Isle of Man
The Isle of Man is floating in the waters of the northern Irish Sea, between Ireland and Great Britain. The Island gives off a mysterious vibe due to its unique charm, created by all the folklore stories and legends including tales of giants, fairies and brownies – which are integrated into its long history. The small Island is full of contrast and character. The official languages are English and Manx. The Island is a self-governing British Crown Dependency, with Queen Elizabeth II as the Lord of Mann. She is represented by a Lieutenant Governor. The Island of Mann has low taxes with zero capital gain tax, wealth tax, stamp duty, or inheritance tax. This makes the island a popular destination for offshore banking.
Key Corporate Features |
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|---|---|
General |
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| Basis of Legal System | Common |
| Type of Company | Ltd |
| Tax on Offshore Profits | 0% |
| Redomiciliation Permitted | Yes |
| Time to Form | 3 Days |
Corporate Requirements |
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| Minimum Shareholders | 1 |
| Minimum Directors | 1 |
| Corporate Administration | |
| Corporate Directors Permitted | Yes |
Local Requirements |
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| Registered Office/Agent | Yes |
| Company Secretary | No |
| Director | No |
| Meetings | No |
Public Filings |
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| Directors | No |
| Shareholders | No |
| Beneficial Owners | No |
| Annual Filing Requirements | |
| Annual Return | Yes |
| Audited Accounts | No |