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Jersey Industry Insight

E-Commerce, Opportunities in the Island of Jersey
by Grant Twine, Managing Director, Basel E-Business Limited


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Offshore solutions for your online business

The Basel Group is an independently owned provider of trust and company formation, legal and accountancy services with a presence in several international finance centres. Our eBusiness division is a leading authority in offshore legal, corporate framework and management, and the control functions necessary for online businesses to fulfil to the UK and mainland Europe.

This means we are perfectly positioned to help your business:

  • Identify the tax efficiencies that can be achieved by migrating your operations offshore
  • Implement the corporate framework required to migrate your operations
  • Benefit from a worldclass infrastructure of eCommerce and fulfilment service providers

The tax efficiencies to an online business can often be two-fold:

  • The Channel Islands are outside the European Union and can thus take advantage of the ’Low Value Consignment Relief’ (LVCR). This means that products can be physically shipped VAT free from the Channel Islands to mainland UK if under £18 and to Europe if under €22. As a result, high volume, low value products can be shipped to the UK and to Europe, while increasing your profit margin substantially (standard European Union rates vary between 15% and 25%).
  • By re-structuring your business in a manner that moves the ’tax footprint’ of the organisation to a more benign tax environment, your overall direct tax liability can also be reduced - in some cases by as much as 25%.

By helping you establish relationships with, or taking on the management of your key third party service providers, we can provide a more centralised function, creating further operational efficiencies to your online business.

We have access to a worldclass infrastructure of eBusiness service providers. Your online business will benefit from:

  • Worldclass fulfilment solution providers
  • Worldclass eCommerce infrastructure, datacentres and connectivity
  • Efficient postal systems providing access to both UK and growth European markets
  • Experienced professional service providers within legal, design, branding, and web development

Contact Us

To talk about how your online business could benefit, call Grant Twine, Managing Director, Basel E-Business on +44 (0)1534 500 900 or visit our website www.baselebusiness.com.

Jersey

Basel Trust Corporation (Channel Islands) Limited
First Floor
International House
41 The Parade
St Helier
Jersey | JE2 3QQ
Telephone: +44 (0)1534 500 900
Facsimilie: +44 (0)1534 500 901

Switzerland

BasTrust Corporation Limited Geneva Branch
24 Route des Acacias | 1227 Les Acacias
Geneva
Switzerland
Telephone: +41 22 318 81 18
Facsimilie: +41 22 318 81 19

 

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