ARTICLE · 21 NOVEMBER 2012

Isle Of Man Exempt Schemes

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The Isle of Man has a full suite of fund options, but the exempt scheme is a flexible and low cost vehicle that is wholly outside the scope of fund regulation in the Isle of Man and is suitable for use in relation to start up private funds.

Isle of ManWealth Management

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The Isle of Man has a full suite of fund options, but the exempt scheme is a flexible and low cost vehicle that is wholly outside the scope of fund regulation in the Isle of Man and is suitable for use in relation to start up private funds. This briefing note describes the key features of the exempt scheme.

Flexibility of Legal Form

The Isle of Man offers a full range of vehicles for use as fund structures. Corporate vehicles can be established either as traditional companies or under the Island's new Companies Act 2006, which offers a stand-alone vehicle with minimal administrative requirements, flexible capital structure and limited disclosure requirements.

Both types of company can be established as protected cell companies ("PCC"). PCCs are ideal for use both in multi-class/single manager structures and in multi-manager offerings.

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