Why choose the Isle of Man?
As an offshore jurisdiction, the Isle of Man has established itself as the ideal destination for wealth structuring.
The financial services market has been thriving on the Island for more than 50 years. This success has established the island’s infrastructure for reliable and mature wealth management services within the finance and fiduciary sectors. This experience has led to a strong regulatory environment that offers clients security and peace of mind.
Critically, the Isle of Man has a favourable tax regime and political stability. The Island does not have any capital gains tax, inheritance tax or wealth tax, making it an attractive option for those looking to protect and grow their assets.
Other benefits include a stable economic environment, efficient governance and a first rate legal system. Financial service businesses are regulated by the Isle of Man Financial Services Authority, ensuring that they operate in compliance with local and international regulations.
The Isle of Man is home to a highly skilled workforce, with specialists in wealth management, tax and fiduciary services offering expertise in structuring and managing assets, trust, and other forms of wealth holding structures.
As a highly respected international finance centre, the Isle of Man is committed to the principles of transparency and co-operation. The Island is on the OECD’s white list which means that it has been recognised as a compliant and co-operative offshore jurisdiction. Furthermore, the Isle of Man is a signatory to the Automatic Exchange of Information (AEOI), an initiative aimed at promoting international transparency and the exchange of financial information between countries.
As a self-governing British Crown Dependency, the Island’s legal system is based on English common law which is recognised internationally, making it a popular choice for global clients. With its strategic location at the heart of the British Isles and excellent telecommunications infrastructure, it is easy to do business from anywhere in the world.
For more information on how structuring through the Isle of Man can assist you please contact us using the details below.