Isle of Man: Offshore Trusts Guide
Legal Framework and Formation Rules and Fees
Until 2004, trustees were not licensed or supervised by the Financial Supervision Commission, unless the fiduciary carried on business in investment, banking or insurance, in which case licences are required under those headings. However, this changed with the introduction of new Fiduciary Services legislation. For more information on this, see below.
Although trusts do not need to be registered unless they are public (charitable) trusts or involve real estate on the Isle of Man, Unit Trusts (Collective Investment Schemes) are subject to various special requirements under the Collective Investment Schemes Act, 2008.