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ARTICLE · 20 SEPTEMBER 2022

Coming To America: Jersey Introduces On US-style LLCs

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

With a heritage that dates back to 1898, Carey Olsen is one of the most established and...

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As of September 2022, Jersey has enacted the Limited Liability Companies (Jersey) Law 2018 which permits the formation of US-style "limited liability companies" (or "LLCs") in Jersey (the "LLC Law").

JerseyCorporate/Commercial Law
David Patterson
David Patterson
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As of September 2022, Jersey has enacted the Limited Liability Companies (Jersey) Law 2018 which permits the formation of US-style "limited liability companies" (or "LLCs") in Jersey (the "LLC Law").

SUMMARY

Carey Olsen is pleased to have supported government in the development of the LLC Law, which demonstrates Jersey's continuing status as a leading international financial centre, and has been prepared following initial discussions with various stakeholders including Jersey Finance. It also follows the recent introduction of LLCs to both the Cayman Islands and Bermuda. 

WHAT IS AN LLC?

As outlined by the government consultation that led to the introduction of the LLC Law, the LLC is an entity historically based on mainland-European equivalents (GmbH and S.à r.l), and its popularity has meant that LLC formations now account for over two-thirds of all transparent vehicle choices in the US each year.

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