whitmill
Trustworthy

Fees

Our aim is to be as adaptable as possible to the wishes and requirements of our clients. We therefore do not publish a fixed schedule of fees except for the minimum levels for the creation and administration of companies and trusts.

Minimum formation fees

The minimum formation fee for a Jersey or British Virgin Island company is GBP950.00, and generally represents the total fee if the documentation required is of a standard nature. Formations in certain other jurisdictions such as the Cayman Islands often involve higher local costs and will therefore be quoted on a case by case basis.

The minimum formation fee for standard trust instruments is GBP1250.00. Only where the client requires substantial changes to the standard form is the cost likely to be higher.

Minimum annual administration charges (in GBP)

Companies  1500.00 plus actual time spent
Includes full administrative services such as Registered or Administrative Office address, Directors, Secretary, Nominee shareholders, the holding of Directors or Shareholders meetings, Filing of annual returns etc. Total yearly management fees are decided upon after discussion with the client, so that each individual's requirements may be taken into account.
   
Trusts  1500.00 plus actual time spent
Where the only assets of a trust are the shares in a company managed by this firm the trust annual fee is reduced to £800.00.

Production of accounts

In accordance with the Companies (Jersey) Law 1991, financial accounts must be prepared annually. A nominal charge of GBP 450.00 is made for the production of accounts, except where the volume of transactions or work dictates that we charge for the production of accounts on a time spent basis.

Third party expenses and disbursements

All fees shown are exclusive of third party expenses and disbursements, such as (for example) the Filing Fee of GBP 150.00 paid annually to the States of Jersey in order to re-register and maintain the Company in good standing, and the GBP 600.00 Exempt Company Status Fee if applicable.

Contact us

If you would like to discuss your requirements or our fees in more detail please contact us.