Key Features of a JPF
Regulation of the financial services industry is conducted by the Jersey Financial Services Commission, a mature and well-respected authority. Asset management businesses located in Jersey are well placed to act for Jersey and non-Jersey funds alike.
Once authorised, Jersey-based fund asset managers can also be appointed to non-Jersey domiciled funds, so there is no need for funds to be relocated with the asset manager. There is no prior approval process before new appointments are accepted, though the funds themselves may require limited approval in certain circumstances (for example, if a prospectus is to be circulated in the Island or if units in the fund are to be registered in the Island).
Legal Requirements
|
Requirements |
Description |
|
General |
|
|
Jersey Company, Limited Partnership |
|
No |
|
Share capital or equivalent |
|
|
· Minimum paid up capital |
None |
|
Directors |
|
|
2 |
|
Yes |
|
Yes (minimum of two) |
|
Shareholders |
|
|
2 |
|
Yes |
|
No |
Tax Treatment
Non-resident income is tax exempt.
Duration to Set Up
3 months
Distinctive Benefits of Licence
- Robust yet flexible regulatory environment
- Professional infrastructure and quality of workplace
- Tax neutrality and Tax Exchange Agreements
The Valsen Advantage
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers