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| INTRODUCTION |
Jersey is located in the English Channel, approximately 14 miles from France. The resident population is approximately 88,000.
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| LAW AND TAXATION |
The sources of law in Jersey are customary law, legislation and judicial decisions. Modern law, such as company and trust law, are based on Anglo-Saxon concepts. If precedent is required in these areas, the Jersey courts may refer to English court decisions. Allied to the Crown since 1066, Jersey enjoys a self-governing status.
Except for tax treaties with the U.K. and Guernsey, and a treaty relating to shipping and aircraft with France, Jersey is not a party to any tax treaties. Jersey also is not covered by any tax treaties to which the U.K. is a party.
Features include:
- No exchange controls
- A major international banking centre
- Strong business infrastructure of internationally oriented professional service firms
- Modern legal system
- No value added tax
- No capital gains tax
- No income Tax upon the income of non-residents
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| CORPORATE REQUIREMENTS |
The registration and control of companies is governed by the Companies (Jersey) Law 1991. Companies can by incorporated as a Public or a Private Company. IBC status is available to a company incorporated abroad that wishes to hold board meetings in the Island without becoming liable to Income Tax on its income at 20%.
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