Jersey companies
Jersey exempt company
Companies incorporated in Jersey are resident but can be classified as non-resident under certain conditions, becoming exempt from tax on income from outside Jersey and interest credited by banks and building societies in the island.
some uses of Jersey exempt 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 exempt company
- non-tax resident in Jersey
- no Jersey tax on income from outside Jersey
- no Jersey tax on dividends and interest from Jersey banks or building societies
- dividends and interest paid without deduction of withholding tax
- confidentiality, although beneficial ownership must be disclosed
- 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 companies and 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.