1. Applicable Company legislation?
The Companies (Jersey) Law 1991 (as amended)

2. What types of Company are available in this jurisdiction?
Jersey Exempt Companies

3. What is the annual Government fee payable?
UKP 500 - Annual Exemption fee, UKP 110 - Annual Return Filing fee

4. Is a Registered Office required?
Yes - in the States of Jersey

5. Is it possible to reserve the name in the Company Registry?
Yes

6. How long is needed to incorporate in a name of your choice?
Normally 2 - 3 days, however it must be noted that certain references and information must be submitted to the Financial Services Department referring to the proposed beneficiaries prior to incorporation taking place. Note: there is a procedure whereby emergency registrations can be effected the same day by the payment of an extra fee of UKP 40 to the Registrar of Companies

7. Are ready made companies usually available?
No

8. Where and when must board meetings be held?
Anywhere. Private Limited Companies may dispense with the requirement for an Annual General Meeting

9. Is an annual return required?
Yes - must be filed prior to the end of February each year together with a fee of UKP 110

10.Are audited accounts required by authorities, and if so is a copy kept on public record?
No

11.How many companies were on the Companies Register at the end of 1995?
30,251

12.Minimum number of subscribers?
Two, however one is acceptable if the Company is a wholly owned subsidiary?

13.Minimum subscribed capital requirements?
None - shares may be issued in any currency

14.Standard authorised share capital?
UKP 1,000

15.Minimum number of shareholders?
As per subscribers (see note 12)

16.Are the details of shareholders filed on public record?
The proposed beneficial ownership of the Company is declared to the Financial Services Department prior to incorporation, however the information is confidential and not filed on any public record

17.Are trustee shareholders permitted?
Yes - their details will be on public record

18.Is it possible to increase the authorised share capital?
Yes

19.Is a Company Secretary required?
Yes

20.Is a local registered/or resident agent required?
No

21.Minimum number of directors?
One - who must be an Individual

22.Are the details of directors filed on public record?
Yes

23.Are nominee third party directors permitted?
Yes - although Jersey Law does not recognise the concept of a nominee director

24.What is the principle use for this type(s) of company?
International Trade or Holding purposes

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.