Let us handle the paperwork and logistics while you focus on growing your business. From €1,520.00
Our processing times are some of the fastest, allowing you to get your business up and running quickly.
Every customer is assigned a personal business specialist. Feel free to contact him directly.
Register your Company today!
All our Consultancy and Advisory services are completely FREE!
Offshore company in
Isle of Man
option for international trade
Want to know more about setting up your business here and other useful information? Check all procedures and compliance!
Isle of Man company formation key features
- Type of Company – Private Limited
- Type of Law – Common
- Shelf company availability – Yes
- Our time to establish a new company – 1-6 days
- Corporate Taxation – 0% – 10%
- Double Taxation Treaty Access – Only IOM
Share capital or equivalent
- Standard currency – GBP
- Permitted currencies – Any
- Minimum paid up – £1
- Usual authorised – 2,000
- Minimum number – Two
- Local required – No
- Publicly accessible records – Yes
- Location of meetings – Anywhere
- Minimum number – One
- Publicly accessible records – Yes
- Location of meetings – Anywhere
- Required – Yes
- Requirements to prepare – Yes
- Audit requirements – Yes, but with some exceptions
- Requirements to file accounts – Yes
- Publicly accessible accounts – No
- Requirement to file annual return – Yes
- Change in domicile permitted – Yes
Go to Isle of Man company formation features page.
Set up Isle of Man company benefits
IOM Tax Advantages
VAT in the Isle of Man
Isle of Man Holding Companies
With respect to IP holding companies – companies that are exploiting IP rights and:
- have not created such IP.
- have acquired the IP from a company of the same group structure or from a third-party that has conducted research and development out of Isle of Man and licenses the IP to a company(s) of the same group or does not carry out research and development, branding or distribution as part of its Isle of Man core income generating activities – are considered high-risk intellectual property businesses and may be subject to an enhanced substance requirements test.
Economic Substance Requirements
Companies conducting relevant activities such as fund management, banking, insurance, finance and leasing, distribution and service center business, headquarters business, intellectual property business, shipping, and holding company business – are required to meet economic substance requirements:
- conduct its core income-generating activities in Isle of Man (which are defined in the law).
- be directed and managed from within the Isle of Man.
- have an adequate amount of operating expenditures incurred in or from within the Isle of Man.
- have an adequate physical presence (including maintaining a place of business or plant, property, and equipment) in the Islands.
- have an adequate number of full-time employees or other personnel with appropriate qualifications in the Islands.
Isle of Man Company Formation FAQs
How to register an offshore company in the Isle of Man?
Can a foreigner do an Isle of Man company formation?
What types of companies can be set up in the Isle of Man?
The Isle of Man is a stable offshore jurisdiction that offers many benefits for businesses looking to incorporate there. One of the main advantages of incorporating in the Isle of Man is the low tax regime.
Companies that are registered in the Isle of Man can enjoy a 0% rate of corporate tax on profits. The Isle of Man also has a very streamlined process for company formation. It takes as little as 24 hours to set up a company in the Isle of Man, and there are no restrictions on foreign ownership.
As a result, the Isle of Man is an attractive destination for businesses looking to incorporate in an offshore jurisdiction. There are a variety of types of companies that can be set up in the Isle of Man, including limited liability companies, trusts, and foundations.
The type of company that is best suited for your business will depend on your specific needs and objectives. However, all businesses that incorporate in the Isle of Man can benefit from the island’s stable political and economic environment.
Limited Liability Company
The Isle of Man is a popular jurisdiction for the formation of limited liability companies (LLCs). An LLC is a legal entity that offers limited liability protection to its owners. LLCs can be either domestic or foreign companies.
The Companies Registry in the Isle of Man is responsible for the regulation of LLCs. One of the main advantages of forming an LLC in the Isle of Man is that there is no corporate income tax. This makes the Isle of Man an attractive destination for businesses looking to minimize their tax liability.
Another advantage of LLCs is that they offer flexibility in terms of ownership and management. LLCs can be managed by one or more individuals, and ownership can be divided among multiple shareholders. This makes LLCs a versatile business structure that can be tailored to meet the needs of any business.
A limited partnership is a business arrangement in which two or more individuals, known as partners, contribute capital to a partnership. The Isle of Man company formation is simple.
The withholding tax is also low, making it an attractive option for businesses. The minimum paid is also very reasonable, making it a good choice for businesses that are just starting. The main advantages of a limited partnership are that it is relatively simple to set up and manage, and it offers good protection for the partners’ investment.
However, there are some disadvantages to consider as well, such as the fact that each partner is liable for the debts of the partnership and that profits are taxed at the personal rate. Overall, a limited partnership can be a good choice for businesses that are looking for a simple and efficient way to raise capital.
The Isle of Man is a popular destination for foreign companies looking to establish a presence in the UK. The island offers several advantages for businesses, including a favourable tax regime and a well-developed infrastructure.
Foreign companies can also benefit from the Enterprise Development Scheme, which provides financial assistance for businesses that are looking to expand or relocated to the Isle of Man. To register a foreign company in the Isle of Man, the company’s memorandum must be filed with the Registry of Companies.
Once the company is registered, it will be required to comply with all applicable laws and regulations. foreign companies that are looking to do business in the Isle of Man should consult with a professional advisor to ensure that they are complying with all legal requirements.
Foundations companies are trading companies that are used to hold and manage the assets of wealthy individuals and families. Such companies are often established in offshore jurisdictions like the Isle of Man, where they can enjoy favourable tax treatment and confidentiality.
They can be used to hold a wide range of assets, including cash, shares, property, and artworks. They can also be used to manage the income from these assets, ensuring that it is distributed by the wishes of the individuals or families involved.
Foundations companies offer a high degree of flexibility and privacy, making them an attractive option for those wishing to keep their affairs confidential. However, they also come with certain risks, including the risk of becoming embroiled in legal disputes.
Nonetheless, for many wealthy individuals and families, foundation companies offer an ideal way to protect and grow their assets.
The Isle of Man is well known for its trust companies. These firms are responsible for managing the assets of wealthy individuals and families. The role of a trusted company is to protect the interests of the beneficiaries and to ensure that the assets are used to the wishes of the settlor.
The Isle of Man has a long history of trust management, and the island’s trust companies are highly regarded in the industry. In recent years, the Isle of Man has seen an influx of wealthy individuals from around the world, and trust companies have increasingly been sought after to manage their assets. The Isle of Man offers a favourable tax regime for trust companies, and the island’s political stability and lack of corruption make it an attractive destination for wealth preservation.
Trust companies on the Isle of Man are subject to strict regulation, and they must abide by the island’s laws on money laundering and financial crime. As a result, Isle of Man trust companies is among the most reputable in the world.
How does the taxation of offshore companies in the Isle of Man work?
Capital gains taxThe Isle of Man is well-known for its favourable tax regime, and this extends to capital gains tax. There is no such tax on the island, which makes it an attractive destination for investors looking to minimise their tax liabilities. This is one of the reasons why the island is popular for company formation and share capital investment. If you are thinking of setting up a company on the Isle of Man, it is important to seek professional advice to ensure that you comply with all the relevant regulations. However, in general, the process is relatively straightforward, and the island offers several benefits for businesses.
Personal income taxThere is no this kind of tax in the Isle of Man. This is one of the main reasons why the Isle of Man is a popular destination for offshore company formation and registration. The island also has a favourable corporate tax regime, with a low rate of tax on profits and no capital gains tax. Although the Isle of Man is not part of the UK, it is a Crown Dependency and is therefore subject to UK corporation tax. However, the island has its parliament, the Tynwald, which sets its taxation policy. Share capital is also taxed at a lower rate than in the UK.
Zero corporate income taxThe Isle of Man is well known for its favourable tax regime, which includes the absence of corporate income tax. This makes the island a popular destination for businesses looking to reduce their tax liabilities. The Isle of Man is also an attractive jurisdiction for companies due to its low minimum share capital requirements and its efficient company formation and registration process. As a result, the island has attracted several large multinational corporations. However, the absence of corporate income tax is not the only benefit that businesses enjoy in the Isle of Man. The island also offers several other incentives, including exemptions from stamp duty and capital gains tax. Consequently, the Isle of Man is an ideal location for businesses looking to minimize their tax burden.
Inheritance taxIn the Isle of Man, inheritance tax is a tax levied on the estate of a deceased person. The amount of tax payable depends on the value of the estate, as well as the relationship between the deceased and the beneficiary. For example, spouses and registered partners are exempt from inheritance tax, while children and other relatives may be liable for up to 20%. Inheritance tax can be a complex topic, but understanding it is important for those who are planning their estate. With careful planning, it is possible to minimize the amount of inheritance tax payable. In some cases, it may even be possible to avoid it altogether.
What are the steps for the Isle of Man company formation?
What types of businesses are most suited to IOM offshore companies?
Specific uses can be:
- To own assets such property, works of art, ships and others
- To hold investment portfolios
- Inheritance planning
- Tax planning
- To act as an employer for international workers
- Business structuring
- To receive international commissions and royalties
- To raise capital by borrowing
- As a vehicle to convert immovable assets, such as land, into movable assets, such as shares
- To hold intellectual property