Fees

SETUP & ANNUAL FEES

Fees with effect from 1 January 2020.

Corporate Services

  • Incorporation of a standard Jersey Company £2,000 
  • Transfer in of existing Company £1,000 
  • Provision of Registered Office £1,500 
  • Provision of Company Secretary £1,500
  • Provision of Director from £1,500 
  • Annual Compliance Monitoring Fee £500 
  • Dissolution or transfer out £1,500

The above fees are indicative only and are generally minimum fee levels.  Fees shown do not include the annual return or incorporation fee payable to the Jersey Financial Services Commission (from £150-£550 on incorporation and £235 for each year subsequently).

Trust fees

Fees for arranging the preparation and engrossment of the Trust instrument, including the establishment of the principal records of the Trust and to assist with a Letter of Wishes.  This cost excludes any legal fees incurred.  From £3,000.

Annual responsibility fees

Annual responsibility fee are charged for the first 12 months on incorporation or take-on.  In the January of the following year, a further fee is levied to bring the annual fees into alignment with the calendar year.  In the last quarter of a calendar year fees will be levied on take-on to the end of the following year on a prorated basis. 

OTHER FEES

Time charges

Time is chargeable in units of 6 minutes at the following hourly rates:

  • Director £300
  • Senior client manager £275
  • Client manager £250
  • Senior trust officer £225
  • Trust officer £200
  • Administrator £150
  • Assistant administrator £125
  • Client accounting £100
  • Support staff £75 

Time charges are generally levied quarterly in arrears. 

Accountancy and taxation

The following items are chargeable on a Fixed Fee basis depending on activity:

  • Preparation of annual accounts from £1,000
  • FATCA / CRS reporting per person £250
  • FATCA / CRS classification / verification per entity £250
  • Responsible officer for a financial institution £500 per year

Fees exclude GST if applicable.

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