Jersey International Business Companies (IBC):

The status of International Business Company can be held by an incorporated Jersey company or the branch of a foreign company. An IBC is resident in Jersey for tax purposes but the rates of tax are very low on non-Jersey income (see Tax Regimes). Jersey residents may not hold shares in an IBC.

An annual advance tax payment of GBP1,200 must accompany an application for IBC status. As for private companies in general, beneficial ownership has to be disclosed, but is not kept on the public record.

NB In accordance with Jersey’s commitment to the ‘Rollback’ provisions of the EU Code of Conduct for Business Taxation, the International Business Company vehicle was abolished to new entrants with effect from 1st January, 2006. Benefits for existing beneficiaries of the International Business Company regime will be progressively extinguished by no later than the 31st December 2011.

Version date: 07.05.06