Isle of Man Company Formation
An Isle of Man limited company is an ideal vehicle for many types of business, whether a holding company for property or shares/funds or as a trading structure for worldwide business.
The Isle of Man has close ties with the UK but is a self-governing Crown dependent. This allows for a range of competitive advantages that you would expect from a respected and licensed offshore jurisdiction.
The benefits of an Isle of Man Company include:
- 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.
An Isle of Man company must have registered offices within the Isle of Man and must have two directors who must be natural persons.
The identity of the beneficial owner may remain confidential through the use of a corporate shareholder which holds the shares under declaration of Trust for the beneficial owner. There is no withholding tax on payment of dividends to shareholders.
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.
Please contact Adrian or David for advice or information that you may require regarding Gecko and the services we offer.
Contact Gecko:
Tel: 44 (0)1624 817104
Email: sales@gecko.gb.com