Why Choose the Isle of Man?
Key advantages of the Isle of Man
The success of the financial services industry on the Isle of Man can be attributed to a combination of the following factors:
Welcoming and supportive government
The Isle of Man Government has created a fiscal environment and a legislative framework to positively encourage the development of the Island's financial services sector.
Politically and economically stable environment
The Isle of Man has its own Parliament, Tynwald, which makes its own laws and oversees all internal administration, fiscal and social policies. For more information on the Constitution, Parliament and Government click here.The Island's diversified economy continues to go from strength to strength and the Isle of Man has an S&P "AAA" Country Risk Rating. For facts and figures about the Island's economy click here.
Space for growth and development
Whilst many other offshore centres have become overcrowded and expensive the Isle of Man retains the capacity for sustained growth. There are no restrictions on new residents, and the Island has an open property market with no restrictions or qualifications limiting property acquisition.
High regulatory standards
The Island has earned a reputation for world class regulatory standards within a regulatory framework that offers a flexible and non bureaucratic approach.
Attractive tax environment
The Isle of Man government operates a policy of low taxation both for individuals and companies. The Government's radical tax strategy includes a number of notable measures, the most significant being a move to a standard zero rate of corporate tax combined with a higher rate of 10% applied to certain defined regulated businesses.
Established Infrastructure
The Isle of Man is a mature financial centre offering a wide variety of professional services.
Low establishment and operating costs
The Isle of Man benefits from a competitive, low cost base.
Modern communications fully embracing E-Commerce needs
The Isle of Man boasts state of the art digital telecommunications systems and is home to a number of internet technology businesses. For further information visit the Isle of Man Government e-commerce website.
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