Jersey

Bailiwick of Jersey is the largest of the Channel islands and another British offshore territory. A self governing parliamentary democracy, still under the constitutional monarchy of the United Kingdom. Financial, legal and judicial systems are all self sustained, providing economic and political stability.

Economy

The economy of Jersey is composed mainly on the financial services, with a small parts in tourism, e-commerce and agriculture. Due financial services being a low investment - high return services, the GDP per capita is fairly high in Jersey.

Taxation

Non resident companies in Jersey are tax free. Only a yearly fee must be paid on yearly profit. Resident companies in Jersey are subject to 20% income tax. Jersey has double tax treaty with UK and Guernsey.

Incorporation

Incorporation times ranges from 5 to 15 days. In order to qualify for a tax free company in Jersey the company must have an office registered in Jersey, and must not be engaged in the following activities: financial services (banks, trusts, etc), gas and electricity companies, property rental and development services. Altho there must be a registered office, the director of the company may not be resident or reside within. The secretary of the company may follow the same rules as the director of the company. The minimum number of shareholders is one.

Over all aspects of this jurisdiction are very nice and I would recommend the incorporation in this jurisdiction by anyone who knows how to use the register and is not afraid to spend some time and effort in figuring the right way of incorporation.