Why the Isle of Man
The Isle of Man has a highly favourable regime of corporate taxation, offering many benefits to clients who wish to deploy well-structured tax planning vehicles, including Manx companies.
Some of the Island's unique benefits include:
- Licensing and regulation of Corporate Service Providers by the Isle of Man Financial Supervision Commission.
- Nominee Shareholders - Isle of Man legislation permits the use of Nominee Shareholders and does not require the beneficial ownership details to be registered with the authorities, giving a degree of confidentiality.
- Beneficial Taxation Arrangements - Isle of Man companies with non-Isle of Man beneficial ownership and whose activities take place outside the Isle of Man are subject to income tax at zero%.
Legal framework - The Isle of Man is a ‘Common Law ’jurisdiction. With a few exceptions, notably in Land law and Constitutional law, the Isle of Man closely follows English legal precedents and legislation.
Professional services - As a mature financial centre the Island has a well established professional services industry, with representation from leading international firms in the fields of Law, Accountancy Banking and Insurance.
See also: Types of Company - Other jurisdictions - Company services
