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Jersey Registry & Laws

Jersey companies come under the regulation of the Jersey Financial Services Commission (JFSC). In order to establish a company in Jersey they undergo certain checks on all individuals involved in the company to ensure that they are satisfied that these qualify with their high standards.

Companies registered in Jersey fall under the Companies (Jersey) Law 1991. This replaced what is now termed as ‘the old laws’ which was the Loi (1861) sur les Societes avec Responsabilite Limitee and the Companies (Supplementary Provisions) (Jersey) Law 1968. This is very similar to the English Companies Act, but is somewhat preferable for its flexibility enabling the constitutional documents to vary depending on investor’s needs. To form a company under this act you first need the permission from the JFSC who will only do so once they have carried out all their extensive checks.

The following are some of the basic rules concerning shares for a Jersey company.

- A Jersey subsidiary company cannot hold shares in its holding company.
- Shares can be issued in any denominated currency.
- Different voting rights may be attached to different classes of shares.
- Non-voting shares may be issued
- Fraction shares may be issued.
- Bearer shares are not permitted.

Although companies must keep adequate accounting records in the form of financial statements there is no requirement for these to be audited for private companies.

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