Latest News: Manx Tails February 2012 > Read more > All news

Why relocate or establish a business in the Isle of Man?

The Isle of Man has developed a great reputation for attracting and developing businesses from around the globe, with numerous benefits available to those businesses looking to relocate to the Isle of Man including:

  • 0% corporation tax on trading profits and 10% for defined regulated business
  • Business friendly government and environment
  • The DTI's Financial Assistance Scheme may be able to assist new businesses relocate and to develop on the Island should conditions be met
  • Operation of a VAT system in collaboration with the UK which maintains a special relationship with the EU and which provides access to EU markets for goods
  • Skilled labour force
  • World class telecommunications infrastructure
  • The Isle of Man maintains Standard and Poor's and Moody's sovereign rating of "AAA", the highest rating awarded demonstrating the high quality of the island's political, legal and regulatory environment
  • The Island has been confirmed as not being included in the OECD's 'blacklist of non-cooperative tax havens' and instead making it onto the OECD's 'whitelist'.

How can Corporate Options assist in relocating or establishing a business in the Isle of Man?

Our sister business, Corporate Options, is a licensed Class 4 Corporate Service Provider and can provide the following services:

  • Establishment of Isle of Man companies
  • Provide company secretarial and administration services
  • Act as a central point of contact for the business
  • Liaise with the Financial Supervision Commission in respect of company requirements
  • Liaise with the Department of Trade and Industry in the application of grants for financial assistance if applicable
  • Provide officers to the company
  • Provide a registered office for the business
  • Provide guidance in respect of VAT registration and local tax requirements
  • Apply for work permits where appropriate
  • Provide accounting, bookkeeping and payroll functions if necessary
  • Provide serviced office facilities

For more information please vist the Corporate Options website or contact Lee Murphy on 00 44 (0)1624 612888 or by email lee@corporateoptions.co.im.