Corporate Service Fees
| One-off fees | |
| Incorporation of a standard Jersey Company | £2,000 |
| Transfer in of an existing Company | £1,000 |
| Annual fees * | |
| Provision of Registered Office and Company Secretary | £3,000 |
| Provision of Registered Office and Company Secretary and Corporate Director | £3,500 |
| Annual Compliance Monitoring ** | from £500 |
| Dissolution or Transfer Out | from £1,500 |
| Administration (see below) | Time Cost |
Administration charges are payable on a time spent basis in addition to the above responsibility fees for the holding of the office of Director and/or Company Secretary.
Corporate Disbursements
Fees shown above do not include third party or statutory fees, including:
- Company incorporation fee payable to JFSC (from £165 – £650 on incorporation)
- Company annual return, currently £235 per year
- International Service Entity registration fee, currently £200 per year
- Registration with the information commissioner, currently £50 per year
Trust Service Fees
| One-off fees | From |
| Fees for arranging the preparation and engrossment of a Standard Trust instrument, including the establishment of the principal records of the Trust and to assist with a Letter of Wishes. | £3,000 |
| Transfer in of an existing Trust, including execution of any required Deeds of Retirement and Appointment | £2,000 |
| Annual fees * | |
| Provision of a Corporate Trustee | £3,000 |
| Annual Compliance Monitoring Fee ** | £500 |
| Administration (see below) | Time Cost |
Administration charges are payable on a time spent basis in addition to the above responsibility fees for the holding of the office of Trustee.
Trust Disbursements
Fees shown above do not include third party fees, including legal fees in the drafting of trust deeds, deeds of retirement and appointments, letter of wishes or other documentation.
Time Charges
Time is chargeable in units of 6 minutes at the following standard hourly rates:
| Director / Associate Director | £300 |
| Senior Client Manager / Senior Accountant | £275 |
| Client Manager / Accountant | £250 |
| Senior Trust Officer | £225 |
| Trust Officer / Senior Administrator | £200 |
| Administrator | £175 |
| Assistant Administrator | £150 |
| Client Accounting | £125 |
| Support Staff | £75 |
Time charges are generally levied either quarterly or monthly in arrears. Rates are the usual charge-out rates for that grade of staff but should be considered indicative only as not all job titles or staff grades are shown, and in certain cases charge out rates may be uplifted, or reduced, depending on the specialist nature or risk of the work undertaken (e.g. work in relation to litigation claims is charged out by directors at £400/hr).
Accountancy and Taxation
| Preparation of annual accounts | from £1,000 |
| FATCA / CRS classification / verification per entity | £250 |
| Responsible officer for a financial institution (per yr) | £500 |
| Complete a Jersey Tax return (no economic substance requirements) | £350 |
| Complete a Jersey Tax return (with economic substance requirements) | £750 |
| Complete a UK ATED return | from £500 |
| Complete a UK Non Resident Landlord return | from £1,000 |
| Complete a UK VAT return in respect of UK property income | from £500 |
| Complete a UK CGT/CT return in respect of a disposal of property | from £1,000 |
Certain of the above services may be discharged by our associated Chartered Accountancy practice GS Accountants.
General
* Annual fees
Annual responsibility fees are charged for the first 12 months on incorporation or take-on. In January of the following year, a further fee is levied to bring the annual fees into alignment with the calendar year. If a structure is formed or taken on in the last quarter of a calendar year, fees will be levied until the end of the following year on a prorated basis. The January alignment invoice will also generally include the annual government statutory and other annual fees due for the calendar year.
Annual fees are the fee for the holding of an office of a Company or holding the position of Trustee only and the fee does not include any work in that capacity, which is otherwise billed quarterly or monthly in arrears depending on the size and activity of the structure. Timesheets are available to support all invoices, however, they are not generally provided for invoices of less than £1,000 unless specifically requested. Fixed administration fees are available by negotiation.
** Compliance Monitoring fees
Compliance monitoring fees are risk-adjusted for any high-risk factors such as higher risk activities, or for structures involving certain high profile or politically exposed persons. Where a large structure is owned by a limited number of individuals then monitoring fees can be capped.
The fee includes the time spent monitoring of compliance risk, such as ongoing screening and sanctions monitoring on the beneficial owners, directors and other connected entities. The fee does not include the time spent in respect of annual file or other regulatory mandated reviews, or the time costs in resolving any matters identified during those reviews which are charged in addition.
In the event of any queries in relation to our fees and charges please do not hesitate to contact us to discuss further. The fees on this page are indicative and subordinate to those specified in any engagement documentation and should read in conduction with our terms and conditions.
Click here to view our Terms and Conditions