Jersey LLC

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.