ISLE OF MAN Company
The Isle of Man is an island situated just off the coast of Britain and is an independent British crown area. Its political structure is based on English law and in terms of taxation, these two territories fall under one area. It is thus advantageous to register an offshore company in the Isle of Man when trading with Europe. The main advantage of offshore companies on this island is that they pay zero tax on trading and investment income.
The incorporation of an offshore company in the Isle of Man takes up to 5 days to finalise. It may be incorporated by one shareholder who can have only one share with zero par value. This director or shareholder may be a non-resident. The company has to have a unique name with the abbreviation ‘LTD’ at the end, the full details (names, addresses, and necessary valid documents) of all the shareholders and directors, and the Memorandum, Articles of Association as well as the Certificate of Incorporation has to be submitted.
An offshore company Isle of Man is required to file an annual return and all companies are taxed at 0%. Income made from property is taxed at 10%. It is, for this reason, the Isle of Man tax haven status has stood the test of time.
For more information on offshore company formation Isle of Man, contact us today and a friendly agent will be able to assist you. We will also be able to give you more information regarding taxation treaties, nominee services, and the wide range of packages that we provide.