Isle of Man Company Formation
Introduction to Registering a Company in the Isle of Man
The Isle of Man is located in the Irish Sea, between Ireland and Great Britain. It is a self-governing kingdom and a British Crown dependency, which does not belong to either the UK or the EU. The Isle of Man is widely recognized as one of the most stable and secure offshore jurisdictions in the world, making it an attractive location for company formation.
Enjoy 0% Corporation Tax with our Isle of Man Company Formation Package.
Why Choose the Isle of Man?
The Isle of Man benefits from a strong banking and financial services sector, manufacturing, and tourism, all of which contribute to its GDP. Its favorable tax regime is a significant draw for foreign investors:
No capital gains taxes
No turnover tax or capital transfer tax
No stamp duties
- Low income tax rates
Though not a full EU member, the Isle of Man enjoys associate status with the EU, allowing free trade with EU countries without the obligation to contribute financially or receive EU grants. This makes it a favorable base for companies needing a genuine EU VAT number along with full corporate tax exemption.
Advantages of Isle of Man Company Registration
0% Corporate Tax (exceptions apply to property companies and large retailers earning over £500,000 in the Isle of Man, which are taxed at 10%)
0% Tax on Dividends to Non-Residents
No Capital Gains Tax on the sale of assets
No Inheritance Tax – highly tax-efficient for property ownership
No Withholding Tax on dividends
Double Tax Relief available for foreign tax paid
Political and Economic Stability
Long-Established Legal System
Types of Companies in the Isle of Man
The Isle of Man offers two main types of company structures:
1931 Act Companies
Traditional corporate entities with comprehensive operational and filing requirements.
2006 Act Companies
Modern, flexible entities offering simplified operations while maintaining regulatory safeguards.
Under both Acts, you can choose from various company types:
Company Limited by Shares – The most common type, with shareholder liability limited to unpaid share capital.
Company Limited by Guarantee – No fixed capital or shares; members’ liability is limited to a pre-agreed amount.
Unlimited Company – Similar to a civil law partnership, used where corporate personality is required; no limit on member liability.
Interested in Setting Up a Company in the Isle of Man?
We offer comprehensive support services including:
Company Registration
Bank Account Setup
VAT Registration
Management Services
Accountancy Services
Our setup fees are competitive. For more details or personalized guidance, feel free to contact us.
Visit: www.theibhub.com