Isle Of Man
Capital: Douglas.
Official languages: English.
Currency: pound sterling.
Company registration provides the following benefits:
- Low taxes - companies on the Isle of Man pay 0% tax on profits.
- Stable and respected jurisdiction.
- Favorable conditions for business.
The Isle of Man is a British dependent territory located in the Irish Sea.
The island is self-governing but is officially a British Crown Dependency. This gives companies some of the stability and security of the British legal system. The main advantage is the complete exemption of offshore companies in Maine from corporate income tax. The only exceptions are banking and mining.
Features of taxation and reporting
Companies are required to file an annual return with the Registrar of Companies within 13 months of the end of the financial year. Accounting audit requirements depend on the size of the company.
- 0% corporate income tax (except for income from banking and mining).
- There is no withholding tax on dividends, interest and royalties.
- VAT is not applicable.
- There are no taxes on property, capital, capital gains.
Company registration
Time frame for company registration: 2-4 weeks.
The most common forms for registering companies in the Isle of Man are the Limited Liability Company and the Unlimited Liability Company.
To register a company remotely, you will need to provide the following information:
- Choosing a company name: three options are required.
- Notarized copies of ID for all participants.
- A document confirming the residence address of all participants (utility bills, bank statements indicating the address) with notarization.
A quick guide to registering a company on the island. Maine:
To quickly register a company, contact IT-OFFSHORE specialists. The cost of our services includes:
- Preparation of documents (collection, filling, notarization, etc.).
- Company registration.
- Payment of all government fees.
- Registration agent services for 1 year with the possibility of extension.
- Translation services.
- Delivery of registration documents to any address.
The bottom line
Registering a company in the Isle of Man has many benefits for entrepreneurs, but proper adherence to procedures and provision of the necessary documents are essential for the successful registration and further legal functioning of the company in this financial center.
We recommend that you seek advice from qualified IT-OFFSHORE consulting specialists who have experience working with this jurisdiction and will be able to register your company in Holland in the shortest possible time.
We offer not only legal support for company registration, but also a wide range of services, which includes accounting services, nominee services, and full support of the company after its registration; Thus, we provide full year-round service to your company.
