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Isle of Man
| Location | Centre of the Irish Sea, within sight of England, Scotland, Ireland and Wales. |
| Time Zone | Greenwich Mean Time. |
| Population | App. 80,000. |
| Capital | Douglas. |
| Airport | One airport situated in the south of the island. |
| Language | Predominantly English but also Manx. |
| Currency | The Isle of Man is in currency union with the UK although it issues its own currency, which is legal tender only within the Isle of Man. One Manx poun |
| Dialing Code | +44 1624. |
| Centre's Expertise | International legal accounting, banking and fiduciary services. |
| Political System | Independent. |
| Legal System | Common law jurisdiction. |
| Personal Income Tax | Low rates of income tax – each resident is entitled to an attractive pre-tax allowance with a low rate of 10% and the standard/high rate of 18%. The amount of income tax payable is capped at £100,000 per individual. |
| Corporate Income Tax | Most companies pay income tax at a standard rate of 0% on all income; companies that receive income from banking business or from land and property situated in the Island pay tax at a 10% rate on profits from those sources and the standard 0% rate on their remaining income. |
| Exchange Restrictions | None for both resident and non-resident. |
| Tax Treaties | Australia, Denmark, Faroe Islands, Finland, France, Germany, Greenland, Iceland, Ireland, New Zealand, Norway, Sweden, The Netherlands, United Kingdom, United States. Double Taxation Treaties, either in force or pending, with Belgium, Estonia, Faroe Islands, Finland, Malta, Norway, Sweden and United Kingdom. |
| Permitted Currencies | Any. |
| Minimum Authorised Capital | No minimum. Concept of capital maintenance replaced by solvency test. |
| Minimum Share Issues | No minimum. Concept of capital maintenance replaced by solvency test. |
| Shelf Companies | Yes. |
| Incorporation Time Scale | 24 hours. |
| Incorporation Fees | £180. |
| Annual Fees | £320 for filing annual return. |
| Minimum Number | One. |
| Residency Requirements | No. |
| Corporate Directors | Yes. |
| Meetings/Frequency | As the directors or members require. |
| Disclosure | Annual return required including directors name. Member only if elect to file. |
| Bearer Shares | No. |
| Minimum Number | One. |
| Public Share Registry | Yes, only if elect to file. |
| Meetings Frequency | As the directors or members require. |
| Annual Return | Yes. |
| Audit Requirements | No. |
| Registered Office | Must, at all times, be on the Isle of Man. Must have registered agent. |
| Domicile Issues | Transfer to domicile permissable. |
| Company Naming Restrictions | The FSC can refuse to register a company with a name which in its opinion is undesirable, ie misleading, offensive or harmful to the public. |
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