Fiscal Services Limited

Isle of Man

From the 6th April 2007 all Isle of Man Companies are treated as Isle of Man Tax Resident. They will be liable to a profits tax at the rate set in the annual budget, currently a Zero rate. There is also an annual Corporate Charge set at a low fixed level annually.

Special Points

  1. The Isle of Man does have a VAT system. However, in certain cases this may not be applicable. Manx companies may register for VAT and reclaim the tax on its inputs.

  2. Bank Deposit accounts are guaranteed up to a level of three quarters of the sum deposited and subject to a maximum repayment of £15,000.

  3. There is no requirement to declare the name of the beneficial owner of an Isle of Man company.

General Points

  1. 1931 Companies Act Companies must have two directors and a company secretary. 2006 Companies Act Companies must have at least one director and a Registered Agent.

  2. Private company names must end with the word "Limited".

  3. Companies may be incorporated with your own choice of name. Please provide three names listed in order of preference. Alternatively, we can provide a selection of approved names.

  4. Own name company formation takes five working days.

  5. Our fees may be subject to VAT.

Standard Fees

Please contact us for a fees quotation.

Other services available - include registering the company for VAT, establishing trusts, powers of attorney and assistance to open corporate bank accounts.

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Phone: +44 (0)1624 670022 - Fax: +44 (0)1624 672504
e-mail: mail@fiscalservices.co.im
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Licensed by the Isle of Man Financial Supervision Commission as a Corporate Service Provider
Website hosted by - DJN Consultants Limited - Last updated November 2004