There are close to 100 Jersey companies listed on stock
exchanges globally, including London, New York, Hong Kong, Toronto,
Luxembourg and Oslo, as well as the Channel Islands Stock Exchange,
with a total market capitalisation in the region of £135
Jersey's credentials are impressive and include the number
one ranking for FTSE 100 companies registered outside the UK. Of
the 11 companies in this category, 8 are Jersey registered and
there are a further 9 in the FTSE 250 Index. With a total market
capitalisation value from both exchanges of more than £78
billion, this is considerably higher than any of Jersey's
closest competitor jurisdictions. Jersey is also one of the leading
international finance centres for Alternative Investment Market
(AIM) companies registered outside the UK.
For clients, one of Jersey's key strengths in the global
markets is the depth and breadth of its skilled practitioners, who
are able to deal with such complex matters in a cost effective
manner. This, combined with the attractive Companies Law, robust
regulation and tax neutrality, makes Jersey an ideal choice for
this type of business.
Jersey is becoming increasingly well known in emerging markets,
particularly in the BRIC countries. In the last year, a number of
our clients have incorporated Jersey companies with the intention
of listing them either on the main London Stock Exchange market or
AIM. They are from a wide range of sectors including natural
resources, mining, hotels and textiles. A number of these clients
are using this period to restructure their affairs, some merging
their foreign companies with Jersey companies by taking advantage
of the recent changes to the merger provisions in the Companies
(Jersey) Law 1991.
Due to uncertainty in terms of time frames for the listings, and
also for cost reasons, many of the companies we have incorporated
are private and will convert to public companies closer to the
listing dates. One key reason for this is to avoid the necessity of
preparing and submitting audited accounts - a requirement for
public companies. The cost savings and the ease of transition from
a private to a public company tend to make this option
Jersey is often represented at international conferences on the
subject of stock exchange listings using Jersey holding companies.
Moore Stephens Jersey recently presented in Mumbai to the Western
India Regional Council of the Institute of Chartered Accountants of
India. Platforms such as this serve to increase awareness of Jersey
and its capabilities in the capital markets and lead to even more
demand for using Jersey holding companies as listing vehicles.
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.
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