Company Formation in Isle of Man
0% tax
2-5 working days
from 5.000 €
Top 5 Advantages of company registration in Isle of Man
- 0% corporate income and dividends tax rates
- Possibility to have a nominee director
- Set-up in less than a week
- Not a blacklisted offshore financial center
- A reputable jurisdiction for the online gambling industry
Packages to choose from
Services
SmallMediumLarge
We do the whole registration process, including the preparation of all needed documents, communication with state authorities and notaries
Incorporation
We provide a local contact person who speaks the language and communicates with authorities
Company contact person
You receive from us a legal address for your company, thus, no need to rent/buy a physical office
Legal address for 1 year
You do not need to visit this jurisdiction personally to incorporate - this will save time and money
Remote incorporation
We accompany you during the whole legal process for a successful incorporation
Notary services
We provide a local contact person who speaks the language and communicates with authorities
Company secretary
We will be able to identify nominee shareholders for you, in case you want to become completely anonymous
Nominee shareholder
If you want to be an unknown UBO, a nominee director service is useful. This director will only have limited access and powers, so the UBO will have full control on all levels.
Nominee director
We provide you with the complete accounting needed for this jurisdiction, including monthly and yearly statements
Accounting for 1 year
You grant us a power of attorney to carry out activities for you in the jurisdiction with different powers and terms of validity
Long-term POA
Authenticates the seals and signatures of your official company documents stating the rights and obligations of the entity's members or stakeholders of the company of any form of ownership in accordance with the laws of the jurisdiction
Apostille of documents
A specific amount of hours of legal support by local legal professionals you may use on demand
Additional legal support
We help you to open a corporate account that suits your business model
Corporate account
SHELF COMPANIES
Request
How to start
Choose a jurisdiction1.
Pick a bank2.
Pay for the service using a suitable method3.
Receive credentials of your new legal entity4.
Get credentials of your opened bank account5.
Receive a package with documents delivered to you6.
Roadmap
How long does it take to register a Company in Isle of Man?
- 2-5 working days
- Can be done remotely in 1 week
What are the steps to register a company in Isle of Man?
The registration process of a company in Company Formation in Isle of Man is very simple. The experts of LegalBison will assist you throughout every step of it:
- Initial consultation and agreement
- Payment of the full invoice
- [IF REMOTELY]: Notarization of POA by client
- Preparation of registration documents
- Document signed at the notary
- Official register validity: immediately
Taxes
How high are the corporate income tax in Isle of Man?
The corporate income tax rate is 0% for both resident and non-resident companies.
- A rate of 10% applies to banking and local retail companies. A rate of 20% applies to real estate income from the Isle of Man
What Double-tax treaties has Isle of Man?
Many countries have bilateral conventions to avoid double taxation and prevent fiscal evasion
Australia, Bahrain, Belgium, Denmark, Estonia, Faroe Islands, Finland, Greenland, Guernsey, Iceland, Ireland, Jersey, Luxembourg, Malta, New Zealand, Norway, Poland, Qatar, Seychelles, Singapore, Slovenia, Sweden, United Kingdom
Status : end of 2020
Decide first
- Do you want to buy a ready-made company or start a new one?
- Do you want your name to be hidden in the registry?
- Does the Isle of Man tax treaties include countries you are doing business with?
Documents to provide for company registration in Isle of Man
- Passport copies (a scan) of all individuals above, also beneficiary owner if applicable
- A Power of Attorney (in case of a remote company registration)
- Certified company documents (in case at least one of the shareholders is going to be a foreign company)
Information needed to get company registration in Isle of Man
- 3 options of your desired name for the company and a company contact email address
- Names, addresses and emails of all shareholders and board members
- Short description of your companies’ activity
Remote incorporation
- The whole incorporation process can be conducted remotely. No travel necessary. Notarization of documents is necessary
- A Power of Attorney (POA) from (all) partners is needed
- The POA is sent to you by us based on the services you want
- You have to certify the POA by a notary and in some cases legalize it by apostille (some countries need full legalization)
- Once you have the POA on your hands, we double-check, and you send us the original form (physical document!) via courier to our address
- The Isle of Man being a territory under Great Britain sovereignty, it is therefore part of the Hague Convention of the Apostille
Accounting and auditing
- Companies registered in Isle of Man are liable to produce an annual return
- Every registered companies has 1 month after the conclusion of their accounting period to file their return to the Isle of Man Companies Registry
- Failure to do so may result in penalties up to the striking off of the company
Residential requirements
What are the residential requirements in Isle of Man?
- An Isle of Man company must have a registered office on the Isle of Man and anyone providing a registered office by way of business should be regulated by the Financial Services Authority ('FSA')
- There are no residency obligation for company directors. Nominee directors are allowed and available in the Isle of Man
LegalBison offers help with all of the above requirements. We assist and are local on ground. Speak now for free with one of our consultants to get your business started.
FAQs about company registration in Isle of Man
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