Jersey - Company Incorporation

Jersey is a popular jurisdiction in which to incorporate companies for use on a wide range of transactions, including investment funds, private equity, structured finance and securitisation transactions as well as listings on the Alternative Investment Market of the London Stock Exchange.

Jersey companies are regulated by the Companies (Jersey) Law 1991, which suits the requirements of international investors.

Company Types

Shelf companies are not generally used. This is due to the simplicity of the incorporation process and the regulations governing disclosure of beneficial ownership and the raising of funds through the issue of shares. When a Jersey company is required it is usual practice to incorporate a new company, which provides greater security.

Incorporation Steps

To incorporate a company the following must be delivered to the Registrar of Companies:

• A statement of particulars, signed on behalf of the original subscribers. These particulars include the name and registered office address of the company and, in the case of a public company, details of its directors and of its proposed financial year end date.
• Memorandum and articles of association, in a form suitable for the type of company

In addition, it will be necessary to make an application to the Jersey Financial Services Commission under the Control of Borrowing (Jersey) Order 1958 for consent to issue shares in the Company.