--- canonical: "https://euincnow.com/company-formation-jersey" dateModified: "2026-10-11" --- # Company Formation in Jersey: Types, Taxes and Costs Forming a company in Jersey takes anywhere from 2 hours to 5 business days once documents and due diligence are complete. Jersey is a British Crown Dependency, not part of the UK and not in the EU, best known for its "zero/ten" corporate tax (a 0% standard rate) and a low 5% GST in place of VAT. There is no minimum share capital, but non-resident founders must work through a licensed Jersey trust and company service provider, which adds fees and onboarding time. ## Jersey at a glance - Jersey is outside the European Union. Its companies follow the jurisdiction's own incorporation rules. Compare company types, capital, tax, timing and signing requirements before you choose. The proposed 28th Regime (EU Inc) is a separate option that is not available yet. ### Company types in Jersey - Private company limited by shares (Ltd) The standard vehicle under the Companies (Jersey) Law 1991: at least one director and one shareholder, a single member allowed, and no minimum share capital. - Cell company (PCC / ICC) Protected or Incorporated Cell Companies ring-fence assets and liabilities into separate cells, used mainly for investment funds and insurance. * Company formation in Jersey: key facts (last reviewed July 2026) - Corporate tax Jersey uses the "zero/ten" regime: the standard corporate tax rate is 0% (most companies pay nothing but still file). A 10% rate applies to certain regulated financial-services companies, and 20% to utilities, Jersey property income and large retailers. From 2025, very large multinational groups face a 15% minimum under OECD Pillar Two. - VAT rate No VAT. Jersey levies a Goods and Services Tax (GST) at a 5% standard rate, with mandatory registration above GBP 300,000 of turnover. - Dividends & payroll taxes Most trading companies pay 0% corporate tax and Jersey levies no dividend withholding. Personal income tax is a flat 20% for residents, and employer social security runs around 6.5%. - Minimum share capital No statutory minimum share capital under the Companies (Jersey) Law 1991; companies are routinely formed with purely nominal capital (the online form defaults to 10,000 GBP 1 shares, but that is optional). - Setup time The JFSC offers service levels from 2 hours to 5 business days. For non-residents the slower step is the trust company service provider's onboarding (KYC and AML), which can take a few days to a couple of weeks. - Remote setup Yes, fully remote, but non-resident founders must engage a Jersey-licensed Trust and Company Service Provider (TCSP), which files the incorporation, supplies the registered office and handles due diligence. All-in first-year cost is typically GBP 1,000 to GBP 5,000. - Director / residency No residency requirement. At least one director, one shareholder and a company secretary are needed (a sole director cannot be the sole secretary). The company must keep a Jersey registered office and a nominated person. - Banking options As a leading finance centre, Jersey hosts HSBC, Barclays, Lloyds, NatWest and RBS International among others; corporate account opening is KYC-heavy and arranged through the TCSP. Fintech accounts are used for day-to-day operations. * Jersey is a British Crown Dependency (the largest Channel Island), self-governing and NOT part of the UK or the EU (it sits fully outside the EU VAT area), so a Jersey company would not qualify for the EU Inc / 28th Regime. It uses pound sterling and is a long-established offshore and funds centre. ## How to register a company in Jersey - Step by step, this is how a Jersey formation actually runs: 1. **Engage a licensed TCSP.** Only a Jersey-licensed trust and company service provider can act for non-resident founders; it runs due diligence up front. 2. **Clear KYC.** Source-of-funds and beneficial-ownership checks are the real timeline; the registry filing itself is quick. 3. **File with the JFSC registry.** Standard incorporation completes in days, with fast-track options measured in hours for urgent cases. 4. **Set up the registered office.** The TCSP provides the registered office and maintains the statutory records. 5. **Open banking.** Channel Islands branches of the major UK banks onboard through the TCSP introduction; expect thorough questions. ## What company formation in Jersey costs - Registry fees start around GBP 150, but the economics are set by the TCSP: incorporation packages commonly run GBP 1,500 to 4,000 and annual administration GBP 3,000 to 8,000 depending on complexity. The annual confirmation fee is a few hundred pounds. This is a professional-services jurisdiction, priced accordingly. ## Who can form a company in Jersey - Check ownership eligibility separately from director, local-address and licensing requirements. Permission to own shares does not automatically give you permission to live or work in Jersey. The director and residency information above identifies the main formation conditions to review. - Jersey fits funds, holding vehicles and structures where tax neutrality, English-law familiarity and strong administration justify the fees. It offers no EU market rights and real substance rules, so it is the wrong tool for a small operating startup. ## After registration: what Jersey expects each year - An annual confirmation statement goes to the registry, the TCSP maintains beneficial-ownership records, and economic-substance reporting applies to relevant activities. Standard trading companies sit in the 0% corporate tax band, with 10% for regulated financial firms. No public filing of accounts for private companies. ## Jersey and the 28th Regime (EU Inc) - EU Inc, the proposed 28th Regime, would add a harmonised company form in EU member states. Registration is not open and no launch date is confirmed. Jersey is outside the EU, so forming a company there does not make it an EU company or guarantee access to the proposed regime. Read how to prepare an EU Inc company, or compare current options in company formation in Europe. ## Sources and review scope - Use the linked registries, authorities and specialist references to check the requirements for your company. A review of formation costs and filings does not replace a review of your tax position. - No separate topic-level check date is recorded for this profile. Confirm the current requirements with the linked authority before proceeding. ### Reference links - [taxsummaries.pwc.com][1] - [jerseyfsc.org][2] ## Frequently asked questions ### Can a foreigner open a company in Jersey? - No residency requirement. At least one director, one shareholder and a company secretary are needed (a sole director cannot be the sole secretary). The company must keep a Jersey registered office and a nominated person. ### How long does company formation in Jersey take? - The JFSC offers service levels from 2 hours to 5 business days. For non-residents the slower step is the trust company service provider's onboarding (KYC and AML), which can take a few days to a couple of weeks. ### What corporate tax does a company in Jersey pay? - The headline summary is 0% (zero/ten), with standard VAT of 5% GST (no VAT). Company form, activity, size and where the business operates can change the treatment. Read the detailed tax information and confirm the rules for your case. ### Can I form a company in Jersey remotely? - Yes, fully remote, but non-resident founders must engage a Jersey-licensed Trust and Company Service Provider (TCSP), which files the incorporation, supplies the registered office and handles due diligence. All-in first-year cost is typically GBP 1,000 to GBP 5,000. ## Source URLs [1]: https://taxsummaries.pwc.com/jersey/corporate/taxes-on-corporate-income [2]: https://www.jerseyfsc.org/registry/register-or-make-a-change/incorporate-a-company/