Century Trustees Ltd undertakes company formation and administration for companies in many jurisdictions. However we favour using Alderney Companies, as the new Companies (Alderney) Law 1994 is specifically designed to simplify both the formation and administration of the company while reducing administrative work. This ultimately results in reduced costs for the client in the day-to-day running of the company.

Company Director Roger Featherstone was actively involved in drafting the new Alderney Companies Law 1994. He is also the Chairman of the Alderney Company Law Advisory Committee

What are the advantages of forming an Alderney Company?

v      Alderney is a well recognised jurisdiction

v      Only one director (person or corporate) is required

v      Nominee shareholding possible

v      Single member possible

v      Unlimited objects

v      Standard Articles available

v      Corporate tax rate of 20%  which will be reduced to 0% tax in 2008

v      No audit required

v      Tax exemption available for companies not locally owned until 2008 (see above)

v      Annual General Meetings may be dispensed with

The new Fiduciary Law, introduced in 2001, ensures that the "Offshore Status" of Alderney companies will be retained and enhanced.

However, before incorporating an Alderney company, the following matters will need to be considered:

v      Choice of Company Name

v      Principal Business (objects of the company)

     v      Share Capital

     v      Trading Company

     v      Exempt Tax Status

     v      Company Secretary & Registered Office

     v      Directors

     v      Directors Responsibility

     v      Principal

     v      Professional Reference

     v      Banking

For more detailed information please read our COMPANY FORMATION FACT SHEET.