Companies & Bank Accounts
ISLE OF MAN COMPANY FORMATION
An introduction to the Isle of Man Limited Company
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
ISLE of MAN KEY FEATURES & ADVANTAGES
PACKAGES
No public register
of Directors & Shareholders
No tax
No local Directors or Shareholders required
Low Cost
No minimum paid up capital required
No requirement to file public accounts
Standard
£3,750
Isle of Man Company Registration
+
1 Year Registered Office Address
+
1 Year Registered Agent
+
Digital Company documents
Banking
£4,200
Everything in Standard Package
+
Applications for
up to 5 bank accounts
+
Remote bank account opening
+
Consultation on preparation of
required documents
DOCUMENTS INCLUDED IN OUR STANDARD PACKAGE
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Certificate of Incorporation
-
Memorandum & Articles of Association
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Appointment of First Directors
-
Consent Actions of the Board of Directors
-
Share Certificates
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Register of Directors and Members
ISLE OF MAN COMPANY
YEARLY RENEWAL £2,630
The following is included:
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Registered Agent
-
Registered Office
-
Government fees
OPEN A BANK ACCOUNT FOR ISLE OF MAN COMPANY £450
Reliable and confidential banking with all standard banking facilities
We offer a great choice of jurisdictions and tailor made solutions to suit all your banking requirements
Fee payable after account opening
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Multi currency
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E-Banking
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Credit/debit cards
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Pre-paid cards
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Payment systems
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Crypto accounts
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Remote account opening