22.28 JERSEY

Jersey is the largest and most southerly of the Channel Islands off the coast of England 23 km off the west coast of France. It is one of the world's foremost offshore centers with a long history of security and stability. The authorities seek only the cream of the offshore business. There is a highly sophisticated infrastructure of trust companies, banking services, accountants, lawyers etc. An exempt company can pay a flat tax of GBP 500 and filing fee of GBP 120 per year. Beneficial ownership must be disclosed to the authorities prior to registration, however, absent evidence of criminal conduct is not to be disclosed. There is some controversy concerning whether disclosures were recently made following proper procedures.
Companies are registered under the Companies Law of 1991 in approximately 3 days. All company names must finish with the word "Limited" or "Ltd.". No par value and bearer shares are permitted. There is a capital duty of 0.5% and there is no restriction on where meetings are to be held. There is a double tax treaty with the U.K. , Guernsey and a limited one with France.

Trusts may be formed using any name as there is no trust registry. Trust income outside of Jersey would not be subject to any Jersey tax.

Jersey is very useful for companies which need to deal with the public but is not appropriated for clients needing maximum privacy nor is it a low cost solution.
(Courtesy of the Baltic Banking Group).

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22.29 JORDAN

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22.30 LABUAN

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22.31 LIBERIA

Liberia can best be described as an incorporation haven . It is one of the oldest tax havens, and unique for the simple fact that it has no infrastructure of local attorneys or accountants, and the tax haven clientele never goes there. Liberia is in the business of registrering corporations and ships. There are no other services offered. All contact is carried out the two Liberian correspondent offices in New York or Z�rich listed below. The only name restrictions are that they cannot be similar or identical to an existing company or that they indicate that the business of banking or insurance will be carried out. It is possible to incorporate company using the words Royal, Imperial and Trust without any restrictions. Any standard corporate suffix, such as Limited, Corporation, Incorporated, Soci�t� Anonyme, Soci�t� par actions, Sociedad Anonima, Limitada. Aktiengesellschaft, Naamloze Vennootschap, Aktieselskab etc., or the relevant abbreviations may be used. With this flexibility, a Liberian corporation can blend into the business environment in which its business is being conducted.

Liberia has been a popular tax haven for registering ships for over 40 years. Found on the western coast of Africa, Liberia boasts a merchant shipping fleet more than three times the size of the United States. Liberia was founded in 1847 by freed American slaves with much help from the USA. Monrovia, its capital, was named in honor of President James Monroe, the 5th President of the United States. Liberia�s Constitution and government are patterned after that of the United States, but Liberia has only one political party. Recent civil war has made Liberia a poor choice to domicile a shipping company.
(Courtesy of New Providence Press: Tax Havens of the World ).

Find the contact names, addresses, numbers and information for local government offices, banks, accountants, company formation services, investment and management companies, advisors, experts, maildrops, real estate agents and other useful local contacts in the THE OFFSHORE MANUAL & DIRECTORY .