Jersey:
Establishing A Business In Jersey - Controls On Establishment
29 January 1999
KPMG
To print this article, all you need is to be registered or login on Mondaq.com.
The opportunities for establishing a business which employs staff and occupies premises in the Island are controlled by the Regulation of Undertakings and Development (Jersey) Law 1983. Consent is required from the Finance and Economics Committee for the establishment of any new venture or the enlargement of the floor space of any existing undertaking by more than 100 square feet. The criterion used is the anticipated benefit to the community as compared to the social and economic cost. In the past consent was granted only to businesses either offering services not already adequately supplied in Jersey or of a high standing internationally. In 1989 the Law was amended to control the number of staff employed by all Island businesses and all employers were required to make returns of staff numbers to the authorities. This was introduced in order to control the Island's total population and to protect the environment and way of life. However this policy has since been reversed and any bona fide businesses are now actively encouraged to set up in Jersey. Consent is granted by the Chief Adviser's Office. These restrictions do not apply to investment funds which do not have their own premises and staff on the Island.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.
The world is facing a climate emergency – that is an undisputable scientific fact. Climate change is no longer a distant threat, and its impacts are already being felt worldwide.
ESG – Environmental, Social, and Governance – a term well known to most people in the investment arena these days, goes back to the year 2004 when a report entitled "Who Cares Wins" first made reference...
While glitter may be perfect for festive make-up and adds a bit of shine to our lives, these sparkles are extremely harmful to the environment. Regulations governing cosmetics in the European Union...
Les paillettes, idéales pour un make-up festif, voient leur éclat s'obscurcir dans l'Union Européenne. Si les paillettes ajoutent un peu d'éclat à notre vie, ces pépites scintillantes sont extrêmement...