Jersey companies

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	Untitled Document Jersey companies Jersey companies are registered under the Companies (Jersey) Law 1991, as amended. Exempt companies When a Jersey company is being established for a non-resident of Jersey for tax mitigation purposes, the company will often be structured so as to qualify for "exempt" status. This status entitles it to complete freedom from Jersey taxation on non-Jersey-source income (although by concession Jersey-source interest from Jersey bank deposits will also be exempt from local taxation). Advantages of the Jersey exempt company include: the prestige of being registered in Jersey access to a first class professional infrastructure within Jersey including reliable and competent management facilities; excellent legal and accounting support; rapid bank account opening facilities for fully-managed companies and electronic banking facilities. proximity to the UK and Mainland Europe outside the EU VAT net Resident companies Jersey resident companies are by definition not 'exempt', and therefore liable to Jersey income tax of 20% on profits (i.e. before tax) from worldwide income. Jersey resident companies offer significant fiscal advantages in international tax planning: Jersey resident companies can qualify for exemption from UK taxation on UK trading profits under the terms of the UK/ Jersey double taxation arrangement. This makes them very attractive for various UK projects undertaken on behalf of non-UK promoters, and in practice Jersey resident companies are often set up for UK land and property development deals. Jersey resident companies can be effective structures to combat anti-avoidance legislation directed against zero tax offshore entities. Jersey resident companies qualify for other tax benefits under the UK/ Jersey double taxation arrangement. To provide us with preliminary instructions for a proposed Jersey company formation please click here. On receipt, one of our experts will evaluate your instructions and can then discuss your case with you.

			Contacts
	Click contact name to email Gisele Le Miere Eileen O’ Shea Jordans (C.I.) Limited PO Box 456 Portman House Hue Street St Helier Jersey JE4 5RP Channel Islands Tel: +44 (0)1534 630 112 Fax: +44 (0)1534 630 113 Registered in Jersey no. 57493

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