Isle of Man Offshore Company (Companies Act 2006)

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Isle of Man Offshore Company (Companies Act 2006)


Isle of Man Offshore Company (Companies Act 2006)

(Year 2 Price onwards £2,500.00)

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.

Why choose a Isle Of Man Offshore Company Formation?

Main features of Isle Of Man company registration

  • Zero corporation tax rate applies for most trading companies (except banking, and land and property income from IOM sources).
  • No exchange control restrictions
  • Popular as a place for e-commerce businesses to relocate to due to its sound telecoms infrastructure and 100% broadband coverage.
  • Political and economic stability
  • Long established legal system
  • Currency is Pound Sterling
  • Sophisticated banking system
  • The Isle of Man is on the OECD ‘white list’ and has implemented numerous exchange of information agreements.
  • Reliable sea and air communications with the United Kingdom
  • Excellent telecommunications services

Isle Of Man offshore company formation, nominees, bank accounts and mail forwarding

As specialists in Isle Of Man offshore company formations, whether you’re looking for a simple offshore company registration or a complex structure (including offshore Trusts), A1 Global Formations can help. We also provide a comprehensive range of admin services for Isle Of Man companies, including the provision of nominee director, nominee shareholder, bank account services and mail forwarding.

Our expert Isle Of Man company formation and company registration team has established affiliations with local Isle Of Man company agents and extensive knowledge of the legal requirements for company formation in Isle Of Man. We also guarantee that all company filing documents and fees are up-to-date and will notify you of any compliance changes in Isle Of Man.

If you require us to take over the management of your existing Isle Of Man offshore company, we can usually do so at no extra cost.

To speak to an expert Isle Of Man company formation/registration advisor, please call free


+44 0208 371 2440

What’s Included in The Formation Price:

  • Certificate of Incorporation
  • Certified bound copy of the Memorandum and Articles of Association
  • Registered office and agent fee for the first year
  • Government fees for the first year
  • Company Secretarial Maintenance for first year
  • Issued Share Certificate
  • Register of Directors
  • Appointment of First Director
  • Consent letters etc
  • Company Share Register
  • Company Seal

Isle of Man Offshore Company (Companies Act 2006)


Additional Information for Isle of Man


Isle of Man Offshore Companies and their Tax Liability

Company Information

An NMV can be incorporate, registered or continued under the Act as:

  • A company limited by shares
  • A company limited by guarantee
  • A company limited by shares and by guarantee
  • An unlimited company without shares; or
  • An unlimited company with shares

Procedure to Incorporate

Submission of Memorandum and Articles of Association and advice of the situation of the Registered Office and Licensed Registered Agent.

Registered Office & Agent

NMV Companies must maintain a registered office and agent in the Isle of Man.

Time to Incorporate

One to five days, subject to name approval.

Classes of Shares Permitted

The Act provides that shares in Companies may (without limitation):

  • Be convertible, common ordinary;
  • Be redeemable at the option of the shareholder or the company or either of them;
  • Confer preferential rights to distributions;
  • Confer special, limited or conditional rights, including voting rights;
  • Entitle participation only in certain assets.

In additional, subject to any contrary provisions in a company’s memorandum or articles of association, a NMV is able to:

  • Issue bonus shares and nil or partly paid shares;
  • Issue shares with or without a par value;
  • Issue shares in any currency (if the shares have a par value)
  • Issue shares numbered or unnumbered; and/or
  • Issue fractional shares.

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.

Company Secretary

Is not required.



Type of entity Limited
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
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
Requirement for local Director No
Requirement for Company Secretary Optional
Location of meetings Anywhere


Minimum number 1
Publicly accessible records Optional
Location of meetings Anywhere


Required Yes


Requirement to prepare Yes
Requirement to file accounts No, save in relation to taxation
Publicly accessible accounts No


Requirement to file annual return Yes
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.

Isle of Man Offshore Company (Companies Act 2006)


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Administrative Additional Services*

*Please note that some ofthese services may be a requirement for particular jurisdictions. Contact us to learn more.

Professional Director

A Professional Director is a third party, who is appointed to act as a Director of a company.

Professional Shareholder

Professional Shareholders are usually required by clients seeking legitimate confidentiality of ownership..

Telephone Answering

Clients wishing to give the impression that their company is based in the UK or has a UK office.

Mail Forwarding

Enhance your business image whilst at the same time fully protecting your true identity and location

Offshore Banking

Offshore account for your company with our International Banking Partners.

Accounting Services

Provision of accounting services for your offshore company.

Trusts & Foundations

Ensure your assets are passed to beneficiaries of your choice.

Wealth Management

Offshore investment advice. Ensure your offshore funds are invested.

Related Services

Special Packages

A selection of special packages at discounted rates based on popular products and jurisdictions.

Offshore Banking

Select from a range of Offshore Banking solutions for your personal and business needs.

Additional Services

We offer specialist and comprehensive additional services to cover all of your corporate needs.

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