{"id":2796,"date":"2019-09-23T09:05:04","date_gmt":"2019-09-23T09:05:04","guid":{"rendered":"https:\/\/channelislandbusinessbrokers.com\/?p=2796"},"modified":"2020-12-28T09:26:22","modified_gmt":"2020-12-28T09:26:22","slug":"buying-a-business-in-jersey","status":"publish","type":"post","link":"https:\/\/channelislandbusinessbrokers.com\/buying-a-business-in-jersey\/","title":{"rendered":"Buying A Business In Jersey"},"content":{"rendered":"\t\t
So, if you\u2019re ready to buy a company or set up a company in Jersey, this guide is for you.<\/p>
Let\u2019s dive right in.<\/b><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t Jersey sits in the Bay of St. Malo just 14\u00a0miles from the French coast and 85 miles from the south coast of England. Jersey is the biggest of the Channel Islands, a British Crown Dependency, and is defended and internationally represented by the UK government.<\/p> Jersey is a British Crown (self-governing) Dependency, has independent control over its internal government, taxation, legislation and is not part of the UK. Tax and regulatory aspects of Company Law can be very different to the UK, we therefore recommend you seek professional, legal and tax advice when deciding on your Company Structure.<\/p> Channel Island Business Brokers has extensive experience in structuring companies for non-residents should you need guidance.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t If you’re looking to buy a business then Channel Island Business Brokers provide a free, confidential service. We can guide you on which business structure is most appropriate for you.\u00a0<\/p> You may also contact the Jersey\u00a0Population Office<\/a>\u00a0for further advice.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t If you become self-employed when you set up or acquire a business in Jersey, you will be eligible for a startup rate of Social Security Class 2 contributions. You can find out more at gov.je website\u00a0Startup Plan page<\/a>.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t If you want to start or buy a business in Jersey as a sole trader or partnership, you’ll need a business licence. This is required by law.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Your business must not trade until you receive confirmation that your business license has been granted.<\/p> You can download an application form here: Download new business application form<\/a><\/p> You will need to print off the form, sign and submit by email (Email: businesslicensing@gov.je<\/a>).<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Business Licensing Team (Population Office)<\/p> Philip Le Feuvre House<\/p> La Motte Street<\/p> St. Helier<\/p> JE4 8PE.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t You will then be contacted in order to check your\u00a0residential status<\/a>.<\/p> For more information, read our\u00a0sole trader and partnership application guidance notes<\/a>.\u00a0<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Jersey Financial Services Commission will receive your application form.<\/p> \u00a0<\/p> There will be registration fee and the JFSC will contact you to take payment before your business name can be registered.<\/p> Once your business name is registered you will receive a certificate of confirmation. If for any reason your business name is refused, JFSC will contact you directly.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Check that the business name you have chosen hasn\u2019t already been registered, and that you have complied with JFSC guidelines. You can do this by checking the\u00a0company search on the JFSC website<\/a>.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t Before you can apply for a business licence your company must be approved and registered with the JFSC.<\/p> Once you\u2019ve set up your company, you will need to download an application form Download application form for a business licence by a limited company<\/a> . Please print off, sign and submit by email (Email: businesslicensing@gov.je), drop it in or post to:<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t Business Licensing Team (Population Office)<\/p> Philip Le Feuvre House<\/p> La Motte Street<\/p> St. Helier<\/p> JE4 8PE.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t You will be required to register your company to pay Social Security contributions (within two days) if you employ a member of staff for eight hours or more a week.<\/p>
The Companies (Jersey) Law 1991 regulates the administration and formation of all companies in Jersey.<\/p>Help and advice for business buyers<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Starting Out <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
Sole trader and partnership Licences<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
How to register your business name<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
How to register as a limited company<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t