We are specialists in company incorporation, but more than this we have over 30 years’ experience in all elements of offshore businesses.
From£2,300.00
View Packages£2,300.00
The Isle of Man has strong banking, investment fund and captive insurance sectors, with a well-developed advisory and financial infrastructure and good transport links. Foreign Investors are attracted by the taxation structure; there are no capital gains taxes, turnover tax or capital transfer tax, no stamp duties and low rates of income tax.
More Information on JurisdictionOffshore Formations 247 specialize in Isle of Man company formations ranging from simple company registrations to complex structures including offshore Trusts and in providing a very comprehensive assortment of administrative services to Isle of Man companies, including the provision of Nominee Director, Nominee Shareholder, Mail Forwarding and Bank Account services. We are also able to offer a 'transfer in' service whereby we can take over the management of your existing Isle of Man Offshore Company, often for no cost at all.
Our specialist Isle of Man company formation and company registration team:
Call our specialist Isle of Man company formation team FREE on 0808 168 3676. If you are calling from outside the UK, please call us on 0044 (0) 208 492 6388
An NMV can be incorporate, registered or continued under the Act as:
Submission of Memorandum and Articles of Association and advice of the situation of the Registered Office and Licensed Registered Agent.
NMV Companies must maintain a registered office and agent in the Isle of Man.
One to five days, subject to name approval.
The Act provides that shares in Companies may (without limitation):
In additional, subject to any contrary provisions in a company’s memorandum or articles of association, a NMV is able to:
As with 1931 Act Companies, bearer shares are not permitted.
With effect from 6th April, 2006 Private Limited Companies normally pay income tax at 0% and there is no withholding tax on payments of dividends to shareholders.
Companies that are in the business of banking, insurance or are connected with the business of Isle of man property pay corporation tax at a rate of 10% and a withholding tax at the same rate is imposed if the dividend is paid to a non resident individual or corporate body. NMV Companies pay an annual charge of £360.
NMV Companies may be registered for VAT purposes and the VAT prefix will be "GB", which is recognised in Europe.
The minimum number of directors is one, they may be of any nationality or residence. Bodies corporate may be eligible to act as a director if it, or another body corporation of which it is a subsidiary, is the holder of an appropriate licence issued by the Isle of Man Financial Supervision Commission under the Isle of Man Fiduciary Services Acts 2000 or permitted to act as a corporate director by regulations made pursuant to the Act.
The minimum number of shareholders is one.
Is not required.
Type of entity | Limited |
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Type of law | Common |
Shelf company availability | Yes |
Our time to establish a new company | 1-5 days |
Minimum government fees | £360 |
Corporate Taxation | 0% - 10% (see notes) |
Double taxation treaty access | Only UK |
Standard currency | Any |
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Permitted currencies | Any |
Company Limited by | Shares |
Company Limited by | Guarantee |
Company Limited by | Shares and Guarantee |
Unlimited company without | Shares |
Unlimited company with | Shares |
Minimum number of Directors | 1 |
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Requirement for local Director | No |
Requirement for Company Secretary | Optional |
Location of meetings | Anywhere |
Minimum number | 1 |
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Publicly accessible records | Optional |
Location of meetings | Anywhere |
Required | Yes |
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Requirement to prepare | Yes |
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Requirement to file accounts | No, save in relation to taxation |
Publicly accessible accounts | No |
Requirement to file annual return | Yes |
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Change in domicile permitted | Yes |
*A company can voluntarily elect to file a copy of its register of directors with the Registrar of Companies. However the Annual Return, once filed, contains director's information and is publicly accessible.
Popular offshore jurisdictions include those listed below. We are, however, equipped to form companies in most jurisdictions throughout the world.
Offshore Formations 247 have close working relationships with a number of international banks across the globe, specialising in the provision of international banking services for offshore companies.
Calling from the UK, dial for FREE on 0800 840 1104 | International Dial: 0044 (0) 208 371 2300
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