Isle of Man Offshore Company Formation

Price: £1,760

Country: Isle of Man

Language: English

Population: 80,000

Location: In the Irish Sea off north west coast of England

Constitution:

By virtue of its constitution the Isle of Man has never been part of the UK although it does have close ties. Not a member of the EU and its parliament named Tynwald is autonomous and mirrors the structure of the United Kingdom parliament.

Details of Limited Company (Resident or Tax Exempt):

• Minimum of two Directors and a Company Secretary.
• Director must be a local resident and can not be a corporate entity.
• A local registered office is required.
• Meetings of directors or shareholders need not be held in the Isle of Man.
• Minimum of one shareholder.
• Annual flat rate tax - £475 (Exempt Companies) - 20% of profits (Resident Companies).
• Requirement to produce accounts - no requirement to file.
• Requirement to file annual return.

Banks:

All major banking organisations including private and investment banks.

Minimum balance to open an account in the Isle of Man is £2000. VISA debit cards with Isle of Man accounts or VISA/MasterCard secured credit cards available - requires minimum £750 deposit offering 66% of the deposited amount as a credit limit.

Costs

Incorporation	£385 one off (essential)
Corporate Structuring	£200 one off
Government Filing Fee & Tax	£475 + £70 annual
Corporate Domicile	£600 annual
Director & Nominee Service	from £600 annual (optional)
Total Cost	£1,760

All prices quoted are exclusive of VAT.

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Order an Isle of Man Offshore Company.