The Isle of Man is situated in Western Europe between the UK and Ireland, in the Irish Sea. The area of the isle equals to 572 km2, and the population is approximately 75 thousand people.
Registration of Company on the Isle of Man old style
Isle of Man - old style :
registration of legal entity
Isle of Man - old style
| Cost of registration | The cost of the second year | Number of Directors | Corporate tax rates | Payment of Charter Capital | Financial statements |
|---|---|---|---|---|---|
| 2175.00 USD | 1650.00 USD | 2 | 0.00% | 1.00 | No |
Cost of registration
Потому что...:
Потому что...: 2175.00
The cost of the second year:
1650.00
Company registration on the Isle of Man
Douglas is the capital of the isle. English is the official language. The pound sterling is the monetary unit of the island. According to its state structure, Man is a parliamentary democracy. The basis of the legal system is English common law. In addition, separate laws and legislative acts of the isle of Man also apply. The state is a party to the Hague Convention. The most profitable items of the isle's budget are the following sectors of the economy, namely: banking services, manufacturing industry and tourism. Flexible tax policy allowed the isle of Man to become jurisdiction in which many entrepreneurs seek to register offshore company. Business registration on the Isle of Man: Advantages- simplicity of the procedure of obtaining tax benefits; - confidentiality for business; - there is no currency control; - the status of the exempt company; - income tax, tax on funds obtained outside the jurisdiction, and tax on dividends are not levied; - there is no need in submitting annual report; - it is possible to appoint representatives of directors without filing of notification concerned to the authorities of the isle; - the company's office should not necessarily be located on the island. The legislative framework of the Isle of Man
When is it profitable to register or buy company on the Isle of Man? The procedure makes sense if you intend to be engaged in trade or investment activities within the European Union. Company registration on the Isle of Man: Peculiarities
Bookkeeping on the Isle of ManThe company should not submit tax and financial statements. Taxes on the Isle of ManNon-resident (offshore) companies on the Isle of Man are completely exempt from taxes. This provision applies to all types of income. It is now possible to register company on the Isle of Man quickly. Registration of company or exempt company on the Isle of Man can mark the beginning of your successful business at the international level. Registration of companies, offshore companies in different countries of the world is one of the main directions of our activity. |
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General information
| Square | 572.00 |
| Population | 85 421.00 |
| Capital | Douglas |
| Unemployment | 7.20 |
| State polity | Parliamentary democracy |
| Telephone code | 441 624 |
| location | Western Europe |
| Climate | Temperate; cool summers and mild winters; overcast about a third of the time; avg. maximum temperature (August) +22°; avg. minimum temperature (February) +5° |
| Ethnic groups | Manx (Norse-Celtic descent), Britons |
| National currency | Isle of Man pound |
| USD exchange rate | 0.63 |
| GDP per capita | 36 |
| Official language | English, Manx Gaelic |
| Credit rating | AAA |
| The judiciary | The highest court of the island - two higher judge (deemster) |
| Executive authority | Head of government: Chief Minister. Government: The Council of Ministers |
| Legislative authorities | bicameral parliament - Tynwald: Legislative Council (11 seats), the House of Keys (24 seats) |
| Opportunity to purchase ready-made companies | No |
| Legal system | Common Law |
| The use of the Cyrillic alphabet in the name | No |
| Local registered office | Yes |
| Organizational and Legal Forms | PRIVATE 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 name | Limited or Ltd |
| Local registered agent | Yes |
| Standard currency | Isle of Man pound |
| Information about the beneficiary is disclosed | 2,000 |
| The minimum amount of paid-in capital, nat. currency | 1 |
| The minimum amount of the issued capital | 1 |
| Bearer shares | No |
| The usual size of the authorized capital | 2,000 |
| Possibility to issue shares without par value | No |
| VAT | No |
| Basic corporate tax rate | 0.00% |
| Capital gains tax | No |
| Currency control | No |
| Corporate tax rates details | Standard 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 duty | No |
| Minimum number of directors | 2 |
| The requirement for residency directors | No |
| Director of legal entities are allowed | No |
| The data reveals to the local agent | Yes |
| Data field to the public registry | Yes |
| The requirement for the presence of the Secretary | Yes |
| Requirement to the residense of the Secretary | No |
| Requirements to qualification of the Secretary | No |
| Legal entity as the Secretary | No |
| Minimum number of shareholders | 1 |
| Data is entered in the public register | Yes |
| Shareholders residency requirement | No |
| Information about the beneficiary is disclosed | No |
| Information may be disclosed to the local agent | Yes |
| Shareholders-legal entities are acceptable | Yes |
| The requirement for filing reports | No |
| Open access to reports | No |
| Statutory audit | No |
| The requirement for filing Annual Return | Yes |
| Open access to the Annual Return | No |
| The requirement for reports | No |
| Treaty on avoidance of double taxation (States which signed) | 12 |
| Membership in the OECD | No |
| Is it offshore according to Russian legislation | Yes |
