The Isle of Man has a long history of maritime structuring, and
Superyacht planning in particular. In recent times, there has been
a growing trend in the use of Isle of Man Corporate vehicles for
the ownership of Non-EU clients' Superyachts.
In this short article we will take a flying look at why the Isle
of Man has become a first-choice jurisdiction for Non-EU Superyacht
Owners. Although there are specific planning opportunities
depending on the owner's jurisdiction of Tax Residency, we will
take a focus on the more general advantage that Temporary Admission
offers.
1. About The Isle of Man
The Isle of Man is a self-governing Crown Dependency, possessing
its own Government which sets the island's laws and tax regime.
The Isle of Man offers a tax-friendly environment for corporate
entities, making it a prime location for establishing Special
Purpose Vehicles (SPVs) for luxury asset holding and more. Notably,
the island features zero rates for Corporate Tax and
