The 2006 Act Company As An SPV

A company incorporated in the Isle of Man under the Companies Act 2006 ("2006 Act Company") is well-suited for use as a special purpose vehicle.

The 2006 Act Company

The 2006 Act Company is easy to administer and is subject to reduced regulatory requirements:

• an incorporation fee of £195 and thereafter an annual fee of £360;
• simple and quick incorporation process;
• corporate director and single director (of any nationality) permissible;
• single member (of any nationality) permissible;
• confidentiality of the register of directors, shareholders and charges;
• no applicable fees payable to register a security;
• less prescriptive accounting requirements;
• no annual general meeting obligation;