Employee Relocation Incentive

The Employee Relocation Incentive (ERI) provides a 20% grant of up to £10,000 towards the cost of relocating an employee to the Isle of Man.

The Scheme is designed to encourage job growth and the import of skills from outside of the Isle of Man in certain sectors, where businesses have been unable to recruit locally.

Features and Benefits

Provides a 20% grant of up to £10,000 towards the cost of a relocating employee’s first year net salary (minimum salary must be £25,000) paid 1 year in arrears
Can be an existing or a new roles within the organisation
Includes back filled positions
Incentive can be used in a range of ways - some businesses have used it to find suitable candidates, others to engage with recruitment agencies, whilst many use it to support candidates with relocation costs
Helps local employers find additional, skilled workers and ensure they find continued growth and success in the Isle of Man

Eligible Sectors

Financial and Professional Services

Banking
Insurance
Fiduciary
Fund Management
Space
Management of Ships, Yachts and/or Aircrafts
Legal and Accounting
Other Financial Services

Specialist Construction

Quantity Surveyors and Architects only

Manufacturing

Export
Import Substitution

Digital

Information and Communication Technology (ICT)
E-gaming

Tourism and Hospitality

Chefs
Head Housekeepers
Managers

Key Conditions

The business

must have a permanent establishment on the Island;
must be an eligible business under the Enterprise Act 2008 (Eligible Businesses) Regulations 2018*;
be up-to-date in respect of Income Tax, VAT and National Insurance;
must be expanding its workforce on the Island; and
submit their application in advance of appointment.

The job

must offer a minimum starting salary of £25,000;
must constitute permanent, regular employment; and
must not be an excluded employment*.

The employee

must be directly employed by the business;
must work predominantly on the Island;
must become resident on the Island for income tax purposes.

*Further details can be found in the Guidelines attached under downloadable resources. In particular, please refer to Appendix 6.