:
registration of legal entity

Стоимость регистрации Стоимость со второго года Количество директоров Налог на прибыль Оплаченный УК Бухгалтерская отчетность
2325.00 USD 1875.00 USD 1 0.00% 1.00 Да

Company registration on the Isle of Man

ostrov_men_0.jpgThe Isle of Man is a jurisdiction located in the Irish Sea and controlled by the United Kingdom. The legislative system of the Isle of Man is attractive for international investors according to such criteria:

  • there is no corporate sanctions and penalties;
  • there are no specific requirements for residency;
  • favourable environment for the registration of aircraft, airlines, ships/vessels and yachts.

Corporate law regulates offshore structures with the following enacted bills:

  • The Limited Partnership (Legal Personality) 2011;
  • The Companies 2006;
  • The Partnership 1909;
  • The Limited Liability Companies 1996;
  • The Companies Acts 1931 to 2004.

Since July 1, 2017, the Central Register of Beneficial owners is effectively operating in the jurisdiction, thus, information about the founders of companies is generally available.

Types of ownership available for incorporation

 

Limited Partnership:

  • there are no requirements to the authorized capital;
  • partners can be legal and natural persons in the number from 1 to 20;
  • there is no taxation for organizations that do not have resident partners and do not operate within the island;
  • there is no need for periodic submission of reporting, but there is necessity for its conducting. Reporting data should be in the office and presented at the request of the relevant authorities;
  • the name must end with the phrase Limited Partn. (LP).

Resident LLC:

  • Initial capital is not regulated;
  • minimum 2 participants and 1 manager are required;
  • nominee participation is approved;
  • taxation principles duplicate those of LP;
  • the end of the name is Limited Liability Company (LP).

LLC:

  • recommended (not required) authorized capital is 2000 pounds;
  • 1 shareholder, 2 directors (nominee participation is possible), 1 secretary;
  • tax is levied in the amount of 10% of net income from offshore territory.

New Manx Vehicle (NMV):

  • it is incorporated in 1 of 4 forms of limitation of liability - shares, guarantees, guarantees and shares, unlimited;
  • recommended (not required) statutory capital is 2000 pounds;
  • 1 director (nominee one is allowed);
  • profits are taxed at 10%;
  • The name ends with - Limited. Corporation, Incorporated, Public Limited Company.

Hybrid Company:

  • 2 directors are required (nominee ones are allowed), 1 secretary;
  • profits earned as a result of operation in the territory of the Isle of Man are taxed at the rate of 10%.

 

In case of recorded discrepancies in the data of the Central Register of Beneficial owners and Bank Accounts, the latter may be blocked. To avoid the foregoing, it is recommended to practice trust institutions - trusts and foundations. There is a chance to achieve anonymity in relation to the founders of such structures(special status of "No persons with significant control").

In the context of worldwide implementation of the policy of transparent business relations, economic security and anonymity can be preservedusing deep knowledge in the legislative field.

A comprehensive analysis of the company and its spheres of influence will allow to reveal the most beneficial conditions for its registration. Proper application of legal instruments will save your money and create a reliable foundation for further development on the international market.

If you care about stability and legitimacy of your business both nowadays and with the future perspective, it is recommended to apply for legal advice and assistance to professionals.

 

Contact the lawyers of Law&Trust International for more detailed information and assistance in registering a business on the Isle of Man.

Set of documents
   
  • Check with managers
Nominee director and shareholder
 

Price: +775 USD

 
  • Check with managers

General information
Square572.00
Population85 421.00
CapitalDouglas
Unemployment7.20
State polityParliamentary democracy
Telephone code441 624
locationWestern Europe, island in the Irish Sea, between Great Britain and Ireland
ClimateTemperate; cool summers and mild winters; overcast about a third of the time; avg. maximum temperature (August) +22°; avg. minimum temperature (February) +5°
Ethnic groupsManx (Norse-Celtic descent), Britons
National currencyIsle of Man pound
USD exchange rate0.63
GDP per capita36
Official languageEnglish, Manx Gaelic
Credit ratingAAA
The judiciaryThe highest court of the island - two higher judge (deemster)
Executive authorityHead of government: Chief Minister. Government: The Council of Ministers
Legislative authoritiesbicameral parliament - Tynwald: Legislative Council (11 seats), the House of Keys (24 seats)
Corporate information
Opportunity to purchase ready-made companiesNo
Legal systemCommon Law
The use of the Cyrillic alphabet in the nameNo
Local registered officeYes
Organizational and Legal FormsPRIVATE COMPANY LIMITED BY SHARES COMPANY LIMITED BY GUARANTEE EXEMPT PRIVATE COMPANY (не регистрируются с 2006) PUBLIC COMPANY LIMITED BY SHARES LIMITED LIABILITY COMPANY INTERNATIONAL COMPANY(не регистрируются с 2006) Branch NON RESIDENT COMPANY (не регистрируются с 2006) GENERAL PARTNERSHIP LIMITED PARTNERSHIP INTERNATIONAL LIMITED PARTNERSHIP Sole Proprietorship TRUSTS
Indication of BPA in the nameLimited or Ltd
Local registered agentYes
Shares and share capital
Standard currencyIsle of Man pound
The minimum amount of paid-in capital, nat. currency1
The minimum amount of the issued capital1
Bearer sharesNo
The usual size of the authorized capital2,000
Possibility to issue shares without par valueNo
Taxation
VATNo
Basic corporate tax rate0.00%
Capital gains taxNo
Currency controlNo
Corporate tax rates detailsStandard income tax rate for companies is 0%. Income received by licensed banks from deposit-taking business and Isle of Man retail profits when annual taxable profit exceeds GBP 500,000 taxed at 10% rate. Profits from Isle of Man land and property taxed at 20% rate.
Stamp dutyNo
Director and Secretary
Minimum number of directors1
The requirement for residency directorsNo
Director of legal entities are allowedYes
The data reveals to the local agentNo
Data field to the public registryNo
The requirement for the presence of the SecretaryNo
Requirement to the residense of the SecretaryNo
Requirements to qualification of the SecretaryNo
Legal entity as the SecretaryNo
Shareholder and beneficiary
Minimum number of shareholders1
Data is entered in the public registerYes
Shareholders residency requirementNo
Information about the beneficiary is disclosedNo
Information may be disclosed to the local agentNo
Shareholders-legal entities are acceptableYes
Reporting
The requirement for filing reportsNo
Open access to reportsNo
Statutory auditNo
The requirement for filing Annual ReturnNo
Open access to the Annual ReturnNo
The requirement for reportsNo
Treaty on avoidance of double taxation (States which signed)12
Membership in the OECDNo
Is it offshore according to Russian legislationYes
Trademark Registration
By using information from this page please read the Disclaimer
uptocall_male.jpg