A Unique Location for Companies
The Isle of Man has a highly favourable regime of corporate taxation, offering many benefits to clients who wish to deploy well-structured tax planning vehicles, including Manx companies.
Some of the Island's unique benefits include:
- Licensing and regulation of corporate service providers by the Isle of Man Financial Supervision Commission.
Corporate service provision on the Isle of Man is regulated by the Financial Services Act 2008, which makes it an offence to provide corporate services without a licence.
This ground breaking legislation aims to protect anyone engaging the services of a corporate services provider based on the Island by imposing standards of "fitness and properness" and by requiring all corporate service providers to conduct their business to the highest standards. Equiom was one of the first companies to secure a Corporate Service Providers licence.
- Nominee Shareholders - Isle of Man legislation permits the use of Nominee Shareholders and does not require the beneficial ownership details to be registered with the authorities, giving a degree of confidentiality.
- Beneficial Taxation Arrangements - Isle of Man companies with non-Isle of Man beneficial ownership and whose activities take place outside the Isle of Man are subject to income tax at zero%.
