Economic Substance

This includes holding companies, intellectual property companies, leasing companies, headquartered businesses, insurance firms, and various other types of businesses.

In common with other offshore centres. Jersey has introduced legislation to prevent abusive tax practices. Where companies derive income offshore there are specific requirements placed upon them. Responsible Compliance will ensure that financial penalties and reputation damage are not incurred.

Deploying the right combination of governance, and economic activity on island ensures that full compliance can be demonstrated.

The most important early step is to ensure correct classification, with which the experienced team at Forward can assist. We can advise on the legal status, tax applicability and any rectification measures on a company’s offshore activities to identify any potential substance issues and work with you to find rapid, cost-effective solutions.

Where companies are required to hold physical meetings in Jersey, our conveniently located office at the General Aviation facility at Gama Aviation at Jersey’s airport. Busy executives can hold a meeting and conclude their business without having to travel to town and back. There is no faster or more efficient way to conduct business in Jersey.