When looking for a jurisdiction in which to incorporate, the first thing to look at is the legal code. The body of law in JERSEY is mixed law. You will want to get some local advice as to how to best structure a company in JERSEY. One is permitted to electronically sign documents.
The letters JE is for JERSEY and the most common legal entity type in JERSEY is a LTD.
The average time to incorporate is 10-14 Days to put together the paperwork and file a LTD in JE. The minimal capitalization is 0, This means you don't have any minimum share capital. The types of cash you can use to fund your business is often any legal tender.
Yes, one is allowed to re-domicile a LTD from JE. You are usually allowed to change the jurisdiction of the company, pending certain procedures.
There must be at least 1 shareholder. This makes it possible for you to own a LTD in JE by yourself. Corporate Shareholders are encouraged, which means you can have a corporate shareholder. Foreign ownership is allowed, up to 100% of the ownership of the LTD.
A legal entity is only required to have 1 director on the board. Moreover, corporate directors are permitted. Directorship information is ususally not shared with the general public.
A registered legal firm must be retained for an address, paid by the company on an annual basis, for an office which can receive any lawsuit papers on behalf of the registered legal entity. A related requirement, a corporate secretary is also mandated by the government.
There is an obligation to file yearly tax returns. On that note, there is not typically a requirement to have these accounts audited.
Thin capitalization rules are not in effect.
A corporate director is permitted, meaning this country is a good option if you are setting up a structure where you want to protect director liability.
The directors are not disclosed in the public registry of Jersey, JFSC Companies Registry. Shareholders are disclosed in the JFSC Companies Registry.
Typically companies take 10-14 days to setup and there are 1 director(s) required and 1 shareholder(s) required at the time of incorporation.
Overall we think Jersey is a good option and have given it a score of 84 as an IO score, using the Incorporations.IO proprietary formula.
10-14 Daysto form