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Offshore Company Registration in ISLE OF MAN

The Isle of Man is a self-governing British Crown dependency located in the Irish Sea between the islands of Great Britain and Ireland. It is not and has never been part of the United Kingdom but is within the British Isles. The Isle of Man is an established international business and finance centre, with a secure base built on political stability and low taxation.

An Offshore Company is a legal business entity that is set up with the intention of operating outside its registered jurisdiction and/or the location of its ultimate ownership. Offshore companies can feature in most financial planning scenarios when trying to mitigate tax exposure and/or with regards to passing assets on to beneficiaries freely in the event of death. Sometimes referred as Special Purpose Vehicles (SPV).

The most popular type of company is a Limited Company, which is very similar to a UK Limited Company. An “offshore company” is generally understood to be a corporation registered in a “tax haven” low-tax or zero-tax country. An Isle of Man Company is exempt from the income tax, the same exemption applies to all dividends, interest, rents, royalties, compensations and other amounts paid by a company, and all capital gains realised with respect to any shares, debt obligations or other securities of the company. No estate, inheritance, succession or gift tax is payable with respect to any shares, debt obligations or other securities of an Isle of Man Company. All transactions and instruments relating to transfers of any type of property of assets, shares, debt obligations or securities to or by a Isle of Man Company are exempt from the stamp duty.

Benefits of Registering a Company in Isle of Man:

Incorporating a Company in the British Virgin Islands provides many benefits to business owners. Some of these benefits include the following:

  • Companies are not required to pay income tax to the Isle of Man government.

  • You do not need to pay large fees to establish and maintain your business in Isle of Man.

  • Your company will not need to share information about officers, directors, owners, or shareholders. None of this information is filed with the Registrar and confidentiality remains, as these names are not listed in the public records.

  • The Isle of Man does not restrict where you can do business or where you can buy property, giving business owners a wide range of options.

  • It is also easy to move your company from the Isle of Man Island to another jurisdiction.

  • Protection of Intellectual Properties.

  • Access to a stable and business-friendly legal system.

  • No VAT or GST is applicable.

How to Register a Isle of Man Company:

The most common type of corporation that is formed in the Isle of Man are companies that that can issue shares (limited by shares). Following are the requirements to register a Company in Isle of Man:

  • You need to find a registered agent whose location can be found in the Isle of Man Island. Your registered agent will assist you with the process of both registering and incorporate the company so that it legally meets all requirements in the Isle of Man. Furthermore, the company or limited company is required to keep the registered agent for the duration of its existence, or else the company can incur a steep fine.

  • You also need to keep a registered office, which needs to be a physical location in the Isle of Man, and this office cannot be a post office. You can, however, utilize the office of your registered agent for this.

  • You need to complete your Memorandum and Articles of Association for your company with your registered agent. After this, your registered agent will file the appropriate documentation with the Registrar.

  • Once the Registrar feels your corporation has met all rules and regulatory requirements and submitted all documentation, the company will receive a number alongside its certificate of incorporation. Completing incorporation can take as little as one day in some cases, and as long as five days in other cases.

  • The Registered Agent will appoint the company's first director(s) and company secretary, if one is required, although there is no legal requirement for a Isle of Man company to have a company secretary.

  • All companies no matter what their incorporation date, are due for renewal on the 31st December each year.

  • An Isle of Man Company is also required to complete annual bookkeeping, accounting services and compliance functions.

Documents Required for Isle of Man Company Registration:

The following documents are required to register an Isle of Man Company:

  • Notarized passport of each shareholder/beneficial owner and director.

  • Notarized proof of residential address of each director and shareholder/beneficial owner (Must be in English or be translated in English).

  • The proposed 3 company names with ending suffix “Limited” or “Ltd”.

  • The usual authorized is 1GBP.

CompaniesHouse - The MCA:

As an Official Company Registration Agent, we have built strong ties with the Ministry of Corporate Affairs, Govt of India since our own formation. Since we began, our goal has been to provide a seamless incorporation process that is quick and simple to use. Today, our company registration system is one of the most effective and efficient in India. In just over 5 minutes you can submit your new company name application, and often in just 3-5 days, your company will be fully registered. We also keep our company formation pricing competitive, while always exploring innovative ways to provide value to our customers. We are pleased to be one of the most affordable ways to start a company in India.

We have the expertise to advise which is the correct corporate structure they need to put in place. Most customers come to us for help registering a company limited by shares. The limited company structure is popular as it allows profits to be distributed amongst the shareholders while at the same time protecting them through the limited liability aspect. Our team has well over 20-years of combined expertise forming companies and providing corporate and secretarial services that help thousands of our clients grow their businesses each year.

We are incredibly passionate about the quality of our service, and we are incredibly proud of our customer feedback, as shown by our excellent reviews and ratings. Time and time again, we are selected for the value and expertise that our team is known for. We have helped shape the industry by providing innovative business services and bundled packages that have evolved alongside the needs of our customers.

Our clients have access to free support from an expert team. We are always on standby to help. If you need assistance at any point before, during, and after the registration of your company, you will be able to reach us by telephone or email.

Why CompaniesHouse?

No Hidden Charges:

We believe in clear and transparent pricing. The price advertised is the price you pay. There are no additional costs to register your business.

Speedy Service:

In just over 5 minutes you can submit your new company name application, and often in just 3-5 days, your company will be fully registered.

20+ Years of Exp:

We are experts in our field, our team has over 20 years of experience. Take the hassle out of setting up your business, rest assured that you are backed with the support you need to succeed.

Trusted Service:

Today our clients expect outstanding service. That's why we are so proud that 99% of our clients rate us "Great" and "Excellent" on Google.

Simplicity:

The whole process, from ordering to using your company registration license, is made as simple and easy as possible to help you build your business.

Privacy & Security:

Customer privacy and security is paramount. We ensure your payment, company and personal information is protected at the highest level.

What Client Says?

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Ram Kumar Chilukuri Director, Anewa Engineering Pvt Ltd

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Nrupesh CFO, Blujay Solutions Private Limited

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Avtar Singh Managing Partner, Chetak Transporters

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Mohammed Fasiuddin Director, Avidus Engineering Pvt Ltd

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Lakshmi Keerthi Reddy Director, Lavanar Sea Food Farming Private Limited

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Rambabu Director, Cybervillage Solutions Pvt ltd

Let's Clear Your Doubts

Can a foreigner incorporate a company in Isle of Man?

Yes.

Can a foreigner own 100% of the equity?

Yes.

Can I register Oner Person Company in Isle of Man?

Yes. A company can be owned and operated by a single person; i.e., a person can be the sole shareholder and director of a company.

What is the minimum share capital requirement for registering a Isle of Man Company?

1GBP.

What are the requirements to a foreigner to register a Company in Isle of Man?

There must be at least one director appointed. The company must have a registered office address in the Isle of Man,

The company must have a minimum share capital of 1GBP.

I am a foreigner and do I need to physically present in Isle of Man to register my Company?

Not Required. Our Associate Company Registered Agent will take care of everything.

How long will it take to incorporate my Isle of Man Company?

In normal course in 1 day otherwise 3 to 5 business days.

Do I need to renew my company on annual basis?

Yes, you have to renew on or before 31st December irrespective when you register it.

Is my Isle of Man Company taxed?

Isle of Man Company is exempted from all taxes.

Does Isle of Man Company need to complete annual bookkeeping, accounting services and compliance functions?

An Isle of Man Company is also required to complete annual bookkeeping, accounting services and compliance functions apart from annual renewal.