Taxation & Company Formation
The development of the shipping register has encouraged the establishment of several Isle of Man based international ship management and ship owning companies. As a result the Island now has a dynamic and effective shipping industry. Ship management activity is supported by numerous shipping related service providers, including marine lawyers, accountants, banks and P& I clubs offering comprehensive services to the owners and operators of ships worldwide.
An Ideal Location for Ship Management
The Isle of Man provides a convenient base for ship management operations, which take advantage of the low costs involved in operations from the Island, and from the beneficial tax regime which exists. The Isle of Man is in the same time zone as the UK and never more than one hour different from Europe with easy transport links by both sea and air. Companies based in the Island can enjoy the quality of life associated with a relaxed island location while making use of exceptional telecommunications links to the rest of the world and the facility to conduct business in the other shipping centres of Europe with ease.
The Isle of Man is a unique European centre for international shipping business, and in addition, as an international financial centre, can also offer those highly specialised services that are associated with a reputable and dynamic offshore jurisdiction.
Ship Owners, Isle of Man Representative Persons and Charterers may take advantage of the favourable Isle of Man taxation regime designed to encourage and support shipping business.
The Island's tax strategy currently provides for a zero rate of corporation tax applicable to shipping related earnings as well as a number of other benefits making the Isle of Man a cost effective centre in which to undertake shipping business.
For a full review of the Isle of Man tax regime visit the website
Isle of Man Companies
The Isle of Man Companies Registry has been in existence since 1865. Originally confined to the regulation of Manx companies we are now, as an integral part of the Financial Supervision Commission, also responsible for the administration of legislation relating to foreign companies, limited liability companies, business names, limited partnerships and societies incorporated under the Industrial and Building Societies Acts.
Please also visit the Company registries section for further information company registries
The Isle of Man - An Established Finance Centre Providing Quality Personal and Corporate Financial Services
The Isle of Man is established as a leading international offshore finance centre, providing a wide variety of quality financial and corporate services. For further information relating to finances please visit the Isle of Man Government's Finance Website.
Complementing its financial services the Island’s further diversification and strength have been aided by growth in its international maritime services and shipping register.
Isle of Man Finance has produced a publication the 'Premier Finance Centre' this is a really comprehensive guide as to the benefits of finance and business sectors within the Isle of Man. To view this new booklet please click The Isle of Man Finance home page http://www.isleofmanfinance.gov.im/ or Isle of Man - Premier Finance Centre