Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
---|---|---|---|---|---|
2325.00 USD | 1875.00 USD | 1 | 0.00% | 1.00 | Yes |
Company registration on the Isle of ManThe Isle of Man is a jurisdiction located in the Irish Sea and controlled by the United Kingdom. The legislative system of the Isle of Man is attractive for international investors according to such criteria:
Corporate law regulates offshore structures with the following enacted bills:
Since July 1, 2017, the Central Register of Beneficial owners is effectively operating in the jurisdiction, thus, information about the founders of companies is generally available. Types of ownership available for incorporation
Limited Partnership:
Resident LLC:
LLC:
New Manx Vehicle (NMV):
Hybrid Company:
In the context of worldwide implementation of the policy of transparent business relations, economic security and anonymity can be preservedusing deep knowledge in the legislative field. A comprehensive analysis of the company and its spheres of influence will allow to reveal the most beneficial conditions for its registration. Proper application of legal instruments will save your money and create a reliable foundation for further development on the international market. If you care about stability and legitimacy of your business both nowadays and with the future perspective, it is recommended to apply for legal advice and assistance to professionals.
Contact the lawyers of Law&Trust International for more detailed information and assistance in registering a business on the Isle of Man. |
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Nominee director and shareholder | |
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Square | 572.00 |
Population | 85 421.00 |
Capital | Douglas |
Unemployment | 7.20 |
State polity | Parliamentary democracy |
Telephone code | 441 624 |
location | Western Europe, island in the Irish Sea, between Great Britain and Ireland |
Climate | Temperate; cool summers and mild winters; overcast about a third of the time; avg. maximum temperature (August) +22°; avg. minimum temperature (February) +5° |
Ethnic groups | Manx (Norse-Celtic descent), Britons |
National currency | Isle of Man pound |
USD exchange rate | 0.63 |
GDP per capita | 36 |
Official language | English, Manx Gaelic |
Credit rating | AAA |
The judiciary | The highest court of the island - two higher judge (deemster) |
Executive authority | Head of government: Chief Minister. Government: The Council of Ministers |
Legislative authorities | bicameral parliament - Tynwald: Legislative Council (11 seats), the House of Keys (24 seats) |
Opportunity to purchase ready-made companies | No |
Legal system | Common Law |
The use of the Cyrillic alphabet in the name | No |
Local registered office | Yes |
Organizational and Legal Forms | PRIVATE COMPANY LIMITED BY SHARES COMPANY LIMITED BY GUARANTEE EXEMPT PRIVATE COMPANY (не регистрируются с 2006) PUBLIC COMPANY LIMITED BY SHARES LIMITED LIABILITY COMPANY INTERNATIONAL COMPANY(не регистрируются с 2006) Branch NON RESIDENT COMPANY (не регистрируются с 2006) GENERAL PARTNERSHIP LIMITED PARTNERSHIP INTERNATIONAL LIMITED PARTNERSHIP Sole Proprietorship TRUSTS |
Indication of BPA in the name | Limited or Ltd |
Local registered agent | Yes |
Standard currency | Isle of Man pound |
The minimum amount of paid-in capital, nat. currency | 1 |
The minimum amount of the issued capital | 1 |
Bearer shares | No |
The usual size of the authorized capital | 2,000 |
Possibility to issue shares without par value | No |
VAT | No |
Basic corporate tax rate | 0.00% |
Capital gains tax | No |
Currency control | No |
Corporate tax rates details | Standard income tax rate for companies is 0%. Income received by licensed banks from deposit-taking business and Isle of Man retail profits when annual taxable profit exceeds GBP 500,000 taxed at 10% rate. Profits from Isle of Man land and property taxed at 20% rate. |
Stamp duty | No |
Minimum number of directors | 1 |
The requirement for residency directors | No |
Director of legal entities are allowed | Yes |
The data reveals to the local agent | No |
Data field to the public registry | No |
The requirement for the presence of the Secretary | No |
Requirement to the residense of the Secretary | No |
Requirements to qualification of the Secretary | No |
Legal entity as the Secretary | No |
Minimum number of shareholders | 1 |
Data is entered in the public register | Yes |
Shareholders residency requirement | No |
Information about the beneficiary is disclosed | No |
Information may be disclosed to the local agent | No |
Shareholders-legal entities are acceptable | Yes |
The requirement for filing reports | No |
Open access to reports | No |
Statutory audit | No |
The requirement for filing Annual Return | No |
Open access to the Annual Return | No |
The requirement for reports | No |
Treaty on avoidance of double taxation (States which signed) | 12 |
Membership in the OECD | No |
Is it offshore according to Russian legislation | Yes |