Eternity Law International News Company registration in Sark

Company registration in Sark

Published:
December 14, 2020

Sark – one of the Channel Islands – is located in the English Channel and belongs to Guernsey. All the land that lies within this island is owned by one person who leases out the plots. Since Sark is a rather small state, until 2008 only about forty companies were opened there.

Sark is under British jurisdiction. This is a customs area for the EU. Traveling around the island with a car is prohibited. The exception is granted only to people with physical disabilities.

Sark is an offshore zone, therefore, it is a jurisdiction that attracts entrepreneurs. However, there are no ready-made companies on Sark that could be re-registered with a new owner. There is also no legislation governing the corporate sphere. This is where the greatest difficulty lies.

Taxation and company documents

Of all the Channel Islands, Sark is the quietest and most inconspicuous. Some even consider it part of another island called Guernsey. Sark does not require the payment of income tax. The only tax levied on this island is the wealth tax. However, the amount of this tax cannot exceed 3.5 thousand pounds.

  • Requirements for a local office: none.
  • Mandatory presence of a local registered agent: no.
  • Minimum capital requirements: none.
  • Issue of shares: not permitted.
  • One director is required as a minimum.
  • Complete absence of residency requirements.
  • No reporting or auditing required.

In general, the conditions for doing business on Sark Island are quite favorable. After the company goes through the registration procedure, the following documents will be provided to its owner:

  • certificate, which is the actual confirmation of registration;
  • constituent agreement;
  • Enterprise status;
  • list of persons on the board of directors;
  • list of shareholders;
  • company stamp.

If you need to register a company in Sark, our specialists will help you register a company quickly and efficiently. Also, you can buy a ready-made company in Sark. Write to us in the CRM form and we will help you register a company.

Eternity Law International specialists will provide you with qualified advice on the acquisition of an offshore company, opening a bank account in any jurisdiction, as well as further support of your company’s activities at any stage.

We offer ready-made European and offshore companies. It takes 2 days to reissue documents for new owners.

If you have any questions or need advice on registering or buying a company, call us at the phone numbers listed on the website, or write to us in the CRM form located at the bottom of the page. Our specialists will answer you online.

You could be interested

Company registration in the Isle of Man

The Isle of Man is located in the Irish Sea. This jurisdiction is controlled by Britain. International investors see Fr. Maine ss an attractive area because it offers a fairly favorable basis for the registration of airlines, yachts and other shipping vehicles, aircraft and others. Organizational options for companies Lіmіted Partnershіp There are no requirements...

Legal consultation

Legal consultation helps to find the best way to solve legal issues. This extremely useful service eliminates irreparable mistakes made out because of ignorance of the laws. The lawyer assists in legal matters in family, criminal, housing, labor, financial, tax, inheritance law, as well as in real estate transactions. The consultation is primary and detailed....

BlockchainUA 2019 in Kiev

The blocjchain 2019 in Kiyv The BlockchainUA team is proud to announce the sixth annual international conference, which will be held in Kiev, March 22, 2019 and will bring together the strongest blockchain community in Ukraine and Europe! The main mission of BlockchainUA is to increase awareness of blockchain and decentralized technologies, support the blockchain...

Forex Brokers Activities Regulation in USA

As known, Forex brokers activities regulation in USA are classified as one of the most stringent, but at the same time the most reliable in the world. Its mechanism is built on the principle of maximum protection of customers from fraudulent activities, although some features of the regulation are still a topic for active discussion....

Company registration in Slovakia

Slovakia is not a standard offshore zone. However, this does not make this jurisdiction less interesting for foreign investors. The legislative base of Slovakia provides for the creation of organizations such as JSC. For such companies, the authorized capital is set at 25,000 euros. Also, you can register an LLC – the minimum charter capital...

PI license in UK

To offer services in organization and implementation of money-transfers, payment-processing, attracting merchants or account-opening-services in a jurisdiction, it is necessary to obtain a permit such as a PI license in UK. First stage of company-licensing is submission of an appropriate application – for this you need to contact FCA, which controls circulation and use of...
Fill the blank:

Zurich

Dreikonigstrasse, 31A, Stockerhof

Kyiv

Baseina street, 7

London

Grosvenor Gardens, 52

New York

1178 Broadway, 3rd Floor #3353 New York, NY 10001

Vilnius

Gediminas Avenue, 44A

Tallinn

Kesklinna linnaosa, Tuukri 19

Edinburgh

Lochrin Square, 1

Nicosia

Jacovides Tower, 5 floor

Riga

Esplanade, 7 floor

Hong Kong

18 Harbour Road, 35/F, Central Plaza, Wanchai

Singapore

Level 42, Suntec Tower Three, 8 Temasek Boulevard

Sydney

20 Martin Place

Porto

2609 Avenida da Boavista

Tbilisi

Revaz Tabukashvili Str., N 45, area N 7