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ARTICLE · 07 JANUARY 2021

Administrative Changes For Local Jersey Entities

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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All Jersey companies have new reporting obligations from 6 January 2021.

JerseyCorporate/Commercial Law
James Willmott
James Willmott
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All Jersey companies have new reporting obligations from 6 January 20211. Here's what local businesses need to know:

Key changes

The key changes are as follows2:

  • There will be a new register of beneficial owners and "significant persons" operated by the JFSC
  • Filings will be made via the new digital Companies Registry
  • Entities will need to appoint a "nominated person" to act as the liaison with the registry no later than 6 April 2021
  • Annual returns are being replaced with "annual confirmation statements":
    • Annual confirmation statements contain similar information to annual returns, plus information on beneficial owners and "significant persons"
    • The first annual confirmation statement and associated information must be filed no later than 30 April 2021, containing information as at 1 January 2021

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