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A Progressive and Well Regulated Approach to Business
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A Highly Regarded International Fianacial Centre

The Isle of Man is a highly regarded and well regulated international financial centre

Progressive and Well Regulated Approach

The Isle of Man's favourable taxation system, coupled with a progressive and well regulated approach to Island business, has led to the expansion of the Island's economic base. Combined with the quality of life, communications and technological infrastructure, this favourable system makes the Isle of Man an ideal location in which to establish residence. Indeed, establishment of fiscal residence in the Island could be an attractive option for certain "nomadic" individuals.


The Short Term Residential Concession allows residents who spend less than four months in the Island in any two year period to be treated as non-residents for tax purposes. This means that income arising outside the Island would not be taxable on the Island.

From 6 April 2006 a tax cap has been introduced, so that the maximum income tax an individual will pay in the Isle of Man is £100,000 per year.

Some of the reasons why the Island is held in such high regard include:

  • Security Sophisticated investor protection legislation enforced by the Financial Supervision Commission
  • Regulation Corporate Service Providers regulated by the FSC
  • A Double Taxation Agreement with the UK This agreement provides for the granting of relief from double taxation on certain incomes passing between the two countries. For further details on tax exemption visit our section on company tax

A Tax Efficient Location

Personal Tax. The Isle of Man has an attractive tax regime. The standard rate of income tax is 10% with a higher rate of 18%, and an individual's income tax liability has now been capped at £100,000 per year.

Company Tax. Corporate income tax has been reduced to 0% for all companies except for banks and companies deriving profits from Isle of Man land & property.

In the Isle of Man there are:

Tax

The Isle of Man

Find out more about the Isle of Man
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