Isle of Man

Country: Isle of Man
Region: Europe
Currency: Pound Sterling (GBP) (£)
Languages: English
Time Zone: UTC 0
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: |
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
Information Links:
- Isle of Man Lowtax Service Providers Directory
- Isle of Man Tax-News
- Isle of Man Treaty Updates
- Isle of Man Lowtax Knowledgebase
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