Corporate residence in the Isle of Man offers the protection of a safe and reputable jurisdiction coupled with the benefits of a low tax regime
Print |
Company Tax
Zero rate of income tax for all companies
A standard 0% rate of corporate income tax has been introduced for all companies except for banks and companies deriving their income from Isle of Man land & property, which will be taxed at 10%.
The 0% rate applies to both trading and non-trading income and applies with effect from 6 April 2006. There is no requirement to have Isle of Man resident directors and no withholding tax on dividends to non-residents.
The standard 0% rate replaces the following 'special regimes' previously available, such as:
- The exempt company regime
- The International regime
- The non-resident company regime
Companies registered in one of the special regimes before 6 April 2006 have been given the option to continue in those regimes until 6 April 2007, whereupon they will revert to the standard 0%/10% regime.
No new applications for exempt, International or non-resident company status are being accepted.
Tax
|
Ernst & Young refers to one or more of the member firms of Ernst & Young Global Limited (EYG), a UK private company limited by guarantee. EYG is the principal governance entity of the global Ernst & Young organization and does not provide any service to clients. Services are provided by EYG member firms. Each of EYG and its member firms is a separate legal entity and has no liability for another such entity's acts or omissions. Certain content on this site may have been prepared by one or more EYG member firms.