Isle of Man Isle of Man Finance


The Isle of Man: captive excellence


Drawing upon proximity to the UK and a studied independence from the mainland, the Isle of Man enjoys a position as an international captive domicile of some reputation. Here, its strengths are outlined.


stable jurisdiction and, although not part of the UK, its foreign relations and defence are the responsibilities of the UK Government. The UK does not interfere in the Island’s domestic matters, but with its being only 35 miles from the mainland, the Island enjoys a close relationship while being autonomous, adding to its reputation. Part of the Island’s autonomy allows it to set its own tax regime, with


T


he Isle of Man has developed into one of the largest and most well respected offshore fi nancial centres by being both business-friendly and suitably regulated. As a self-governing Crown Dependency of the UK, the Isle of Man is a politically


insurance companies on the Island subject to income tax at a rate of 0 percent.


The Isle of Man has been on the Organisation for Economic Cooperation


and Development’s (OECD) ‘white list’ of domiciles since the release of its recent assessments and is rated AA+ by Standard and Poor’s—the highest rating given to an offshore jurisdiction without its own currency. Being self-governing, the Isle of Man has its own legal system, Manx law. The Manx legal system is based on the principles of English common law and thus is well known and familiar to most international businesses.


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