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Isle of Man

Isle of Man Flag

Country: Isle of Man
Region: Europe
Currency: Pound Sterling (GBP) (£)
Languages: English
Time Zone: UTC 0

Phone Code: +441624

Communications: Very Good

Formation Cost: 3200 - 4000 USD$
Formation Time: 2 - 4 days
Maintenance cost: 2000 - 2600 USD$

Executive Summary: The Isle of Man forms part of the EU single market and VAT area but is otherwise not part of the EU fiscal area. There is an infrastructure of sophisticated legal and other professional services together with a Financial Supervision Commission that has a great deal of experience in overseeing and regulating sensitive financial areas. Corporate income tax only applies to financial institutions. There is no capital transfer tax, surtax, corporation tax, wealth tax, death duty, capital gains tax or gift tax. VAT is collected at the UK rates. The Isle of Man has strong banking, investment fund and captive insurance sectors, with a well-developed advisory and financial infrastructure. There is an active trusts sector, and online gambling licences are available.

Suitable for: Wealth Management, Banking, Insurance, Fund Management, Shipping, Aviation, Yachting, Trading Financial, Intellectual Property/Licensing, Holding Companies, E-commerce, E-gaming, Property Ownership
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Company Purpose Stats:

Wealth Management:

 

Treasury Management:

 

Banking:

 

Insurance:

 

Fund Management:

 

Shipping:

 

Aviation:

 

Yachting:

 

Trading Companies Goods:

 

Trading Companies Financial:

 

Intellectual Property:

 

Holding Companies:

 

E-Commerce:

 

E-Gaming:

 

Property Ownership:

 
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Vehicle Types: Limited companies, public limited companies, trusts, sole proprietorships, general partnerships and limited partnerships

Capital primary business districts: Douglas

Good Relationships: United Kingdom

Bad Relationships: Burma, Egypt, Iran, Korea (Democratic People's Republic of), Libya, Somalia, Sudan, Syria

Tax Burden - Business: Very Light

Tax Burden - Individual: Light

Headline tax rates: CIT 0% (banks 10%), PIT 20%, VAT 20%

Treaty Jurisdictions: Bahrain, Estonia, Guernsey, Jersey, Malta, Qatar, Seychelles, Singapore, United Kingdom

TIEA Jurisdictions: Argentina, Australia, Botswana, Canada, China, Czech Republic, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, India, Indonesia, Ireland, Italy, Japan, Lesotho, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovenia, Swaziland, Sweden, Switzerland, Turkey, United Kingdom, United States

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