Company Migration To And From Jersey

KEY TAKEAWAYS

• The application process and evidence required by the JFSC for a migration

• Consideration of a migration application by the JFSC

• Effects of granting a certificate of continuance and a migration overseas

The object of this guide is to provide clients of Walkers with information on the process involving the migration of companies to and from Jersey.

Migration to Jersey

The Companies (Jersey) Law 1991 (as amended) (the "1991 Law") provides that a body that is incorporated outside Jersey (being a "Body Corporate") may apply to the Jersey Financial Services Commission (the "JFSC") for a certificate of continuance in Jersey, such that the Body Corporate will become a company incorporated under the 1991 Law (being a "Jersey Company"). This is on the proviso that it is authorised to make such an application by the laws of the jurisdiction under which the Body Corporate is incorporated. However, an application cannot be made in respect