In the Irish Sea off the northwest coast of England. 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.
Country: Isle of Man
Population: 80,000
Capital: Douglas
Currency: Manx pound, pound sterling
Language: English
Isle of Man Offshore Company Formation £5585.00 + Vat
Services Included | Year 1 | Year 2 onwards |
---|---|---|
Incorporation | N/A | |
Corporate Structuring | N/A | |
Government Filing & Due Diligence Fee | £380 | |
Corporate Domicile | £1380 | |
Accounting Data Address | Optional Extra | |
Director & Nominee Service | Optional Extra (approx £1200) | Optional Extra (approx £1200) |
Estimated renewal costs in year two: from £5,408.00 |
Details of Limited Company (Resident or Tax Exempt):
- The number and residency of officers are subject to the company’s business activities – please enquire for further information.
- A local registered office is required.
- Minimum of one shareholder.
- Requirement to file an annual return.
- Appointment of Local Officers – Isle of Man as an incorporation jurisdiction carries a reliable and trustworthy reputation. This advantage in part comes at the cost of increased due diligence regulations, which may require that Local Board Members be appointed on the Company, for Compliance Monitoring purposes. During the initial formation and Compliance process, a review will be undertaken in this respect. If it is deemed that Local Board Members are required, we can arrange this for you and the additional applicable costs will be made available to you during the process. Once appointed, the on-going work undertaken by the local officers will carry additional time based costs, payable throughout.
Please note that the information given on this page is subject to change at any time without notice as a consequence of changes made in local legislation.
Banks
A member of the banking team will be able to advise on the most suitable offshore bank account.