Isle of Man NMV Company Formation

The Isle of Man New Manx Vehicle (“NMV”) was introduced in 2006 to provide a structure that was similar in many ways to companies being offered in other jurisdictions.

The NMV introduced a simpler and more streamlined company for ease of use with both international business and wealth management. Attractive characteristics of the NMV include:

• Minimum of One Director (and this may be a Corporate Director)
• Simpler filing requirements
• Greater flexibility in name extensions
• Relaxed accounting requirements for the distribution of dividends

This allows the Isle of Man NMV a greater flexibility for International trade and allows for a simple accounting test for the distribution of profits to the owners of the company.

The benefits of an Isle of Man Company

• Zero Corporation Tax – profits on a company are taxed at 0% (banking and insurance business are taxed at 10%)
• Zero Capital Gains Tax – on the sale of the holdings no tax will be paid on the capital gain.
• Zero Inheritance tax – property held within an Isle of Man company will not pay any inheritance tax in the estate of the ultimate owner.
• Zero Stamp duty – in certain cases stamp duties on the transfer of the property/holdings can also be mitigated.
• VAT registration – an Isle of Man company can register for VAT for EU trade and sales.

What's included

• Professional Directors, Company Secretary, Corporate shareholder
• Registered Offices and registered Agent (where applicable)
• Offshore management and administration of your company
• Statutory filing (Annual returns, Income tax) and all
• All company documents (Certificate of Incorporation, Memorandum & Articles of Association, share certificates, etc).

The Isle of Man

The Isle of Man has a first class reputation as a well-regulated international business and finance centre - as reinforced by Moody's and Standard & Poor's "AAA" accreditation - and is easily accessible from London and Dublin.

Contact us for a Free Consultation

We pride ourselves on our client services and customer care - and if you have a question or an interest in an offshore company then we would like to hear from you.