annual return

Yes

  • Migration of domicile permitted

Yes

Advantages

  1. No capital gains tax
  2. No capital transfer tax
  3. No purchase tax
  4. 0% general rate of tax for corporate entities
  5. 10% tax for specified financial companies

The Valsen Advantage

  • Speedy, Efficient and consistent Services.
  • Relentless effort to obtain bank accounts.
  • Expert advice on structuring options.
  • Dedicated ongoing compliance support.