James Willmott, partner in our Jersey corporate practice, provides a Q&A on the Companies (Jersey) Law 1991 (Jersey Companies Law), the principal Jersey companies legislation, and other relevant legislation including the Companies (General Provisions) (Jersey) Order 2002 ('CGPO') and the Control of Borrowing (Jersey) Order 1958 ('COBO').
Most companies incorporated in Jersey are private limited liability companies with par value shares (i.e. each share has a nominal or par value). This type of company is similar to an English private limited company. The Jersey Companies Law also permits a private limited liability company to be established with no par value shares. There are also a significant number of public limited liability companies incorporated in Jersey (with both par value and no par value shares), including many that are listed on the UK, US and other markets. It is also possible to incorporate unlimited companies, companies limited by guarantee and cell companies in Jersey, although these types of companies are generally used for specific purposes and are therefore not as popular as limited liability companies.
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.