Offshore Company in The Isle of Man - Incorporate in The Isle of Man

Please see below questions that we are often asked regarding Isle of Man Companies.

How long will it take to incorporate my IOM company or partnership?
Normally 1-5 days

What is the applicable corporation tax rate for company or partnership profits?
0%; however, banking and insurance outfits are taxed at 10%

Do AGMs/formal meetings have to be held on the island?
No, they can be convened anywhere worldwide

What formal records must be lodged with the island’s authorities?
An annual return – detailing directors, shareholders, registered office; the lodging of annual accounts is optional

What are the benefits of using an IOM vehicle for UK property investments?
Several; the holding company’s shares are held in trust for the owner by local representatives. As the vehicle is thus managed and controlled offshore, zero capital gains or corporation taxes are applicable to any profit arising on sale.
The property may also be rented on application to the local revenue office for non-resident landlord status, and any income tax chargeable against rental income can be used to offset mortgage interest - of great use to non-UK citizens seeking tax-advantageous methods of entering the lucrative UK property market

What guarantees are available as to the IOM’s worldwide financial status and standing?
Both Moodys and S&P have accredited the island’s government with AAA creditworthyness status

Can you arrange contact with IOM accountants, tax advisers, lawyers etc for more detailed information?
Yes, we have excellent contacts on the island itself with several long-standing reputable local professional concerns

Can you organize VAT registration, payroll, management accounts, annual accounts etc i.e. financially administer the company for me?
Yes, we are able to provide all internal and statutory accounting requirements for you, leaving you free to get on with the business of running your organization for its intended purpose

 If you do find the answer to your question or would like further information please contact us

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See Also:

Isle of Man - Frequently asked Questions
Isle of Man - Prices and Fees
Bank Account for Isle of Man Companies

For more information about the Isle of Man and our services please click here.

If you would like further information or want to discuss any aspect of incorporating offshore please contact us