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WYN HUGHES and ANDY MAXFIELD consider the tax advantages of Isle of Man corporations.
THE ISLE OF Man has long been considered an ideal location to site an offshore corporate base. Situated in the Irish Sea, within easy reach of the United Kingdom and Ireland, and using pound sterling as the principal unit of currency, the professional and financial services sector on the island is booming, with many non-Manx residents establishing Manx companies to their advantage.
WYN HUGHES and ANDY MAXFIELD consider the tax advantages of Isle of Man corporations.
THE ISLE OF Man has long been considered an ideal location to site an offshore corporate base. Situated in the Irish Sea within easy reach of the United Kingdom and Ireland and using pound sterling as the principal unit of currency the professional and financial services sector on the island is booming with many non-Manx residents establishing Manx companies to their advantage.
The Isle of Man is a self-governing territory within the Commonwealth but is not a member of the European Union. However it benefits from the free movement of goods in trade between the island and other countries in the EU and its Government has implemented tax incentives such as the absence of tax on capital transfer and inheritance and reduced corporate and personal taxes.
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