Isle Of Man Amends Foreign Companies Act
by Jason Gorringe, Lowtax.net, London
04 August, 2014
Changes to the Isle of Man's Foreign Companies Act came into effect on August 1, 2014, amending the regime for the registration of such companies and the filing of annual returns.
All companies incorporated outside the Isle of Man that operate in the Isle of Man are required to be registered on the so-called F-registry. To cut red tape, the information required for registration has been streamlined. The Government said, going forward, the F-Register will act as a portal to the home jurisdiction, where the full details of the company will be available.
Another change requires that every foreign company must make an annual return to the Companies Registry within one month of the anniversary of the date of incorporation of the company in its home jurisdiction.
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