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A body corporate incorporated, registered or formed outside the Isle of Man can apply to the Isle of Man Registrar of Companies for consent to be continued in the Isle of Man as a company incorporated under the Isle of Man Companies Act 2006.

A body corporate incorporated, registered or formed outside the Isle of Man can apply to the Isle of Man Registrar of Companies for consent to be continued in the Isle of Man as a company incorporated under the Isle of Man Companies Act 2006.

The HMRC Open Consultation on the Taxation of Employee Ownership Trusts and Employee Benefit Trusts has just closed as at 25 September 2023...

The status of the Isle of Man as a cooperative, transparent and internationally responsible jurisdiction has been recognised by the Organisation for Economic Co-operation and Development (“OECD”).

The New Manx Vehicle or NMV is due to be introduced into Isle of Man law later this year. The new corporate vehicle will be created and governed by the Isle of Man Companies Act 2006 which is currently in bill form.

The Isle of Man’s low tax status, political and economic stability and proximity to the key markets of Europe make it a compelling and cost-effective alternative for the domicile of investment funds.

Directors of Isle of Man companies (whether incorporated under the Isle of Man Companies Acts 1931-2004 or the Isle of Man Companies Act 2006) are subject to a number of duties.

The English Companies Act 1929 was the foundation for the Isle of Man Companies Acts 1931-2004.

The following table is intended to provide a quick high level comparison of the different company law requirements applicable to the incorporation and operation of companies in a number of offshore jurisdictions.