Jersey company
The income of Jersey companies, with the exception of net rentals from Jersey properties, property development income or the net income of registered finacial services companies, is not charged to tax in the Company, such taxation being assessed on the company’s shareholders. If the shareholders are not resident in Jersey then there is no taxation payable in Jersey.
some uses of Jersey companies
- investment holding vehicles
- purchase of shares in a UK public company
- purchase of UK development land and property
- shipping and yacht owning
- holding companies for corporate structures
- leasing and contracting
- employment and consultancy
- captive insurance
key benefits of a Jersey company
- no Jersey tax on income from outside Jersey
- no tax on dividends and interest from Jersey banks or building societies
- dividends and interest paid without deduction of withholding tax
- tax returns not required for income or profits from outside Jersey
- directors’ fees can be paid gross to non-residents
- directors can meet in Jersey and conclude contracts without Jersey tax liability
- neutral tax vehicle for international investors
cell companies
Provide a vehicle which can create cells which are separate parts within which assets and liabilities can be segregated. This is called ring-fencing and the assets of a cell are only available to the creditors and shareholders of the cell.
key benefits of cell companies
- flexibility
- limits recourse of creditors
- legal segregation of assets
- reduced timescale of repeat transactions
- replication of framework, structure and documents for new cells
- each cell has a defined role
- cost effective
maritime and aviation registration
Registration of commercial and private yachts, commercial vessels and aircraft.