Eternity Law International News Company registration in Sark

Company registration in Sark

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.

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