Isle of Man  

General Information:
The Isle of Man situated in the centre of the British Isles has an estimated population of 70 000.

The Isle of Man is a self- governing territory with the law based on English Common Law.  All external issues are dealt with by the UK on behalf of the Isle of Man. The UK will not legislate for the Island, unless they have consent from the Islands government.

Currency:
The Manx Pound (on par with the British Pound)

Language:
The official language is English

Characteristics of Isle of Man

Type of Company:
Exempt

Taxation:
Exempt companies are not subject to taxation provided that the business & trading is carried on outside the Isle of Man

Directors:
A minimum of two (2) directors are required who must be natural persons and of which one must be an Isle of Man resident.

Shareholders:
Minimum one (1). 

Registered Agent/Office:
A registered office must be maintained in the Isle of Man.

Annual Reporting:
There is no requirement to file accounts but the company must maintain financial records reflecting their financial position.

An annual return needs to be filed showing the details of the directors and shareholders.

Confidentiality:
The details of the shareholders and directors are kept on public record but anonymity is retained by the use of nominee shareholders and directors.

Double Tax Treaty Network:
The Isle of Man has a limited treaty with the U.K, but this has no impact to offshore business.

Name:
Must end with the word ?Limited? or Ltd.

Disclosure of Beneficial Owner:
No

Tax on Offshore Profits:
No

Bearer shares allowed:
No

Company Secretary Required:
Yes

Standard Authorised Share Capital:
 £ 2 000

Local Registered Agent:
Yes

Local Directors:
Yes

Disclosure of Directors:
Yes

Disclosure of Shareholders:
Yes

Annual Return:
Yes

Submit Accounts:
Yes