The Isle of Man is a reputable international business and finance centre for offshore companies, offering security, political stability, low taxation and a strongly recognized fiscal and regulatory environment that is independent of the UK.
Incorporation takes only 3-5 days. Initially a name search will be conducted before the registration is submitted. We will let you know if your preferred name is not available and may offer some alternatives.
The usual authorised share capital is GBP 2000. The minimum issued capital is one share of par value. Shares are permitted with or without par value, registered shares, bearer shares, preference shares, voting or non-voting shares and in any currency. Private companies are not permitted to offer their shares or securities to the general public
A minimum of two Directors and one shareholder is required. At least one director must be a local resident. A corporate body may not be appointed director.
A Company Secretary is a requirement of an offshore company. The secretary can be a natural person or corporate body and a resident of Isle of Man, with a professional qualification.
An Isle of Man licensed agent must be appointed as compliance to local law.
An offshore company is required to file an annual return. Offshore company tax return must be prepared and filed at the Isle of Man Treasury. There is no need to prepare offshore company accounts, however accounting records must be maintained at the address of the Isle of Man registered agent. No public filing of accounts is required
An Isle of Man offshore company is not required to file its annual audited accounts each year. However, it has to pay an annual corporate charge of £250.
Isle of Man offers the traditional benefits of a tax haven since they currently have no Income tax or corporation tax; no trading and investment income tax, no withholding tax and no capital gains tax, no inheritance tax, no tax on dividends made to non residents and no stamp duty. There is also double tax relief available for foreign tax paid through its double taxation agreements or its various tax information exchange agreements.
- Registered Address and Agent
- Government fees
- Certificate of Incorporation
- Memorandum & Articles of Association
- Appointment of First Directors
- Consent Actions of the Board of Directors
- Share Certificates
- Register of Directors and Members
- Services Office
- Nominee Director
- Nominee Shareholder
- Audit Exemption Certificate
- Bank Account opening
- Company Seal*
* Delivery of the physical seal will be extra.