A major property developer has chosen the Isle of Man to help further business interests in China’s booming economy.
The Isle of Man’s 2006 Companies Act providers for a simplified, user-friendly company formation mechanism – along with the Island’s zero corporate tax regime have played a key role in aiding China Central Properties to float its latest venture on London’s Alternative Investment Market.
After seeking guidance from tax and legal advisers in Hong Kong, Beijing and London, the Chinese operation opted to base its new venture in the Isle of Man. Deutsche Bank AG acted as nominated adviser and broker to CCP.
The incorporation of the Chinese company marks the first floatation of a ‘NMV’ on AIM and is another significant signpost for the Island’s progressive package of financial services. Manx law firm Dickinson Cruikshank provided the specialist legal advice.
