Business in the Island
Why the Isle of Man?
The Isle of Man is a leading international business centre renowned for its innovation, professionalism and long-standing policy of positive engagement with international initiatives and standards:
The Isle of Man has its own democratically elected Parliament and judicial system. In addition, the Island has healthy reserves along with a stable and diverse economy with more than 30 years of economic growth.
The Isle of Man has a clear and simple tax regime with no Capital Gains Tax, withholding taxes or wealth taxes.
The Island recognises that the most effective way to create a successful business environment it to engage with its stakeholders and has formed positive relationships with the private sector. Ministers are accessible, which means ideas are heard and acted upon. This enables us to be agile, responsive and well placed to react to the challenges of the global economy.
The Isle of Man strives to be a model of political stability, transparency and financial supervision. We are at the forefront of best practise in international regulation and have been praised by global bodies including the OECD, G20 and IMF for our commitment to financial and supervisory standards. The Isle of Man has been the pioneer in introducing pragmatic regulation and consumer protection, priding itself in being responsive to international needs.
The Isle of Man have signed a number of international tax agreements, which reflect the Island's commitment to complying with international standards.
The Isle of Man has an excellent telecoms and power infrastructure, which has benefited from hundreds of millions of pounds worth of public and private sector investment in recent years. It is this infrastructure which has helped provide the foundation for the Island's success as a major centre for ebusiness activities. In addition, the Island offers internationally orientated service expertise and global client base.
The Island enjoys excellent transport links to major transport hubs in the UK and Ireland with 30 flights to London and Manchester per week, making the Isle of Man an ideal gateway from which to travel to Europe and the rest of the world.
Excellent Quality of Life
With beautiful countryside, very low crime rates and excellent public services including health care and high educational standards, there is a relaxed and peaceful way of life in the Isle of Man. The Island boasts a fine selection of restaurants, shopping and leisure facilities, yet away from the busy commercial centres, the Island has retained a pace of life which is the envy of most urban dwellers.
If you are relocating your business to the Island or starting a new business, additional support in the form of grants may be available.
For further information about the Isle of Man please click the related link below.