Benefits to Set-up your Business
In the Isle of Man

Advantages of Isle of Man

The Isle of Man is a jurisdiction located geographically in the British Isles but with a separate government and identity. The island has a customs agreement with the UK which facilitates trade but it is legally separate from the UK and from the European Union. This gives some definite advantages to a company formed in the Isle of Man when it comes to trading in other jurisdictions or holding investments.

The Isle of Man is a low tax jurisdiction that has a zero-corporation tax rate except for banks that pay tax at 10% on their profits.

There is no withholding tax on dividends paid to shareholders resident outside the island and no withholding tax is imposed on any other payment to people overseas.

There is no capital gains tax, stamp duty or inheritance tax.

IOM Holding and Investment Company
Commercial and Intellectual Property

A company incorporated in the Isle of Man can be highly advantageous for holding investment portfolios including commercial property. The Island has signed the Paris Convention on Patents and Trademarks and an Isle of Man company is therefore also suitable for holding intellectual property.

Lately and due to the recent legislation, the Isle of Man is an excellent jurisdiction for those wishing to get engaged in Cryptocurrency Business.

The IOM and UK

The Isle of Man includes a well-established legal system, a sophisticated banking system, political stability and an absence of any exchange controls or similar limitations on financial transactions.

The Isle of Man has a customs and excise agreement with the UK under which the two territories are effectively treated as one territory for customs duties, most excise duties and value-added tax.

Advantages Isle of Man – The IOM and EU trade

If a company incorporated in the Isle of Man is to trade with the UK or countries of the European Union it will therefore need to be registered for VAT, subject to reaching the registration threshold.

TBA can also help you set up an Isle of Man Foundation or assist you with the formation and registration of an Isle of Man Trust.

Established in 2009, TBA Associates has a dedicated Business Development Team fully specialised in tailor-made solutions for wealth preservation and enhancement. This expert team provides tax-efficient structures to facilitate cross-border transactions.

The TBA Associates experts will enable you to make the right decisions, while you receive constant guidance as you need it, during the process while helping you understand the advantages of Isle of Man.

The team will assist you in planning and implementing strategies that will enable you to conduct your financial affairs with absolute confidentiality in an environment free from adverse tax laws.