For practical help with preparing the necessary documentation, you can attend one of our Incorporating and Administering a Limited Company workshops which we run regularly throughout the year. 127YJ Application of Part 21 to cell companies. Searches for Registered Businesses search the existing registered business database for any entity that matches the search criteria. For more information please read our, Submitting the incorporation documents to the JFSC. This will also include obtaining an understanding of the proposed activities of the company in light of the JFSC's Sound Business Practice Policy (the "SBPP"). Foreigners can own all the shares in a Jersey Company. Name: The first and foremost step is the selection of a name. The company must keep accounting records which are sufficient to show and explain the transactions of the company. The Law requires that, on the incorporation of the company, the Articles are also signed by or on behalf of each subscriber to the Memorandum in the presence of at least one witness. Jersey has lower operational challenges in terms of potential audit requirements, etc. Publicly Accessible Records . An application form requesting the COBO Consent will be submitted to the JFSC together with the incorporation papers for the company. The application form will provide information regarding the proposed activities of the company and the identity of its ultimate beneficial owner(s). The final document required is a Statement of Particulars on Incorporation which is simply a summary of the company's main incorporation details. The approval of the chosen name will depend upon its similarity to existing company names and its suitability from a public policy point of view. The liability of the guarantee members is limited to the amounts they undertake to contribute on a winding up of the company. Find out if a company registered in New Jersey is also registered in other states. 3. cheque or other payment of the prescribed fees, which are currentl… It will also confirm that the ultimate beneficial owner(s) has/have not at any time been declared bankrupt or been a director of or otherwise involved in the management of a company which has been the subject of an insolvent liquidation or judicial enquiry. It is recommended that you seek legal advice for any individual matter which may concern you. Our Jersey Company Formation packages can come in handy in this regard. electric, gas, oil, rates, telephone; or. Also, the name should not be misleading or undesirable. Application for incorporationThe Memorandum, the Articles, the Statement of Particulars on Incorporation and the COBO Consent application form will be lodged at the JFSC, together with the applicable registration fee. Corporate & Commercial |
This is a sub-category of limited life companies and these companies are known as fixed life companies. This includes original and amended articles of incorporation as well as registered agent/office changes. Jersey companies involved with international business and trade are known as “exempt” companies and cannot engage in trade or business within Jersey. Jersey pound: Time zone: GMT+1: Features of the incorporation of a company: Type of company: International Business Company (IBC) Capital required: No minimum capital is required: Legal system: Common Law: Number of directors/shareholders: Minimum, 1 director/ 1 … Types of Jersey companiesThe Companies (Jersey) Law 1991, as amended (the "Law") makes provision for different types of company. Private and public companies with unlimited members. the company's share capital may be expressed as being 100 shares of Â£1 each). These include the following: The Law also makes provision for cell companies. 127YH Incorporation of a cell independent of a cell company. In order to incorporate a company, an individual Jersey resident must be seen face to face and with the appropriate identification as detailed below: 1) Either: A full 10 year current passport; or This workshop will also explain the administrative responsibilities you will have once you have set up your limited company. Name The first step, though not compulsory, when incorporating a company is to reserve a proposed company name with the Registrar of Companies (the Registrar) and await formal approval of that name. Ongoing considerations. IncorporationThe application will be processed and, assuming satisfactory information has been provided, the Registrar of Companies will issue a certificate of incorporation of the company which constitutes conclusive evidence of its incorporation. A normal resident Jersey company is not tax exempt. Ohio: May 1, 1852; New Jersey: April 2, 1873 (breaking the Camden and Amboy Rail Road's monopoly and allowing for the National Railway project) Santa Clara County v. Southern Pacific Railroad Company, 118 U.S. 394 (1886) A company incorporated in Jersey, subject to certain conditions, may be considered as non-resident if it is managed and controlled elsewhere. We can provide a search report from the Jersey Companies Registry with the latest information on the target company. There is no charge for reserving a company name and once done gives you 6 months to file the incorporation documents. As company incorporation agents our experience and relationship with the Jersey Registrar of Companies which is part of the Financial Services Commission means, we can obtain registry copies of company documents and conduct comprehensive Jersey company searches.
A cell company may either be a protected cell company (which can create cells, not having their own separate legal personality), or an incorporated cell company (which can create incorporated cells with their own separate legal personality). Your step by step guide to incorporating your limited company in Jersey. Control of borrowing consentIn order to issue shares or admit any guarantor member, a Jersey company requires a regulatory consent from the JFSC pursuant to the Control of Borrowing (Jersey) Order, 1958, as amended (a so-called "COBO Consent"). National Corporation Directory Multi-State Search (nationwide search of all 50 official Secretary of State databases, $25 fee for unlimited searches for one day) Find more info on a New Jersey company Use public corporation web search tools. Jersey Company Formation. Jersey Registry holds and updates nine registers including Jersey companies, business names, foundations, trademarks and security interests.