The Isle of Man
Overview
The Isle of Man is a UK Crown Dependency located in the heart of the British Isles. The Island has a rich history dating back to before 6500 BC and has its own democratically elected parliament called Tynwald, which dated back more than 1,000 years to be the world's oldest continuous parliament.
In addition, the Isle of Man has a stable and diverse economy with healthy economic growth and 50 years of a national budget surplus.
The Isle of Man has a clear and simple tax regime with no Capital Gains Tax, Withholding Taxes or Wealth Taxes.
The Isle of Man is a leading international business centre renowned for its innovation, professionalism and long-standing policy of positive engagement with international initiatives and standards.
The Island's recognition has also been enhanced by positive reports on its tax and regulatory practices by bodies such as the Financial Action Task Force (FATF), The Financial Stability Forum (an IMF body) and the Organisation for Economic Cooperation and Development (OECD), which included the Island on its 2009 'White List' of cooperative jurisdictions.
Moody's currently rates the Isle of Man as AA2 Stable.
Why the Isle of Man?
The Isle of Man offers the following advantages that together make up a unique package:
- Political and financial stability - the Isle of Man has a long history of a political stability and is an OECD 'white-listed' jurisdiction
- Modern and flexible companies legislation
- User friendly companies registry
- Clear and simple tax regime
- International standards of regulation
- Cost competitive services and operating environment
- Diversified international finance industry supported by legal and accounting expertise
- UK time zone (UT)
