Capital:
DouglasForm of government:
Parliamentary democracyArea:
572 км2Population:
85 thousandCurrency:
Pound Sterling (GBP)Isle Of Man
Advantages
- Inexpensive jurisdiction with the status of a tax-exempt company;
- There are no taxes on profits, dividends or funds received through distribution outside the island;
- There is no requirement to submit an annual financial report;
- There is no requirement to provide annual or other reports from shareholders or directors for public review. So, for example, it is not required to provide information about the change of shareholders or managers of the company;
- Shares may be registered to bearer;
- The directors may be rotating or representatives of the directors may be appointed without notice to the island authorities;
- The company's records and its head office may be located outside the island;
Legislation:
- Companies Act 1931,1993, 2006;
- Law on International Business Activities (1994);
- Law on Companies with Limited Liability (1996).
Annual reporting and audit
Financial and tax reporting is required.
Publicly available information
Information about shareholders and directors is not available.
Corporate law of the Isle of Man
Companies Beneficia Ownership Act 2012
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Foreign Companies Аct 2014
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IncomeTax Amendment Act 2014
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Companies Act 2006
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