• [En]

  (+44)203-287 0408

  office(at)bridgewest.eu

(+44)203-287 0408
office(at)bridgewest.eu
Company Formation Isle of Man

CHECK COMPANY
NAME AVAILABILITY (Step 1)



Articles

Open an Offshore Company in Isle of Man vs BVI

Updated on Monday 29th October 2018

Rate this article
5 5 1
based on 2 reviews


Open-an-Offshore-Company-in-Isle-of-Man-vs-BVI.jpgThe Isle of Man and the British Virgin Islands are well-known low tax jurisdictions that can be used by investors who wish to incorporate an offshore company.
 
When deciding to open an offshore company in the Isle of Man of BVI, investors can keep the following issues in mind:
  • - actual location: the Isle of Man is closely located to Europe while BVI is in the Caribbean, meaning that it is close to US investors.
  • - tax: both locations have a corporate income tax of 0%, an important advantage.
  • - local agent: investors will need to appoint a local agent both in the BVI and in the Isle of Man.
  • - corporate management: like in the BVI, the Isle of Man company formation principles require one director for an offshore company and there is no need for having local shareholders.
 

The Isle of Man company formation process

 
Offshore company formation in the Isle of Man is a simple process, subject to a few steps. Standard incorporation lasts 48 hours and investors also have access to two fast-track incorporation options: the 2-hour incorporation and the almost instant incorporation, while the entrepreneur is waiting at the Companies Registry.
 
Investors interested in setting up a company in the Isle of Man will need to provide a unique name for the company and pay the registration fees, starting at 100 £, according to incorporation type.
 

The Isle of Man as an offshore location

 
The fact that offshore company formation in the Isle of Man is a process that can be accomplished in a few hours is one of the main reasons why the location has become increasingly popular with investors who wish to set up an offshore structure close to the United Kingdom or other EU countries. The Isle offers a stable business environment, and although it is not part of the EU, there is a customs and excise agreement with the UK.
 
The Isle of Man taxation rules are another reason why this location is unique in Europe: no capital gains tax, stamp duty, wealth and inheritance tax and no corporate income tax for most of the business activities (banking is subject to taxation, for example).
 
For more information about why the Isle is a suitable offshore location, please contact our agents who specialize in Isle of Man company formation.
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Douglas


Call us now at +44 203 287 0408 to set up an appointment with our business consultants in the Isle of Man. Alternatively you can incorporate your company without traveling to the Isle of Man.

As a BridgeWest client, you will beneficiate from the joint expertize of local lawyers and international consultants. Together we will be able to offer you the specialized help you require for your business start-up in the Isle of Man.

Contact us

Online Incorporation

tax-calculator-isle-of-man

We recommend ClientPedia

This website is marketed by ClientPedia

banner Clientpedia.jpg