Aspen Trust

General Information

• Type of Company – Private Limited Company
• Legislation – Common Law
• Company name – Non-English company names are allowed
• Time-scale for incorporation – 2 days
• Double tax treaties - Wtih UK and Guernsey
• Shelf companies are not available
• Money laundering legislation is in existence

Local Requirements

• Registered Office must be maintained
• Company Secretary is required. There are no residency requirements
• Public recording of shareholders is required
• Public recording of directors is not required
• Accounts and Audit requirements are not required for public filing, but they should be prepared

Corporate Requirements

• Minimum number of shareholders – One (1)
• Minimum number of directors - ONe (1). May be a natural person only and can be of any nationality or residency
• Minimum capital requirement – GBP1.00
• Standard Authorised Capital – GBP£10,000
• Bearer shares are NOT permitted
• Corporate Directors are NOT permitted

Annual Requirements

• Annual return filing is required along with an Annual Return filing fee of GBP£150
• Statutory accounting is required
• Taxation – Totally exempt from income tax in respect of income from sources outside Jersey