TRUST FORMATION:
The minimum fee to include all disbursements is currently £1,300.
COMPANY FORMATION:
The minimum fee to include all disbursements is currently £1,100.
TRUSTEE RESPONSIBILITY
FEE:
This is an annual fee payable in advance and is not time-based. Currently the
fee is £1,300.
(These fees are non refundable after the due date of 1st January, each year).
COMPANY DOMICILIARY FEE:
This fee is paid in advance, annually, to cover the following matters as appropriate:-
Provision of Company Secretary
Provision of Registered Office
Storage of Statutory Records
Provision of Nominee Shareholders
Preparation, signature and submission of an Annual Return form
Provision of Directors
Currently this fee is £1,300.
It is a fixed fee. (These fees are non refundable after the due date of 1st January, each year).
Where appropriate, it is the practice of the company to collect foreign agent's fees (circa £500), ISE fee (International service entity)(£100) and the annual filing fee (£150) at the time of collecting this fee.
ADMINISTRATION:
Administration and secretarial services are charged on a time basis. All directors
and staff have an hourly charge-out rate. Time is charged in six-minute units.
The Financial Services (Jersey) Law 1998
regulates Fairway Trust Limited and our clients should budget
for a minimum annual administration charge of £1,000 partly because
of compliance procedures requirements.
Administration fees are billed quarterly for
more active clients. All clients are now billed our minimum administration fee of £1,000 in advance on 1st February.
ACCOUNTANCY SERVICES:
We require all clients to finalise financial statements each year. These services
can be provided by HLB Jackson Fox, a chartered accountancy practice based
in our offices. Accountancy fees should also be budgeted for by our clients.
These services are also provided on a time-cost basis. |
