Fees with effect from 1 January 2020.
|Incorporation of a standard Jersey Company||£2,000|
|Transfer in of an existing Company||£1,000|
|Provision of Registered Office and Company Secretary||£3,000|
|Provision of Registered Office and Company Secretary and Corporate Director||£3,500|
|Annual Compliance Monitoring Fee||£500|
|Dissolution of 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).
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 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.
Time is chargeable in units of 6 minutes at the following standard hourly rates:
|Director / Associate Director||£300|
|Senior client manager / Senior Accountant||£275|
|Client manager / Accountant||£250|
|Senior Trust Officer||£225|
|Trust Officer / Senior Administrator||£200|
Time charges are generally levied either quarterly or monthly in arrears. Rates are the usual charge out rates for that grade of staff but should be considered indicative only as not all job titles or staff grades are shown, and in certain cases charge out rates may be uplifted, or reduced, depending on the specialist nature or risk of the work undertaken (eg work in relation to ligitation claims is charged out by directors at £400/hr).
The following items are chargeable on a Fixed Fee basis depending on activity:
|Preparation of annual accounts||£1,000|
|FATCA / CRS reporting per person||£250|
|FATCA / CRS classification / verification per entity||£250|
|Responsible officer for a financial institution||£500|
Fees exclude GST if applicable.
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