Jersey is ahead of the UK in implementing company law reforms. The island’s reforms are aimed at increasing the variety and flexibility of corporate vehicles and enhancing Jersey’s attractiveness for international finance in the competitive offshore world.
In the autumn of 2002, the Companies (Jersey) Law 1991 had its first major overhaul. The changes included the introduction of nopar value companies (those limited by shares which have no nominal value) and a range of other new corporate vehicles.
