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LLC PLC LLP Offshore Company Branch Office Rep Office
Local Name Private Limited Company Limited Company Limited Liability Partnership Tax Exempt Company Branch Representative Office
Company Setup Time 5 days 5 days 5 days 5 days 5 days 5 days
Bank Account Opening 5 days 5 days 5 days 5 days 5 days 5 days
Government Grants Available Yes Yes Yes No No No
Government Contracts Bidding Yes Yes Yes No No No
Limited Liability Yes Yes Yes Yes No No
Client Required to Travel No No No No No No
Inquiry Inquiry Inquiry Inquiry Inquiry Inquiry

Corporate Structure Explained

Jersey Offshore Company (Private Limited Company)

  • Jersey limited companies require at least one shareholder, one director and one company secretary. The shareholder and director can be of any nationality, the company secretary must be a resident of Jersey only. Also, the minimum capital required is 1 Euro.
  • A PLC in Jersey is not subject to pay corporate tax unless they provide utility and financial services.

Jersey Public Limited Company (Limited Company)

  • In order to be a public limited company in Jersey the local administration must assert that the entity is a PLC. Two shareholders must be appointed. Audited financial statements must be filled annually. A private limited company can apply to the local administration to be converted to public limited company and vice versa.
  • When starting the incorporation process, it is required to make an application to issue shares. In addition, if securities are offered to the public, a prospectus must be filed with the local administration.
  • These companies can engage in activities such as administration of the real estate, international trading of goods & services, financing and investments.

Jersey LLP (Limited Liability Partnership)

  • Limited Liability Partnerships are formed by a minimum of 2 persons. According to Jersey regulations, ‘limited partners’ are only liable to the extent of their contribution to the partnership.
  • A Jersey LLP is a great alternative to an LLC registration especially for those, who are planning to offer professional services like legal services or accounting in the country.

Jersey Branch Office

  • Foreign companies, who are looking forward to expand in Jersey can open a branch office. A Branch is not considered to be a separate legal entity and the parent company will be subject to unlimited liability.
  • The branch office must appoint a residential legal representative. Also, it does not require any amount of capital.
  • It is an attractive option to provide insurance, financial and banking services with minimum taxation and compliance requirements.

Jersey Representative Office

  • A representative office is not allowed to pursue any productive or commercial activities in the local market.
  • Representative offices are authorized to perform activities related to research and marketing for the parent company.

Jersey Offshore Trust

  • Under Jersey law, foreign companies can sign a trust agreement to transfer assets to a local trustee. Jersey is an attractive location because local Jersey Trust laws are very protective in terms of the rights of foreign beneficiaries.
  • In addition, no public registrar is required for the trust agreement. Although the trustee is required to submit an annual filling of the assets under the agreement..
  • This business entity is best to protect assets and plan inheritance matters in a tax efficient way.

Jersey Foundation

  • This can be registered by a founder, who is further required to appoint a management council and a guardian. The management council must be comprised of one Jersey resident who must be registered as a financial service provider. Whereas the guardian can reside in Jersey or abroad.
  • A foundation can trade under its own name and need not to have beneficiaries. This restricts the management of the foundation to access information on the assets.
  • A Jersey foundation is best suited for wealth management as it reduces the personal and corporate tax of high net worth.