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⍰ ASK What is the legal status of offshore companies in Jersey?

Offshore companies in Jersey are considered to be international business companies (IBCs) under Jersey law. They are considered to be separate legal entities from their owners and have limited liability. As a result, the liability of the owners of an offshore company in Jersey is limited to the amount of capital they have invested in the company.

Offshore companies in Jersey are subject to a range of legal and regulatory requirements, including the need to maintain proper records and accounts, file annual returns, and appoint directors and officers.

It is important to note that while offshore companies in Jersey are not subject to Jersey's corporate tax laws, they may still be subject to tax in other jurisdictions where they conduct business. As a result, it is important for offshore companies in Jersey to understand and comply with the tax laws of all relevant jurisdictions.
 

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