Jersey Company Formation and Registration 2025

Legal Structures

• Companies Limited by Shares: This is the most common type of company, similar to a corporation.
• Companies Limited by Guarantee: Typically used for non-profit organizations.
• Limited Liability Companies (LLCs): Offer flexibility and are often used for investment funds or joint ventures.
• Separate Limited Partnerships (SLPs): Frequently used for investment funds.
• Foundations: Can be used for wealth management, charitable, or other purposes.
• Branches: An overseas company can establish a branch in Jersey.

Key Legislation

Registration Process

• Choose a Company Name: The proposed company name must be approved by the Jersey Financial Services Commission (JFSC).
  5Certain restrictions apply.
• Appoint Directors and Company Secretary: Every company must have at least one director.
  A company secretary is also required.
• Registered Office: The company must have a registered office in Jersey.
• Memorandum and Articles of Association: These documents set out the company's constitution and internal rules.
• Application to the JFSC: An application for registration is submitted to the JFSC, along with the required documents and fees.
• Registration: If the application is approved, the JFSC registers the company and issues a certificate of incorporation.

Specific Requirements

• Financial Services Business: If the company intends to conduct financial services business, it will need to obtain a license from the JFSC under the Financial Services (Jersey) Law 1998.
• Economic Substance: Companies carrying on certain activities (e.g., banking, insurance, fund management) must comply with Jersey's economic substance requirements. This means they must demonstrate that they have sufficient substance in Jersey.

Ongoing Obligations

• Filing annual returns with the JFSC.
• Maintaining proper accounting records.
• Complying with tax laws.

Jersey Financial Services Commission (JFSC)

Important Points for Foreign Investors

• Professional Assistance: It is highly recommended that foreign investors seek professional advice from lawyers, accountants, or corporate service providers in Jersey to assist with the company formation and registration process.
• Regulatory Environment: Jersey has a well-regulated environment, and compliance with all legal requirements is essential.
• Timeframe: The timeframe for company registration can vary, but it is typically a relatively efficient process.