The English Companies Act 2006 (the "English Act") is overhauling English companies legislation and will largely replace the English Companies Act 1985 (as amended).

The Isle of Man is now in its 21st year of unbroken economic growth and has been able to maintain its coveted AAA credit rating from both Standard and Poor’s and Moody’s credit rating agencies since the year 2000 which strengthens the Isle of Man’s reputation as a well regulated jurisdiction for international business.

With the introduction of the Companies Act 2021 (the Act) Isle of Man companies incorporated under the Companies Act 2006 can now re-register as a Companies Act 1931 company.

This Article briefly summarises the potential advantages of an Employee Ownership Trust ("EOT"), and why the use of an Isle of Man Trustee could be beneficial.

A foundation is highly flexible in terms of how long it may last, how the founder may remain involved in the management of its affairs and how much information the beneficiaries are entitled to.

Following on from our recent article on the Companies Act 2011, the Companies Act 2012 further demonstrates the Isle of Man’s commitment to seeking transparency in the ownership of companies.

The final provisions of the Isle of Man Charities Registration and Regulation Act 2019 (2019 Act) came into force 1 April 2020.

Charity is seen in some places as privileged for taxation and therefore strictly to be defined.

Most jurisdictions have by now felt the effects of the credit crunch to a certain degree and are having to make adjustments to protect themselves and their businesses from its effects.

Reforming the UK's Non-Domicile tax regime is an objective contained within the Labour Party's policy platform.

The Trustee Act 2001 (an Act of Tynwald) (the "Act") was enacted in an attempt to satisfy criticism of certain aspects of trust law as it then stood.

For ultra-high-net-worth individuals (UHNWIs) and families, particularly those in the MENA region, when it comes to preserving family wealth, control isn't about micromanagement, it's about confidence.

The Isle of Man Financial Services Commission is responsible for the regulation of the majority of the financial sector, namely: banks, building societies, investment businesses and fiduciary services providers.

Establishing an effective Offshore Trust that is both operationally sound and achieves the Settlor's objectives is of paramount importance, but can be fraught with pitfalls.

The use of trusts in wealth management and estate planning means transferring legal control of trust assets to a third party, namely the trustee of the trust.

In this series we will examine the key elements of Offshore Trusts, taking a particular interest in Isle of Man Trusts. This is the first of three articles, and one that lays the foundation that we will build upon.

It is becoming increasingly common for parties to matrimonial litigation to seek cross border recognition and/or enforcement of financial orders.

This memorandum summarises the duties and responsibilities of the directors of a company incorporated in the Isle of Man.