Is there a Companies House for the Isle of Man?
Is there a Companies House for the Isle of Man?
Companies Registry maintains the register and records of all companies and other business types incorporated in the Isle of Man, and provides a facility for the public to view documents which have been filed.
Why do companies register in Isle of Man?
Isle of Man company registration is an appealing way for international business people to legitimately minimise their international tax liabilities. The Isle of Man is a secure and stable offshore jurisdiction, with strong confidentiality laws and an attractive tax regime.
How do I register a company in Isle of Man?
Prepare financial statements – you will need a firm of Isle of Man Accountants such as Katz Accounts to assist you with this. Prepare and submit a tax return. Prepare and file annual corporate return and nominated officers declaration at the Isle of Man Companies Registry. Renew the data protection registration.
How much does it cost to start a company in Isle of Man?
Isle of Man company incorporation costs in Year 1 amount to £4,540 and annual company costs in Year 2 and thereafter amount to £2,200. The average total fees per Isle of Man engagement amounts to £11,970, including company incorporation, company secretary, corporate bank account, and legal registered office.
What companies are based on the Isle of Man?
Notable firms
| Name | Industry | Headquarters |
|---|---|---|
| Excalibur Almaz | Industrials | Douglas |
| Isle of Man Air Services | Consumer services | Ronaldsway |
| Isle of Man Bank | Financials | Douglas |
| Isle of Man Post | Industrials | Douglas |
Is the Isle of Man in the UK?
The Isle of Man is not, and never has been, part of the United Kingdom, nor is it part of the European Union. It is not represented at Westminster or in Brussels. The Island is a self-governing British Crown Dependency – as are Jersey and Guernsey in the Channel Islands – with its own parliament, government and laws.
Can I go and live in the Isle of Man?
The Isle of Man benefits from having the oldest continuous parliament in existence in the world today – Tynwald – and its stable political infrastructure makes it an excellent place to live and work. The Island offers residents an excellent quality of life.
Does the Isle of Man pay VAT?
The UK and Isle of Man are considered the same jurisdiction for VAT and Customs purposes and, as a result, the Isle of Man has been a member of the EU VAT and Customs area while not being part of the EU for other purposes.
Is Isle of Man part of UK?
What are the tax rates in the Isle of Man?
Income Tax Rates and Allowances
| 15/16 | 18/19 | |
|---|---|---|
| Standard rate | 10% | 10% |
| Single person standard rate band | 10500 | 6500 |
| Jointly Assessed couple standard rate band | 21000 | 13000 |
| Higher rate | 20% | 20% |
How many businesses are on the Isle of Man?
Statistics
| Date | Total 1931 Act Companies * | Total 2006 Act Companies * |
|---|---|---|
| 30/09/2018 | 16,538 | 9,576 |
| 30/06/2018 | 16,622 | 9,587 |
| 31/03/2018 | 16,964 | 9,589 |
| 31/12/2017 | 17,090 | 9,570 |
What is main business of Isle of Man?
The largest sectors by employment are “medical and health”, “financial and business services”, construction, retail and public administration. Manufacturing, focused on aerospace and the food and drink industry, employs almost 2000 workers and contributes about 5% of GDP.
