The Isle of Man and Belize are both included in offshore locations lists and they do offer a number of attractive advantages for foreign entrepreneurs. When choosing where to base a company, investors will need to pay attention to a number of factors so where should you open an offshore company: Isle of Man or Belize?
Our team of Isle of Man company registration agents answers some of the most common questions about how these two jurisdictions compare.
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Isle of Man vs Belize for offshore company formation
The table below is a summary of the main points of interest for investors who are looking for an offshore jurisdiction:
| Characteristic | Isle of Man | Belize |
| Location | The Isle of Man is located close to the UK and the rest of EU, making it a suitable location for investors interested in offshore company formation in this region. | Belize is located in Central America, making it more accessible to investors from the United States. |
| Tax | Some types of companies in the Isle of Man have a 0% corporate income tax rate. | No corporate tax in Belize. |
| Directors | In the Isle of Man, there is no need for local directors. | In Belize, the company is incorporated with one director, no nationality requirements. |
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Reporting | No requirements to file accounts, but they do need to be available in case of inspections. | No requirements to file annual accounts. |
Reasons why Isle of Man company formation is a good choice for investors
The main reasons why investors choose the Isle of Man to base the company are the following:
The Isle of Man company registration process is a quick one, performed with the Companies Registry.
No capital gains tax, stamp duty, wealth tax or inheritance tax.
Double taxation relief on foreign tax payments.
0% corporate tax for offshore companies in the Isle of Man.
Setting up a company in the Isle of Man can be a good business choice for all investors looking for a low-tax jurisdiction to base their offshore operations.
Working with our partner accountants in Isle of Man is available to all investors who choose to set up a company here. While the tax neutrality is one of the main advantages in this jurisdiction, companies are asked to keep accurate records that reflect their true financial status. A local CPA can help offshore company owners with the minimum compliance requirements.
Contact our company registration agents for complete assistance during the setup process or if you have more questions about offshore businesses in the Isle.