Jersey is an island in the English Channel, which is a part of the Channel Islands. The official languages are French and English.
The main sources of income are tourism and business, which is why Jersey actively attracts foreign capital and in every possible way stimulates entrepreneurial activity in the jurisdictional zone.
Due to the directed policy of the state, today Jersey is a “tax haven” for many companies, showing annual economic growth and a fairly high standard of living.
JERSEY KEY ADVANTAGES
- exemption from payment of a number of taxes
- inexpensive company maintenance
- no currency control
- business support from the state
WHAT TYPE OF COMPANY CAN I OPEN IN JERSEY?
Typically, everyone refers to the type of Jersey Company. If a number of conditions are met, it is possible to obtain the status of IBC – International Business Company.
PECULIARITY OF IBC FUNCTIONING:
- the name must meet a number of requirements
- at least one director is required
- all information is confidential
- the meeting of directors shall be held in Jersey
TAXATION
Offshore companies are exempt from paying any taxes.
For some companies there is a flat license fee of £ 600.
IBC is a Jersey resident company, but the tax rate for it is minimal – from 0.5 to 2%.
It should be noted that accounting and reporting are required.
If you are considering Jersey as a location for your business, please contact us. Already at the first free consultation, we will tell you about all the intricacies of doing business in this jurisdiction and provide full legal support.
