| GUERNSEY | JERSEY | |
| GENERAL | ||
| Basis of legal system | Common Law | |
| Jurisdiction | Both the Bailiwick of Guernsey and Bailiwick of Jersey are British Crown Dependencies and do not form part of England, the UK or the EU. Each Bailiwick is self-governing and responsible for its own laws (subject to approval, in certain circumstances, by the Privy Council in London) | |
| Principal law | The Companies (Guernsey) Law, 2008 | Companies (Jersey) Law 1991 |
| Company type |
|
|
| Companies registry | Guernsey Registry | Companies Registry, Jersey Financial Services Commission (JFSC) |
| INCORPORATION AND ANNUAL FILINGS | ||
| Timing and cost |
|
|
| Government regulatory consents | None | Control of Borrowing consent before issuance of shares on incorporation and, in certain circumstances, for any transfer and further issuance of shares |
| Constitutional documents | Memorandum and articles of incorporation | Memorandum and articles of association |
| Permitted objects | Unrestricted, unless otherwise provided by law or its memorandum | |
| Minimum shareholders | One | One (private) or Two (public) |
| Annual filing (cost) | Annual validation (Non-regulated: £250, Financial product companies: £500, PCC / ICC: £750 + £10 per PC / £100 per IC) NB: No requirement to disclose members | Annual return (£150 + £150 per cell of PCC/ ICC) NB: Must disclose details of members holding > 1% of shares |
To read this comparison in full, please click here.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
