Zero/Ten - Start Date for New Companies

All companies incorporated in Jersey on or after 3 June, 2008 and all foreign companies that first become resident in Jersey by virtue of their management and control moving to the Island on or after the same date will be subject to the new zero/ten provisions.

These companies will not therefore be able to claim exempt company status nor will they be able to claim exemption within the provisions of printed Concession 60.

Companies that were incorporated in Jersey prior to the above date or resident as a consequence of their management and control in the Island before that date will not be subject to the zero/ten provisions until 1 January, 2009.

NB Financial Services companies that incorporate (or are first managed and controlled in Jersey) on or after the above date will only be subject to the 10% rate if they have a permanent establishment in Jersey.