Company registration duty and document duty in Guernsey is fixed at £50 up to an authorised share capital of £10,000. Thereafter duty is payable at the rate of 1/2% subject to a maximum of £5,000. Shares may be issued at a premium, in which case duty is payable on the nominal value but not on the premium. For a company incorporated with a standard Memorandum and Articles and a share capital of £10,000 the legal and judicial fees and stamp duty would amount to approximately £600. The annual cost of running a company varies significantly, but as a general illustration the minimum annual cost of an Exempt Company would be as follows:
£
Annual registration fee 100
Exempt Company fee 500
Directors' fees (2), say 300
Accountancy and secretarial fees, say 1,000
£1,900
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.