You can also access support from various business organisations and state agencies such as Enterprise Ireland, your local Enterprise Board, your local Chamber, SFA and ISME etc.Tags: Cheap Case Study Per PageEssay On Nutrition AndUc College EssaysFriedrich Wilhelm Prinz Von Preussen DissertationEssays On Good Health10 Steps In Writing The Research PaperNeed Essay WritersEssay On ChristianityJay Haley Problem Solving TherapyJesus Ceo Essay
What licences do I need to set up as a Sole Trader or Partnership?
If you wish to set up as a Sole Trader (one person) or Partnership (two or more persons), to trade in Jersey, it is a legal requirement to apply for and obtain a New Business Licence which is issued by the Population Office. If you choose to trade under your own name, there is What other licences/registrations might I need to have in place?
Read this guidance on business insurance and speak with your insurance company to discuss your specific requirements and what premium you are likely to pay.
If you are thinking of buying or leasing commercial premises to operate your business from, before making any commitments, please take the time to read through our insightful property tool An Introduction to Jersey Commercial Property for Small Business Put your concept on paper Don’t put off making a start on your business plan, it will be much more helpful than you realise. Here is our Guide to writing a Business Plan and a Business Plan template to get you started. Help with business planning Guide to writing a Business Plan Guide to Preparing Financial Forecasts Business Plan template Setting up a limited company in Jersey Guidance on business insurance An Introduction to Jersey Commercial Property for Small Business New Business Licence Guidance Notes on licence application GST guidance for your business Jersey Office of the Information Commissioner-Your data protection obligations.
Here is a link to our very useful guide – Employing People: The HR Toolkit for Small Businesses which you can download and save for future reference.
How will the Income Tax be assessed for the business?
Depending on the type of business you are setting up, you may need to register and obtain licences from different authorities such as The Environmental Health Department (food and drink), Judicial Greffier(Alcohol licences), Child Care Registration etc. Look on our Industry Pages for info on your specific Sector. For more information on your options for registering for GST go to GST guidance for your business Should I register with the Jersey Office of the Information Commissioner? You should register with the Jersey Office of the Information Commissioner and comply with Data Protection Law if you use anyone’s personal information, such as names, addresses, phone numbers, email addresses, have CCTV or send marketing material to customers. Startup Plan If you’ve recently become self-employed and have set up a business, you can apply for a startup rate of Class 2 contributions.
Registration can be done online, the fee for notifying with the Commissioner is £50 per year. This is designed to help you when you’re starting up a new business and you may not earn as much as you did in your previous position.
For more information read Paying Class 2 contributions if you’re setting up a business (Startup Plan) How do I pay my Income Tax?
You will need to submit profit or loss trading accounts with your income tax return each year.