Isle of Man Finance

The comprehensive reform of the Island's fiscal, regulatory and legislative structures and the introduction of several innovative Government incentives (such as the inward investment grant aid programme designed to encourage continued growth of high quality finance entities wishing to migrate to the Island or establish a new presence here) have helped to increase the Island's funds under administration base to just over US $34.1 Billion (December 2009) from US $9.8 Billion in 2003. Our reputation for quality makes for a compelling business case to operate from here. The Isle of Man has a Triple 'A' sovereign rating from Standard & Poor and Moody's and has recently been affirmed by the I.M.F as an offshore Finance Centre of excellence.

The Isle of Man has developed a simple tax regime which means that for Fund Managers and Administrators that set up on the Island there are:

1. Simple tax regime which means zero tax on the corporate profits of all managers and administrators
2. No VAT charges on management or administration services for most categories of fund
3. No dual regulation on overseas funds
4. Low operating costs
5. Fast set up time for new funds

The Isle of Man is an investment grade viable alternative to the traditional administration centres of the Caribbean and Western Europe. We look forward to another year of dynamic growth in the Isle of Man – and welcome you to come and share in our success where you will find 'freedom to flourish'. Please contact me if you require any further information.

Brian Donegan,

• Mind and Management Proposition (100 kb)

  Format:Acrobat PDF File

  An article based upon the Island's Mind and Management Proposition