Back To Top

Your Lowtax Account


Isle of Man: Types of Company

Limited Liability Company

Limited Liability Companies were introduced by the Limited Liability Companies Act 1996. A Limited Liability Company (LLC) must have at least two members whose liability is limited to the extent of the capital they contribute to the company. Profits are divided among the members and are taxed in their hands, as for a partnership. An LLC does not have directors or a secretary, but it must have a registered agent on the island. The life of an LLC is limited to thirty years. LLCs are governed by articles of organisation and not memorandum and articles of association.

 

 

Back to Isle of Man Index »

Isle Of Man Service Providers

Charterhouse Lombard Limited Isle of Man's logo Expatriate Healthcare's logo Privacy Unlimited FZE's logo Worldwide Incorporation Services Isle of Man's logo Zedra's logo