Fees

SETUP & ANNUAL FEES

Fees with effect from 1 January 2020.

Corporate Services

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).

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 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
Administrator £175
Assistant Administrator £150
Client Accounting £125
Support Staff   £75

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).

Accountancy and taxation

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.

Contact us in the strictest confidence to discuss our services & how we can help ensure your affairs are dealt with.