The Isle of Man
Situated midway between Great Britain and Ireland, the
Isle of Man is an internally self-governing
dependant territory of the English crown, although it is not part of
the United Kingdom. Renowned for its political stability, the Isle of
Man is home to the worlds oldest continuous Parliament, Tynwald,
which was first established over 1,000 years ago.
Peace of Mind
The Isle of Man is one of the most strictly regulated
jurisdictions in the world. With its combination of effective financial
supervisory laws and government-promoted investor protection schemes,
the Island has become a safe haven for international clientele.
Benefits of using The Isle of Man
Taxation on corporate profits being kept to a minimum.
No capital gains tax, inheritance tax, wealth tax or death
duties.
No public disclosure of beneficial ownership details for
companies or beneficiaries of trusts ensuring a high degree of confidentiality.
A close proximity to Europe and the major financial markets
Dedicated as part of the EU Value
Added Tax zone
Regulation conducted by independent government bodies
Sophisticated modern communication systems.
The Island had long been a low tax area with low corporate
and personal tax and no capital gains, wealth, inheritance taxes or
death duties. Along with careful control by the Isle of Man Government
Financial Supervision Commission combined with tailor-made insurance,
banking and shipping legislation, the Island has, over the past two
decades, established itself as one of the most well-regulated and responsible
offshore jurisdictions, with legislation in place designed to offer
maximum protection for investors and their assets without limiting the
options available.