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HONGKONG COMPANY BVI COMPANY USA C USA LLC UK LLP UK UK PRIVATE LIMITED COMPANY DELAWARE CORPORATION NEVADA CORPORATION SINGAPORE COMPANY GERMANY COMPANY CAYMAN ISLANDS COOK ISLANDS BAHAMAS COMPANY PANAMA CORPORATION BERMUDA COMPANY SAMOA COMPANY SEYCHELLES COMPANY NIUE COMPANY MARSHALL ISLANDS MAURITIUS(GBC1) MAURITIUS(GBC2) NIVIS COMPANY BELIZE COMPANY ANGUILLA COMPANY ISLE OF MAN JERSEY COMPANY LIBERIA COMPANY TURKS AND CAICOS VANUATU COMPANY CYPRUS COMPANY GIBRALTAR COMPANY SPAIN COMPANY RUSSIA COMPANY SWITZERLAND SHELF LIST WHAT IS OFFSHORE? USES OF OFFSHORE COMPANIES VIRTUAL OFFICE SERVICES USEFUL LINKS     JURISDICTIONS & FEES Jersey UTRUST Rating *** General Type of Company Exempt Political Stability Good Standard Authorised Capital No Tax on Offshore Profits Nil Corporate Requirements Local Registered Office and Registered Agent Required Yes Minimum Number of Directors/Managers 1 Local Directors Required No Corporate Directors Permitted Yes Minimum Number of Shareholders/Members 2 Local Shareholders Required No Corporate Shareholders Permitted Yes Company Secretary Required No Bearer Shares Allowed No Annual Requirements Filing of Annual Return Yes, ￡150 Submit Audited Accounts No Min. Annual Tax / Licence Fees US$300 Shelf Companies Available No GENERAL INFORMATION INTRODUCTION Jersey is situated off the northwest coast of France. It is about 160 km south of England and only 20 km from France. It is the largest of the Channel (Normandy) Islands, with a total land area is 117 sq. km. The population of Jersey is approximately 82,000 and effective immigration controls exist to restrict future growth. The constitutional relationship between the Channel Islands and the United Kingdom are unique, differing from colonial and overseas dependencies of the Crown. The Island￡s Parliament and legislative assemblies have the exclusive right to legislate on domestic affairs (including taxation), although Jersey￡s foreign affairs are the UK￡s responsibility. The financial services sector provides Jersey￡s main source of income, and the tourist industry has always been very important to the Island￡s economy. There are various other less significant sources of income, including agriculture and fishing. LANGUAGE The official language is English although French is widely spoken. TYPE OF LAW English Common Law with many French features. COMPANY INFORMATION TYPE OF COMPANY FOR INTERNATIONAL TRADE AND INVESTMENT Exempt Company TIME TO INCORPORATE One Day, but allow ten working days for receipt of documentation. RESTRICTIONS ON NAME AND ACTIVITY Names must end with the word "Limited". The following words and their associated activities can not be used: Assurance, Bank, Building Society or any other words deemed sensitive or offensive. CLASSES OF SHARES PERMITTED Registered shares, shares of no par value, preference shares, redeemable shares, non-redeemable shares and shares with or without voting rights. DISCLOSURE OF BENEFICIAL OWNERSHIP TO AUTHORITIES Yes. LICENCE FEES Exempt companies pay an annual licence fee of ￡600 per year. FINANCIAL STATEMENT REQUIREMENTS Whilst there is no requirement to file annual audited accounts with the authorities, a company is required to keep financial records, which reflect the financial position of a company. Whilst every effort has been made to ensure that the details contained herein are correct and up-to-date, it does not constitute legal or other professional advice. We do not accept any responsibility, legal or otherwise, for any error or omission. >>TOP

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