Fact File

Fact File Supplied By

Carey Olsen.

Location

Channel Islands.

Time zone

Greenwich Mean Time (+1 hour for British summertime).

Population

107,800 (est. as at end of 2019).

Capital

St. Helier.

Airport(s)

1.

Language

English.

Currency

Great British Pound (Sterling).

Political system

Parliamentary Democracy.

International dialing code

+44 1534.

Legal system

Customary law.

Centre's expertise

Trusts, private wealth management, capital markets, fund administration and management, specialist funds, international banking, fintech, philanthropy and socially responsible investments.

Personal income tax

0-20%.

Corporate income tax

0% as a standard rate, including fund management business, with rates of 10% for certain regulated and financial activities (including banks, trust companies, investment managers, and certain fund functionaries) and 20% for certain utilities companies.

Exchange restrictions

None.

Tax information exchange agreements

Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Czech Republic, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Hungary, Iceland, India, Indonesia, Ireland, Italy, Japan, Korea, Latvia, Mexico, Netherlands, New Zealnd, Norway, Poland, Portugal, Romania, Slovenia, South Africa, Sweden, Switzerland, Turkey, United Kingdom and United States of America.

Double Taxation Agreements

Cyprus, Estonia, Guernsey, Hong Kong China, Isle of Man, Liechtenstein, Luxembourg, Malta, Mauritius, Qatar, Rwanda, Seychelles Singapore, United Arab Emirates and United Kingdom.

Permitted currencies

Any currency.

Minimum authorised capital

No.

Minimum share issue

No.

Shelf companies

No.

Timescale for new entities

See 'incorporation fees' below.

Incorporation fees

A ‘menu’ of choices is available ranging from 5 days to 2 hours. Within: 5 business days - £165; 3 business days - £242; 2 business days - £305; 1 business day - £425; 2 hours - £670; Out of Hours - by agreement, minimum £1,210.

Annual fees

£220-£225.

Minimum number

Private company: 1. Public company:2.

Residency requirements

No (subject to certain exceptions for regulated companies).

Corporate directors

Allowed.

Meetings/ frequency

No specific requirements.

Disclosure

Yes. Shareholders details together with beneficial ownership and control disclosed to Registrar on incorporation. Thereafter, membership information disclosed in annual return. Changes to beneficial ownership and control must be disclosed to Registrar within 21 days of knowledge.

Bearer shares

Not permitted.

Minimum number

Private Company:1. Public company:2.

Public share registry

No.

Meetings/ frequency

Annual General Meeting (but can be waived).

Annual return

Yes.

Audit requirements

Private company: discretionary. Public Company: mandatory.

Registered office

Yes, companies must have a registered office in Jersey.

Domicile issues

No.

Company naming restrictions

Yes.