Fees and Charges
Jersey Corporate Service Fees
Forward Group charges for its Corporate Service Fees within three categories: One-off fees that are not expected to recur; Annual fees which represent the fee for the holding of an office or position; and Activity fees for undertaking any required work. One-off and annual fees are billed initially and then in January. Activity fees are billed when the associated work has been completed quarterly in arrears.
One-off fees (1)
Incorporation of a standard Jersey Company
from £2,500
Incorporation of a standard Jersey Company (fast track <2 days)
from £3,500
Transfer in of an existing Company
from £2,500
Dissolution or Transfer out
£2,500
Annual responsibility fees (2)
Provision of Corporate Directors (if applicable) and/or Registered Office, Company Secretary and Nominated Person
£3,850
Annual Compliance Monitoring (3)
£800
Activity fees
– time spent
General administration and bookkeeping (excluding the below)
£ Time Spent
– fixed fees in addition to general administration
Preparation of annual financial statements
from £1,250
Annual FATCA / CRS classification / verification per entity
£450
Prepare and submit Jersey Tax return
£475
Annual registration for Data Protection
£150
Annual registration of Company as an ISE
£150
Prepare and Submit Annual Confirmation
£225
Administration charges forming part of Jersey Corporate Service fees are payable on a time spent basis in addition to the above responsibility fees for the provision of the holding of the office of Director and/or Company Secretary and a Registered Office.
Forward Group does not levy a minimum charge for administration, however clients are generally advised to allow £1,000-£2,000 per year to cover regulatory mandated reviews, general administration and client interactions which are required even in respect of an inactive or dormant entity. Dormant entities are still required to prepare and file tax returns with their annual financial statements.
Dissolution and transfer out fees relate solely to the preparation and filing of the necessary filing forms with the Jersey Financial Services Commission and excludes any work in relation to the transfer or realisation of assets and liabilities which would be chargeable on a time spent basis.
Forward Group does not levy a minimum charge for administration, however clients are generally advised to allow £1,000-£2,000 per year to cover regulatory mandated reviews, general administration and client interactions which are required even in respect of an inactive or dormant entity. Dormant entities are still required to prepare and file tax returns with their annual financial statements.
Dissolution and transfer out fees relate solely to the preparation and filing of the necessary filing forms with the Jersey Financial Services Commission and excludes any work in relation to the transfer or realisation of assets and liabilities which would be chargeable on a time spent basis.
Corporate Disbursements
The Jersey Corporate Service Fees shown above do not include third party or statutory fees, including currently:
One-off disbursements (1)
Company incorporation fee payable to JFSC
£200 - £820
Disbursements due in January annually (1)
Company Annual Confirmation Statement (payable to the JFSC from the first full calendar year)
£330
International Service Entity (ISE) registration fee (payable to Jersey Tax)
£300
Data Protection Registration (payable to the Jersey Office of the Information Commissioner - JOIC)
£50
Disbursement prices may be subject to change without notice. A full list of fees charged by the Jersey Company Registry for corporate entities is available on the JFSC website. Information on the ISE fee is available on the gov.je website. Information on the JOIC fee is available from the Office of the Information Commissioner website.
Jersey Foundation Service Fees
Forward Group charges for its Foundation Service Fees within three categories: One-off fees that are not expected to recur; Annual fees which represent the fee for the holding of an office or position; and Activity fees for undertaking any required work. One-off and annual fees are billed initially and then in January. Activity fees are billed when the associated work has been completed quarterly in arrears.
One-off fees (1)
Incorporation of a standard Jersey Foundation
from £3,000
Incorporation of a standard Jersey Foundation (fast track <2 days)
from £3,500
Transfer in of an existing Foundation
from £2,500
Dissolution or Transfer out
from £2,500
Annual responsibility fees (2)
Provision of Council Member, Qualified Member, Guardian (if applicable),
Registered Office and Nominated Person
Registered Office and Nominated Person
£3,850
Annual Compliance Monitoring (3)
£800
Activity fees
– time spent
General administration and bookkeeping (excluding the below)
£ Time Spent
– fixed fees in addition to general administration
Preparation of annual financial statements
from £1,250
Annual FATCA / CRS classification / verification per entity
£450
Prepare and submit Jersey Tax return
£475
Annual registration for Data Protection
£150
Annual registration of Company as an ISE
£150
Prepare and Submit Annual Confirmation
£225
Administration charges forming part of Jersey Foundation Service fees are payable on a time spent basis in addition to the above responsibility fees for the provision of the holding of the office of Council Member, Qualified Member, Guardian (if applicable) and a Registered Office.
Forward Group does not levy a minimum charge for administration, however clients are generally advised to allow £1,000-£2,000 per year to cover regulatory mandated reviews, general administration and client interactions which are required even in respect of an inactive or dormant entity. Dormant entities are still required to prepare and file tax returns with their annual financial statements.
Dissolution and transfer out fees relate solely to the preparation and filing of the necessary filing forms with the Jersey Financial Services Commission and excludes any work in relation to the transfer or realisation of assets and liabilities which would be chargeable on a time spent basis.
Forward Group does not levy a minimum charge for administration, however clients are generally advised to allow £1,000-£2,000 per year to cover regulatory mandated reviews, general administration and client interactions which are required even in respect of an inactive or dormant entity. Dormant entities are still required to prepare and file tax returns with their annual financial statements.
Dissolution and transfer out fees relate solely to the preparation and filing of the necessary filing forms with the Jersey Financial Services Commission and excludes any work in relation to the transfer or realisation of assets and liabilities which would be chargeable on a time spent basis.
Foundation Disbursements
The Jersey Foundation Service Fees shown above do not include third party or statutory fees, including currently:
One-off disbursements (1)
Foundation incorporation fee payable to JFSC
£200 - £820
Disbursements due in January annually (1)
Foundation Annual Confirmation Statement (payable to the JFSC from the first full calendar year)
£330
International Service Entity (ISE) registration fee (payable to Jersey Tax)
£300
Data Protection Registration (payable to the Jersey Office of the Information Commissioner - JOIC)
£50
Disbursement prices may be subject to change without notice. A full list of fees charged by the Jersey Registry for foundation entities is available on the JFSC website. Information on the ISE fee is available on the gov.je website. Information on the JOIC fee is available from the Office of the Information Commissioner website.
Trust Service Fees
One-off fees (1)
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
from £3,000
Transfer in of an existing Trust, including the execution of any required Deed of Retirement and Appointment
from £2,500
Annual responsibility fees (2)
Provision of a Corporate Trustee
from £3,850
Annual Compliance Monitoring (3)
£800
Activity fees
Time Spent
General administration and bookkeeping (excluding the below)
£ Time spent
Fixed fees in addition to general administration
Preparation of annual financial statements
from £1,250
Annual FATCA / CRS classification / verification per entity
£450
Prepare and submit Jersey Tax Return
from £475
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 legal documentation or for external investment performance reviews etc conducted by third parties.
Time Charges
Time charges are generally levied either quarterly or monthly in arrears. Time is chargeable in units of 6 minutes at the following standard hourly rate with effect from 1 January 2025:
Associate Director / Director
£335 - £395
Manager / Senior Manager
£280 - £335
Assistant Administrator / Administrator / Senior Administrator
£160 - £280
Bookkeeping / Client Accountant
£180 - £235
Hourly rates are subject to review annually in January and are revised for inflation or other factors.
Notes on Fees and Charges
One-off fees (1)
Take on and formation fees
One-off fees are generally fixed, however, where the entity has other risk factors, is involved in sensitive activities, or is a more complex arrangement, and/or where during our onboarding process, subsequent to the issuance of a fee proposal, we discover that further investigations are necessary or other high-risk factors are encountered, then the fee may increase with the time spent.
One-off fees are generally fixed, however, where the entity has other risk factors, is involved in sensitive activities, or is a more complex arrangement, and/or where during our onboarding process, subsequent to the issuance of a fee proposal, we discover that further investigations are necessary or other high-risk factors are encountered, then the fee may increase with the time spent.
Annual Fees (2)
All responsibility fees are billed in advance. In the event a structure terminates, winds up or transfers out part way through a billing period, any fees paid are not pro-rated or refundable.
Annual responsibility fees
Forward Group Limited uses up-to-date data storage and security techniques to protect your personal information from unauthorised access, improper use or disclosure, unauthorised modification or unlawful destruction or accidental loss.
Compliance Monitoring fees (3)
Compliance monitoring fees represent the costs of monitoring ongoing compliance matters, such as the ongoing screening and sanctions monitoring required by law on controllers, directors, beneficiaries, settlors, protectors, founders, guardians and/or other connected entities.
Compliance monitoring fees are risk-adjusted by entity and structure to account for any higher risk factors such as enhanced risk or sensitive activities, or for structures involving certain high profile or politically exposed persons. Where a large structure is under common ownership or control then compliance monitoring fees may be capped across the structure.
The compliance monitoring fee does not include the time spent in respect of file reviews or other regulatory mandated periodic reviews or from trigger events, nor any time spent in resolving any matters identified during those reviews, which are invoiced as activity fees.
Annual responsibility fees
Forward Group Limited uses up-to-date data storage and security techniques to protect your personal information from unauthorised access, improper use or disclosure, unauthorised modification or unlawful destruction or accidental loss.
Compliance Monitoring fees (3)
Compliance monitoring fees represent the costs of monitoring ongoing compliance matters, such as the ongoing screening and sanctions monitoring required by law on controllers, directors, beneficiaries, settlors, protectors, founders, guardians and/or other connected entities.
Compliance monitoring fees are risk-adjusted by entity and structure to account for any higher risk factors such as enhanced risk or sensitive activities, or for structures involving certain high profile or politically exposed persons. Where a large structure is under common ownership or control then compliance monitoring fees may be capped across the structure.
The compliance monitoring fee does not include the time spent in respect of file reviews or other regulatory mandated periodic reviews or from trigger events, nor any time spent in resolving any matters identified during those reviews, which are invoiced as activity fees.
Activity fees (4)
Activity fees may be time charged, fixed for a period or for a particular piece of work, or a mixture such that only some administrative activity elements are scoped within a fixed fee arrangement and others charged on a time spent basis. In the event a structure terminates, winds up or transfers out part way through a billing period any fees paid are not pro-rated or refundable.
Fixed administration fees
Fixed administration fees are available by negotiation. Where administration work is chargeable on a fixed fee basis, then invoices will be due and payable in advance for the year.
Time charged activity fees
Where administration work is chargeable on a time spend basis, then invoices will be due and payable monthly or quarterly in arrears commensurate with the level of activity.
Accountancy and taxation
Preparation of financial statements for most entities under administration is an annual requirement. Entities may also have annual or periodic tax filing or other reporting obligations, for example, certain structures require reporting in Jersey under FATCA or CRS.
Fees for accountancy and tax related services are generally charged on a fixed fee basis as and when those services are delivered. Bookkeeping fees are charged along with standard administration fees.
Fixed administration fees
Fixed administration fees are available by negotiation. Where administration work is chargeable on a fixed fee basis, then invoices will be due and payable in advance for the year.
Time charged activity fees
Where administration work is chargeable on a time spend basis, then invoices will be due and payable monthly or quarterly in arrears commensurate with the level of activity.
Accountancy and taxation
Preparation of financial statements for most entities under administration is an annual requirement. Entities may also have annual or periodic tax filing or other reporting obligations, for example, certain structures require reporting in Jersey under FATCA or CRS.
Fees for accountancy and tax related services are generally charged on a fixed fee basis as and when those services are delivered. Bookkeeping fees are charged along with standard administration fees.
Billing Cycles
Annual responsibility fees and fixed administration fees are normally referenced to the standard calendar year. Time charges and ad-hoc activity fees are normally billed monthly or quarterly in arrears.
On establishment or transfer in, any annual responsibility fees and compliance monitoring fees are raised for a full year from the date of invoice. The following January any unbilled period falling due in that calendar year will be invoiced on a pro-rated basis. The January invoicing aligns the billing period to the calendar year such that the subsequent January invoices relate to a full year being the calendar year. Annual fees are non refundable and not pro-rated in a year should the business exit or be terminated.
Statutory and any associated activity fees for the upcoming year are invoiced in the 3rd quarter to ensure that any statutory returns and disbursements can be filed and paid in accordance with statutory deadlines.
On establishment or transfer in, any annual responsibility fees and compliance monitoring fees are raised for a full year from the date of invoice. The following January any unbilled period falling due in that calendar year will be invoiced on a pro-rated basis. The January invoicing aligns the billing period to the calendar year such that the subsequent January invoices relate to a full year being the calendar year. Annual fees are non refundable and not pro-rated in a year should the business exit or be terminated.
Statutory and any associated activity fees for the upcoming year are invoiced in the 3rd quarter to ensure that any statutory returns and disbursements can be filed and paid in accordance with statutory deadlines.
General
Please contact us for fees in relation to Partnerships.
Forward Group reserves the right to adjust its fees for inflation or other factors in subsequent years. Where fixed fee arrangements prove to be highly variant to the actual time costs, then Forward Group would expect to have a discussion with the client to ensure that an equitable arrangement is maintained.
Any client specific fee arrangement are detailed in a Fee Proposal. Fee proposals should be read in conjunction with our General Terms and Conditions which are available from your client services Director or on our website here.
Forward Group reserves the right to adjust its fees for inflation or other factors in subsequent years. Where fixed fee arrangements prove to be highly variant to the actual time costs, then Forward Group would expect to have a discussion with the client to ensure that an equitable arrangement is maintained.
Any client specific fee arrangement are detailed in a Fee Proposal. Fee proposals should be read in conjunction with our General Terms and Conditions which are available from your client services Director or on our website here.
Our Team
Key Contacts
Justine Goodwin
Director
Bronwyn Kirwan
Director