Henley & Partners - Main types of companies in Jersey, Channel Islands - International Business Company,ibc, IBC, Jersey Resident Company, offshore company, Jersey, offshore, tax, planning, estate planning, asset protection, tax-free, domicile, companies, company, corporate, structures, taxation, tax, low tax, low-tax, Henley, Henley & Partner

Main Types of Companies in Jersey

Exempt Limited Company (Ltd.)

International Business Company (IBC)

General
Type of Company	Exempt Ltd.	IBC
Average timeframe to set up a new company	5 days	5 days
Average timeframe to activate shelf company	N/A	N/A
Migration of domicile possible?	Yes	Yes
Corporate Requirements
Standard authorised share capital	GBP 10,000	GBP 10,000
Bearer shares allowed?	No	No
Minimum number of shareholders	Two	Two
Minimum number of directors	One	One
Corporate directors permitted?	No	No
Local directors required?	No	No
Local meeting required?	No	No
Company secretary required?	Yes	Yes
Taxation
Corporate tax rate	GBP 600	negotiable (> 1%)
Ordinary tax base	N/A	worldwide income
Tax exemptions	N/A
Withholding tax on dividends - tax rate	None
Withholding tax on interest - tax rate	None
Withholding tax on licence fees and royalties	None
Double taxation treaties	Treaty with the United Kingdom only
Value Added Tax rate	N/A
Disclosure and Reporting Requirements
Disclosure of beneficial owner to authorities	Yes	Yes
Government register of directors	Yes	Yes
Government register of shareholders	Yes	Yes
Annual return	Yes	Yes
Submission of accounts	No	No
Audit required?	No	No

Incorporation and 1^st Year Fees and Taxes			Annual Maintenance Fees and Taxes
Type of company	Exempt	IBC		Exempt	IBC
Incorporation Fee	1,100	1,100
Government Tax	600	variable¹⁾	Government Tax	600	variable¹⁾
			Annual Return Filing Fee	130	130
Annual Domicile and Director's Fees²⁾	1,400	1,400	Annual Domicile and Director's Fees²⁾	1,400	1,400
Annual Administration³⁾	600	600	Annual Administration³⁾	600	600
Total 1^st Year GBP	3,700	4,100	Total Annual Maintenance GBP	2,730	3,130¹⁾

Note: all fees are quoted in Great Britain Pounds (GBP). Currency Converter

¹⁾ Tax rate is negotiable, subject to a minimum tax of GBP 1,000 per annum

²⁾ Includes provision of registered office, three (3) Jersey resident professional directors, company secretary, and filing of annual return

³⁾ Estimated minimum fees - there is no actual minimum fee as these fees are entirely time-based.

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