The Isle of Man operates two distinct streams of corporate entity, usually referred to as 1931 Act and 2006 Act companies.

The 1931 Act company is a traditional corporate entity and is subject to many operational and filing requirements which can prove onerous.

The 2006 Act company is a more up to date entity specifically designed to allow more flexibility in its operation while still retaining appropriate safeguards.

Under both the 1931 and 2006 Companies Acts there are a variety of forms of company available: