ISLE OF MAN
COMPANY
FORMATION

The Isle of Man is a reputable international business and finance centre for offshore companies, offering security, political stability, low taxation and a strongly recognized fiscal and regulatory environment that is independent of the UK.

​

​

ANNUAL REQUIREMENTS

 

An offshore company is required to file an annual return. Offshore company tax return must be prepared and filed at the Isle of Man Treasury. There is no need to prepare offshore company accounts, however accounting records must be maintained at the address of the Isle of Man registered agent. No public filing of accounts is required. An Isle of Man offshore company is not required to file its annual audited accounts each year. However, it has to pay an annual corporate charge of £250.

 

 

TAXATION

 

Isle of Man offers the traditional benefits of a tax haven since they currently have no Income tax or corporation tax; no trading and investment income tax, no withholding tax and no capital gains tax, no inheritance tax, no tax on dividends made to non residents and no stamp duty. There is also double tax relief available for foreign tax paid through its double taxation agreements or its various tax information exchange agreements.

​

To find out more about how setting up a Isle of Man company can benefit your business, contact us today