Offshore Company Formation – Jersey
Economy of Jersey
The economy of Jersey is largely dependent on International Financial Services. This country’s economy is also dependent on legal services. Both these services contribute about 40.5% of Gross Value Added or GVA of Jersey, as calculated in the year 2010.
Jersey has the currency as Pounds. Jersey is having a GDP of US $ 5.1 billion, as on the year 2005. Per capita GDP in Jersey is US $ 57,000, as in 2005. Per capita income in Jersey reached as the highest in the world, in the year 2008.
This island’s national economy showed a decline of 1% in Gross Value Added or GVA, in the year 2011. It declined to US $ 3.6 billion then.
The Financial organisations and their services based in Jersey, provide their services to all the customers, in all over the world. This sector employed 12,070 people with full time employment, in the year 2008. The Royal Bank of Canada alone employed about 900 employees, as in the year 2009.
Jersey is one of the top most financial centres that functions off shore and world-wide. Jersey is also known as tax haven. Customers from outside this island, make their deposits in the financial organisations in Jersey, because of its reduced tax burdens.
The main industries in Jersey are Financial and Legal Services, Construction Industry, Retail and Whole sale industry, Manufacturing industry, Agriculture industry, Transport industry and the industry of communications.
Jersey has also witnessed a boom in its industry of Tourism, in the years after the second World War. But this industry is on the way of getting demolished, just after the year 1980. Many large hotels in Jersey had also been demolished, because of the collapsing tourism industry, in the island.
Now this industry is seeing a revival since the year 2010. Most of the tourism, including tourist attractions are managed by private companies.
The economy of Jersey is gradually coming up.
Why form an offshore company in Jersey?
Jersey has a unique status as it has negotiated a special association with EEC ensuring that domestic taxes are not applicable. The main tax that residents have to pay is income tax, which is set at a flat rate of 20%. Jersey offers an attractive offshore company regime. The island changed to a 0/10 system, which means that is has a 0% corporation tax rates, except for finance companies which pay 10%.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in Jersey
- 20% of income tax on utility companies, rental income and profits on property development
- 0% or 10% tax rate on residential companies
- Incorporate company within 24 hours
- Full confidentiality and anonymity maintained for foreign investors
- No local member required
- Records cannot be publicly accessed
- Change in domicile is permitted