Offshore Company Formation – Isle of Man
Economy of Isle of Man
The Economy of Isle of Man is a low tax economy. Isle of Man is one of the crown dependencies. The Isle of Man is also an off shore financial centre.
Isle of Man is located in the Irish Sea. This area is within the British Isles. Isle of Man does not form a part of United Kingdom. It also does not belong to the European Community.
The key factors, those drive the economy of Isle of Man are, Insurance sector, the operators of online gambling, developers, Information and Communication Technology and Offshore banking, in Isle of Man.
As per the assessment made by World Bank in the year 2016, the Gross National Income per capita in Isle of Man is US $ 89.970. The National income report, published by Government of Isle of Man shows, that the largest sectors of the national economy in the area is the Insurance sector, and the sector of e gaming. These two sectors contribute 17% of Gross National Income each.
These two sectors are followed next by sector of Information and Communication Technology, and banking sectors, which contribute 9% of Gross National Income each. The industry of tourism with the tourist accommodation contributes the least, in Gross National Income, which amounts to a measly 0.3%.
The economy of Isle of Man has showed a continuous growth in the National GDP for consecutive 32 years. Currently there is a small drop of 0.9% in the GDP, in the year 2015. This was because of the decline in the revenues of e gaming.
The unemployment rate in Isle of Man is as low as 1%. There is a steady growth in the income of resident tax payers though; there is a decline or no deviation in the prices of property in Isle of Man.
Why form an offshore company in Isle of Man?
Isle of Man located in the Irish Sea and is a British Crown dependency island. It is considered as one of the best places to form a company as there are no taxes on stamp duties, capital gains or turnover tax. They also have one of the lowest rates of income tax.
Basic Incorporation Package
Form your offshore company anywhere in the world within a week. No hidden price, no extra charges
With this package, we will provide you with a compulsory registered office address and dedicated account manager to handle all your queries. Also all the compulsory government fees would be paid up when the incorporation process takes place.
In addition to this, we will provide you with the documents necessary to incorporate a company – certificate of incorporation, appointment of directors, share certificates, company seal memorandum and articles of association.
Advanced Incorporation Package
This package will also include banking solutions and assure full confidentiality of your identity in addition to the full services of our Basic Incorporation Package.
We will provide you with a bank account and also with professional resident director and resident shareholder. This will help you in case you do not want your names to be displayed publicly. The Nominee director will act on your behalf by signing contracts, MoU’s and other documents related to your business.
All these will be provided in addition to company incorporation, registered address and other services included in the Basic Incorporation Package.
Professional Backed Package
This package will take care of the ever changing intergovernmental agreements which are being exercised by most of the countries.
More and more countries are signing up to international trade agreements which means more robust process. The benefit of our package is that it will facilitate your business through the help of qualified accountants, directors, international lawyers, tax advisors and investment advisors. It will ensure that your business runs smoothly and with full privacy and confidentiality.
Customized Package
Customize as per your requirements – whenever and wherever required.
Select what all services you require in what all jurisdiction. You can upgrade the services anytime you want. Choose from a wide range of professional services in addition to the type of company and bank account you want to set up. With the ever changing laws, you can ask our domain experts to guide you through the right direction.
Benefits of Forming an Offshore Company in Isle of Man
- 0% capital gains tax
- Incorporation within 5 days
- Minimum 1 director required
- No requirement of local director
- Minimum government fees required is £360